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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

INCOME PRODUCING INVESTMENT***Prominent town centre location Approx. 2,699 sq. ft Let on a FRI lease for 5 years producing £25,000 per annum ****VAT FREE PURCHASE***

The property has been calculated to extend to the following net internal area; Ground: 60.83 sq. m. (654 sq. ft.) Basement:189.93 sq. m. (2,045 sq. ft.) Total:- 250.76 sq. m. (2,699 sq. ft)

Compromises display areas, fitting rooms and office on the ground floor as well as a unique large fitting/storage space in the basement level, where there are also staff facilities and WCs.

The subjects are let to SLB Glasgow Limited on a new 5 year FRI lease from 6th January 2025 at a passing rent of £25,000 per annum. The tenants have been in occupation for over 20 years.

The immediate surrounding area is home to a number of large scale office developments offering a large immediate catchment, and also to a number of retail, hotels and restaurants.

INCOME PRODUCING INVESTMENT***Prominent town centre location Approx. 2,699 sq. ft Let on a FRI lease for 5 years producing £25,000 per annum ****VAT FREE PURCHASE*** The property has been calculated to extend to the following net internal area; Ground: 60.83 sq. m. (654 sq. ft.) Basement:189.93 sq. m. (2,045 sq. ft.) Total:- 250.76 sq. m. (2,699 sq. ft) Compromises display areas, fitting rooms and office on the ground floor as well as a unique large fitting/storage space in the basement level, where there are also staff facilities and WCs. The subjects are let to SLB Glasgow Limited on a new 5 year FRI lease from 6th January 2025 at a passing rent of £25,000 per annum. The tenants have been in occupation for over 20 years. The immediate surrounding area is home to a number of large scale office developments offering a large immediate catchment, and also to a number of retail, hotels and restaurants.

The subjects occupy a highly visible pitch in the heart of Glasgow City Centre, on the east side of Hope Street, at it's corner with Bath Lane. Glasgow Central & Queen Street Stations, as well as Buchanan Street underground, are all within short walking distance. Various bus routes run on Hope Street which is one of the main pedestrian routes linking Sauchiehall Street to Argyle Street within the City Centre. Glasgow is Scotland’s largest city and benefits from an immediate population of approximately 660,000 people and an estimated shopping catchment of two million.

Full Address: 176 Hope Street, Sarah Louise Bridal, Glasgow City Centre, G2 2TU

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 5 Years
Rent: £25,000 per year / £2,083 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: The subjects are let to SLB Glasgow Limited on a new 5 year FRI lease from 6th January 2025 at a passing rent of £25,000 per annum. There is a Tenant only break option at the third anniversary of the Date of Entry. The current occupier has a strong track record in bridal wear stores. More information is available from the sole selling agents.

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Pricing Information & Bidding

Opening Bid: £225,000

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

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Auction Details

Date & Time: 17 July 2025, 10am-3pm
Type: Timed Online Auction

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