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AGENT'S DETAILS


Convenience Store Investment - 350 Argyle Street, The Bridge G2 8LY

For sale: £1,900,000.00|4035 Sq Ft|Mixed use, General Retail, Retail - High Street, Other Property Types & Opportunities, Retail

PROPERTY DETAILS

FOR SALE£1,900,000.00
SIZE4035 Sq Ft
ADDRESSConvenience Store Investment - 350 Argyle Street, The Bridge G2 8LY
TYPEMixed use, General Retail, Retail - High Street, Other Property Types & Opportunities, Retail
TENUREInvestment Opportunity
POSTED ON15th March 2021

DESCRIPTION

Prime, Long Let & Indexed Linked Convenience Store Investment Opportunity

Investment Summary

• Located in the middle of Glasgow’s Central Business District.
• 1 miles (2 minutes’ walk) from Glasgow’s Central Station.
• Circa 850,000 sq ft of new developments planned or under construction in the immediate vicinity
• Let to the undoubted covenant of Tesco.
• Recently extended lease with over 15 years unexpired.
• Uncapped RPI linked rent reviews in 2026 & 2031.
• Offers in excess of £1,900,000.
• A purchase at this level will show a net initial yield of 4.7% after normal purchasers’ costs.

Description

The property comprises a ground floor convenience store of frame construction with glazed elevations. The property is underneath a large residential building made up of approximately 160 high end and modern apartments.

LOCATION

Location: Convenience Store Investment - 350 Argyle Street, The Bridge G2 8LY

Argyle Street (0.1 miles)

Glasgow Central (0.2 miles)

Anderston (0.3 miles)

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