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CITY CENTRE RESTAURANT INVESTMENT - FIXED RENT INCREASES - 532 SAUCHIEHALL STREET GLASGOW

For sale: POA|Residential, Leisure, Retail - High Street, Restaurant/Cafes, Retail

PROPERTY DETAILS

FOR SALEPOA
ADDRESSChunky Chicken, 532 Sauchiehall Street, Glasgow, City of Glasgow, G2 3LX
TYPEResidential, Leisure, Retail - High Street, Restaurant/Cafes, Retail
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON15th April 2020

DESCRIPTION

Prime City Centre Position
Main Thoroughfare
City Central Leisure Hub
t/a Chunky Chicken
Expiry 2028
Passing Rent: £35,100p.a
Fixed Increase: £36,100p.a
Price On Application

Location

The property is situated on the North side of Sauchiehall Street, close to its junction with Charing Cross 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 Driftwood Bar, The Hall Bar, Genting Casino & The Garage Nightclub.

Property

The property comprises a ground & lower ground floor mid terrace commercial property situated within a larger red sandstone tenemental building of traditional construction surmounted by a pitched roof overlaid in slate.

The property benefits from a substantial aluminium framed glazed frontage, with granite edging. Access is gained via a single, glazed door leading to an open plan servery with seating at a poser bar and loose tables and chairs.

The property has been fitted out to suit the tenants requirement with main counter toward the front and open plan kitchen to the rear. Benefitting from an ample lower ground, the area offers staff area, storage and prep area, with main cooking and grilling prepared at ground floor level.

Investment Summary

The property is held on a full repairing and insuring head lease on the following terms;

Tenant: Ltd Co. t/a “Chunky Chicken”
Term: 29/3/18 - 28/3/28
Passing Rent: £35,100p.a
Review: Fixed increase in 2022 to £36,100p.a until 2024.

Area

The property has been measured on a net internal area basis to extend to the following floor area;

Ground: 90.11sqm (970sq ft)
Lower Grnd: 84.54sqm (910sq ft)

Price

On application

V.A.T

Prices quoted are exclusive of V.A.T

Legal

Each party shall bear their own legal costs incurred in the transaction

Lease & Title

Available on request

LOCATION

Location: Chunky Chicken, 532 Sauchiehall Street, Glasgow, City of Glasgow, G2 3LX

Charing Cross (Glasgow) (0.2 miles)

Anderston (0.4 miles)

Exhibition Centre (0.5 miles)

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