Retail Unit - NovaLoca
130 St Vincent Street, Glasgow, G2 5HF Tel: 0141 204 3838 Fax: 0141 204 3554
To Let Restaurant / Retail Unit
363 Argyle Street & 86 James Watt Street Glasgow G2 8LT
Viewing strictly by appointment with letting agents.
Prominent corner site Potential to combine both units Close to hotel and restaurant operators
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 588866
John Conroy Direct Dial: 0141 270 3176 [email protected]
Leeds 0113 243 6777
Dundee 01382 227900
London 020 7436 1212
LOCATION The subjects are located on the south side of Argyle Street on the corner of James Watt Street within the busy central business district of Glasgow City Centre. Surrounding occupiers include Tesco Express, William Hill and Piccolo Mondo Restaurant amongst others. The area has the benefit of hotels such as Premier Inn and Radisson SAS with the addition of Motel 1, who are in the process of building their 330-bed hotel on Argyle Street and Melia Group who are in the process of a development for in excess of 200-beds at Argyle Street. In addition there is an adjacent site on York Street which has a planning application for some 300,000 sq ft of mixed use development to include offices and residential. DESCRIPTION The subjects comprise a former restaurant unit on the corner of Argyle Street and James Watt Street together with a retail unit situated at 86 James Watt Street which is directly adjacent and may be combined with the subject premises if so desired. The restaurant premises are accessed from a corner door and has the benefit of extensive frontage on both Argyle Street and James Watt Street. ACCOMMODATION The subjects have the following approximate areas and dimensions:363 Argyle Street Width
14.27 m
46ft 8”
Depth
21.57 m
70ft 7”
2,503 sq ft
233 sq m
Net Internal Area
86 James Watt Street Width
6.12 m
20ft 0”
Depth
15.3 m
50ft 2”
943 sq ft
88 sq m
Net Internal Area
TERM Lease terms invited on Full Repairing and Insuring basis with 5 yearly upward only rent reviews . RENTAL Offers invited. ENERGY PERFORMANCE CERTIFICATE 363 Argyle Street: 86 James Watt Street:
EPC Rating = G EPC Rating = G
RATING We understand from the Local Assessor’s website that the subjects have the following rating assessment:363 Argyle Street Rateable Value UBR (2016/17) Rates Payable
£41,500 £0.51 £21,165 (exclusive of water & sewerage)
86 James Watt Street Rateable Value £10,700 UBR (2016/17) £0.484 Rates Payable £5,178 (exclusive of water & sewerage) Under the Small Business Scheme, properties with a Rateable Value of between £10,001 to £12,000 may quality for 50% relief on rates payable depending on individual circumstances. This rate can be appealed within 6 months of entry.
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, an d do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupati on, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but m ust satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warranty whatever in relation to this property.
LEGAL COSTS Each party will be responsible for their own legal costs incurred with an ingoing tenant/purchaser being responsible for any Stamp Duty Land Tax, recording dues and VAT as applicable. VALUE ADDED TAX Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 588866
VIEWING / FURTHER INFORMATION Strictly through the sole selling agents:John Conroy Direct Dial: 0141 270 3176 [email protected] Date of Publication: September 2016
Leeds 0113 243 6777
Dundee 01382 227900
London 020 7436 1212
To Let Restaurant / Retail Unit
363 Argyle Street & 86 James Watt Street Glasgow G2 8LT
Viewing strictly by appointment with letting agents.
Prominent corner site Potential to combine both units Close to hotel and restaurant operators
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 588866
John Conroy Direct Dial: 0141 270 3176 [email protected]
Leeds 0113 243 6777
Dundee 01382 227900
London 020 7436 1212
LOCATION The subjects are located on the south side of Argyle Street on the corner of James Watt Street within the busy central business district of Glasgow City Centre. Surrounding occupiers include Tesco Express, William Hill and Piccolo Mondo Restaurant amongst others. The area has the benefit of hotels such as Premier Inn and Radisson SAS with the addition of Motel 1, who are in the process of building their 330-bed hotel on Argyle Street and Melia Group who are in the process of a development for in excess of 200-beds at Argyle Street. In addition there is an adjacent site on York Street which has a planning application for some 300,000 sq ft of mixed use development to include offices and residential. DESCRIPTION The subjects comprise a former restaurant unit on the corner of Argyle Street and James Watt Street together with a retail unit situated at 86 James Watt Street which is directly adjacent and may be combined with the subject premises if so desired. The restaurant premises are accessed from a corner door and has the benefit of extensive frontage on both Argyle Street and James Watt Street. ACCOMMODATION The subjects have the following approximate areas and dimensions:363 Argyle Street Width
14.27 m
46ft 8”
Depth
21.57 m
70ft 7”
2,503 sq ft
233 sq m
Net Internal Area
86 James Watt Street Width
6.12 m
20ft 0”
Depth
15.3 m
50ft 2”
943 sq ft
88 sq m
Net Internal Area
TERM Lease terms invited on Full Repairing and Insuring basis with 5 yearly upward only rent reviews . RENTAL Offers invited. ENERGY PERFORMANCE CERTIFICATE 363 Argyle Street: 86 James Watt Street:
EPC Rating = G EPC Rating = G
RATING We understand from the Local Assessor’s website that the subjects have the following rating assessment:363 Argyle Street Rateable Value UBR (2016/17) Rates Payable
£41,500 £0.51 £21,165 (exclusive of water & sewerage)
86 James Watt Street Rateable Value £10,700 UBR (2016/17) £0.484 Rates Payable £5,178 (exclusive of water & sewerage) Under the Small Business Scheme, properties with a Rateable Value of between £10,001 to £12,000 may quality for 50% relief on rates payable depending on individual circumstances. This rate can be appealed within 6 months of entry.
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, an d do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupati on, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but m ust satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warranty whatever in relation to this property.
LEGAL COSTS Each party will be responsible for their own legal costs incurred with an ingoing tenant/purchaser being responsible for any Stamp Duty Land Tax, recording dues and VAT as applicable. VALUE ADDED TAX Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
Edinburgh 0131 225 6612
Glasgow 0141 204 3838
Aberdeen 01224 588866
VIEWING / FURTHER INFORMATION Strictly through the sole selling agents:John Conroy Direct Dial: 0141 270 3176 [email protected] Date of Publication: September 2016
Leeds 0113 243 6777
Dundee 01382 227900
London 020 7436 1212
