Hope Street, Glasgow, G2 2UL
For Sale - Investment
Offers over £350,000 to 1,371 ft²
About this property
LOCATION
This exciting prime hot food/ restaurant investment is located on 189 Hope Street, within close proximity to Buchanan Street and Sauchiehall Street. Hope Street continues to provide primarily service sector retailing complimenting the significant number of public houses and restaurants which predominate the area.
Nearby occupiers include Cask & Still, Crepe a Croissant and opposite The Pot Still, a local newsagent.
DESCRIPTION
The property comprises of a lock up retail unit contained within the ground floor of a traditional office building.
The property provides the following accommodation and dimensions:
Ground Floor 1,371 sq ft (127.37 sq m)
ITZA 849 sq ft (78.87 sq m)
TENANCY
The subject property is let to MARTIAN ENTERPRISES LTD with a personal guarantee for the duration of the lease, for a term of 15 years from 14th March 2003 at a current rent of £29,715 p.a.
PRICE
We are seeking offers in excess of £350,000 for our clients' heritable interest in the property with the benefit of the existing lease. A purchase at this level will reflect a NIY of 8.1%. The next rent review will see a minimum 10% uplift or OMRV.
For further information or to arrange a viewing, please contact the sole selling agent:
Andrew Saunders
T: 0141 221 2998
E: andrew.saunders@merchantcommercial.co.uk
Property Reference To Quote for enquiries: hope-street/189
Price
Property is For Sale - Investment, and is: Offers over £350,000
