Unit 2, 5 Douglas Street, Glasgow, G62

Location:

Milngavie is an affluent residential suburb situated
approximately 6 miles north west of Glasgow City Centre.

The premises are located on Douglas Street and within
arguably within the best retailing pitch of the town centre,
with surrounding occupiers including Subway, Garvie & Co,
Greggs, Costa, Bank of Scotland, Holland & Barratt and M&S
amongst others.

There is car parking immediately to the rear of the subjects.
Milngavie Train Station is located within a short walk from the
subjects.

Description:

The premises comprises a ground floor showroom/studio within
a multi occupied building. The premises are accessed from a
communal entranceway and comprise an open plan studio with
rear tea prep. Toilet facilities are at lower ground level.

Accommodation:

The premises have a net internal area of 79.75 sq m
(858 sq ft).

Rent:

Our client holds the premises on a 5 year full repairing and
insuring lease expiring 17th November 2029. There is a tenant
only break option on 18th November 2027. The passing rent is
£13,800 per annum. There is no VAT payable.

Our client is seeking to assign their lease, alternatively a sub
lease may be considered

Business Rates:

RV: £13,000
Payable: £1,794

The premises qualify for 72.50% rates relief under the Small
Business Bonus Scheme. For further information please contact
the Director of Finance at East Dunbartonshire Council.

Service Charge:

The tenant shall pay a share of the upkeep of the building's
common parts.

Energy Performance Certificate
A copy of the EPC will be provided upon application.

Legal Costs:

Each party will be responsible for their own legal costs and
outlays including VAT incurred.

VAT:

All prices, rents, premiums etc. are quoted exclusive of VAT.
Interested parties must satisfy themselves as to the instance of
VAT in respect of any transaction

Anti Money Laundering Regulations:

The Money Laundering, Terrorist Financing and Transfer of
Funds (Information on the Payer) Regulations 2017 came into
force on the 26th June 2017. This now requires us to conduct
due diligence not only on our client but also on any purchasers
or occupiers. Once an offer has been accepted, the
prospective purchaser(s)/occupier(s) will need to provide, as a
minimum, proof of identity and residence and proof of funds for
the purchase, before the transaction can proceed.