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Special Terms of Sale
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Deposit (?) 5% of Sale Price
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Buyers Fee
(?) 1% of Sale Price (Minimum of £3250 +vat)
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Description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
INCOME PRODUCING INVESTMENT*** Well Established Late Night Venue Bluedog cocktail bar WELL ESTABLISHED LOCATION over ground floor and basement. Currently producing £75,000pa on a FRI lease until 2047
PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £75,000 per annum. Rent review every 5 years.
The property forms the ground floor and basement of a larger multi-storey modern commercial development. Internally the premises have been fitted out to a high standard thoughout.
Accessed from street level the property offers an open plan bar area with a mixture of booth and loose seating along with performer stage. WC’s, staff room, office, cloaks and cellar. 268.3sqm (2,888)
Blue Dog is a well-known cocktail bar in Glasgow, located on West George Street in the city center. It's renowned for its stylish, speakeasy-inspired atmosphere and exceptional cocktail menu.
INCOME PRODUCING INVESTMENT*** Well Established Late Night Venue Bluedog cocktail bar WELL ESTABLISHED LOCATION over ground floor and basement. Currently producing £75,000pa on a FRI lease until 2047.
PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £75,000 per annum. Rent review every 5 years.
The property forms the ground floor and basement of a larger multi-storey modern commercial development. Internally the premises have been fitted out to a high standard thoughout.
Accessed from street level the property offers an open plan bar area with a mixture of booth and loose seating along with performer stage. WC’s, staff room, office, cloaks and cellar. 268.3sqm (2,888)
Blue Dog is a well-known cocktail bar in Glasgow, located on West George Street in the city center. It's renowned for its stylish, speakeasy-inspired atmosphere and exceptional cocktail menu.
The property is situated on the south side of West George Street between its junctions with Hope Street and Renfield Street within Glasgow City Centre.
Parking is available on street or in one of the multi-storey car parks close by at Buchanan Galleries or Mitchell Street.
West George Street is well-served by public transportation, with several bus routes passing through. Glasgow Central and Queen Street railway stations are also within walking distance, providing excellent connectivity to other parts of the city and beyond.
Full Address: 151 West George St, BlueDog, Glasgow, G2 2JJ
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Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)
Length: 23 years
Rent: £75,000 per year / £6,250 per month
Yield: 16% (approx)
Tenant: Company
Notes: Tenant: JESSIESGW23 LIMITED
Expiry: 13/06/2047
Passing Rent: £75,715 pa until 30/09/2028
Rent Reduces to £65,000 from 01/10/2028
Landlord Break: 04/02/2043 (6 month notice)
Next RR 01/10/2028
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Pricing Information & Bidding
What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).
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SPECIAL Terms of Sale
- 5% Deposit
- Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
- 4 Weeks Completion or Longer By Agreement
- Contribution to Sellers Costs £2,750 for on time settlement
VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.
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PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.
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Auction Details
Date & Time: 28 November 2024, 10am-3pm
Type: Timed Online Auction
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