Commercial property for sale in Glasgow, Scotland

ADDRESS: 102 Argyle Street, Glasgow, Lanarkshire, G2 8BH * Entirely let to Hutchison 3G UK Ltd * Lease expires in December 2030 (no breaks) * Prominent city centre position on Glasgow's 'Style Mile', at the entrance to Argyll Arcade LOCATION & SITUATION The city of Glasgow is the largest city in Scotland, being located on the River Clyde, 41 miles west of Edinburgh The city is a major port, commercial and administrative centre and is served by the M8, M74 and M77 motorways Glasgow benefits from two principal mainline rail terminals, Glasgow Central and Glasgow Queen Street. The property occupies a prominent city centre location within the local Conservation Area and is situated on the north side of Argyle Street, at the entrance to Argyll Arcade Occupiers close by include: Nationwide, House of Fraser, Zara, Superdry, Primark and Santander amongst many others ADDITIONAL INFORMATION The property forms part of a larger building, the remainder of which is not included in the sale ACCOMMODATION Basement: 146 sq ft, Ground Floor: 888 sq ft, First Floor: 922 sq ft. Total accommodation of 181.75 sq m (1,956 sq ft) over basement, ground and first floor TENANCY Let to Hutchison 3G UK Ltd for 12 years from 17.12.2018 at a current rent of £130,000 p.a. Rent review every 5th year FR& I. Hutchison 3G UK Ltd is a British telecommunications and internet service provider, and a subsidiary of CK Hutchison Holdings, operating under the global 'Three' brand. For the year ended 31st December 2022 the company reported a total turnover of £2.3bn, Net Profit of £ 86m, Net Assets of £6.8bn TENURE: Heritable RENT: £130,000 VAT: Applicable PRICE: £1,150,000 11.3%

Commercial property for sale in Glasgow, Scotland

Retail property (high street) for sale

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