The subjects are located in a highly desirable trading location, within Glasgow’s West End. Glasgow has vibrant student, retail and leisure sectors and is regarded as the UK’s most popular licensed and retail destination outside of London. Glasgow’s popularity for leisure and tourism has continued to expand in recent years, with major developments, including the opening of the SE Hydro arena, providing a world class venue for large scale events, conferences and gigs. The west end of Glasgow also benefits from its affluent location, high value residential properties and Glasgow University.
Specifically, the subjects are located on Dumbarton Road, in the core of the West End, immediately off Byres Road. Kelvinhall Subway station is situated opposite. There are substantial new student flat developments in the immediate vicinity seconds walk from the subject property. These include the new West Village and the Dunaskin developments. This adds to the already desirable trading location, providing real scope for business development and increased sales.
The subjects are formed over the ground floor of a multi storey tenement fronting Dumbarton Road. The premises have a good retail frontage onto Dumbarton Road. The unit is in part shell condition, ready for fit-out, with commercial extraction flue. There is currently no kitchen or customer toilets in place and the rear garden area is not included.
We estimate that the gross internal area is 521 sq.ft.
The property has a premises licence in place which will be transferred to a purchaser.
The rateable value of the property is £8,500. The current rateable value falls below the rates threshold of £15,000 and therefore no rates will be payable.
This is a fantastic leasehold opportunity, in a highly desirable trading location, which has improved substantially in recent years. The premises provides a great blank canvas for someone to develop their own highly successful business. Given the trading location, the premises are ideal for a variety of uses including small restaurant/take-away, cafe, retail or other use.
The premises are available at an attractive rental of offers over £20,000 per annum. The lease will be of a standard commercial nature for a minimum period of 10 years. A rental deposit will be required.
The premises are classified as under development. Please contact us for further details.
For further information, please contact the Glasgow office on 0141 331 0650.
Designed & built by Mucky Puddle