PRIME GLASGOW CITY CENTRE 3,254 sq ft Ground & Basement Hot Food Property. Sold with existing FRI LEASE in place as ongoing investment, Taco Mazama, Passing Rent: £35,000p.a. - Expiry April 2032.
The property has been measured on a net internal area basis and calculated to extend to; Ground: 101.25sqm (1,090sq ft) Bsm: 201.04sqm (2,164sq ft) Total: 302.29sqm (3,254sq ft)
The property is let on a full repairing and insuring head lease on the following terms: Tenant: MZ Drinks Ltd Expiry: 19th April 2032 Passing Rent: £35,000p.a. Rent Review: 20th April 2027
The area benefits from high volumes of passing pedestrian and vehicular traffic along with excellent public transport links with Charing Cross train station and a plethora of bus stops in close proxim
The property comprises a ground floor and basement, mid-terraced commercial unit set within a larger 4 storey tenemental building surmounted by a pitched roof overlaid in slate. The unit offers dual display windows flanking the partially recessed entranceway leading to an open plan food servery with w.c. facilities to the rear, the basement offers a secondary and alternate seating space utilised as a gaming cafe, namely Top Hat & Bishop Gaming Cafe. Internally the property has been fitted out to the tenants high standard with laminated timber and commercial linoleum flooring, lighting is provided by way of L.E.D. spots recessed within the ceiling The property has been measured on a net internal area basis and calculated to extend to; Ground: 101.25sqm (1,090sq ft) Bsm: 201.04sqm (2,164sq ft) Total: 302.29sqm (3,254sq ft) The property is let on a full repairing and insuring head lease on the following terms: Tenant: MZ Drinks Ltd Expiry: 19th April 2032 Passing Rent: £35,000p.a. Rent Review: 20th April 2027 Service Charge: A service charge cap is on place until 20th April 2026 of £2,000per annum thereafter an increase to £5,000per annum for the remainder of the lease.
The property is situated on the south side of Sauchiehall Street, close to its junction with Holland Street to the east within Glasgow’s city centre. Situated on Glasgow’s “Golden Z” shopping district, the area is the city’s hub for bars, restaurants, evening entertainment along with high demand for residential accommodation. The area benefits from high volumes of passing pedestrian and vehicular traffic along with excellent public transport links with Charing Cross train station and a plethora of bus stops in close proximity. Neighbouring occupiers include The Garage Nightclub, Prime Student Living, Glasgow Dental Hospital, Nico’s Cafe Bar amongst a vast number of residential dwellings and commercial operators.
Full Address: 387 Sauchiehall Street, Glasgow City Centre, G2 3HU
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