Argyle Street, Glasgow, G2

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: £1500, 000 - 8.2% Net