Sauchiehall Street, Glasgow, G2

Prime City Centre Location
Full Building
Popeyes Chicken Investment
Held on F.R.I Lease
Passing £85,000p.a.x.
Expiry 6th May 2044
Reviews Every 5 years
Price: Offers Invited

Location

The property is situated on the north side of Sauchiehall Street between its junctions with Hope Street & Renfield Street in a prime position within Glasgow City Centre.

As a result of the street being one of the strongest retailing pitches within Glasgow, it benefits from strong footfall levels which has enabled the street to attract brands such as McDonalds, Popeyes Louisiana Chicken, Starbucks, Citizen M and Mauldron Hotels.

Property

The property comprises a full building with large aluminium framed and glazed frontage.

Internally each floor is accessed via large staircases to each floor with fully exposed ceilings.

The property is occupied by Popeyes Chicken with extensive renovations and operations commencing in 2024.

Lease Summary

The property is held on a full repairing and insuring head lease with schedule of condition let to PLK Investment (1) Ltd trading as "Popeyes Louisiana Chicken" expiring 6th May 2044 at a current passing rent of £85,000p.a.x There are rent reviews and tenant break options in May 2029 / 2034 & 2039

Area

Ground: 218.03sqm (2,347sq ft)
1st: 197.56sqm (2,127sq ft)
2nd: 209.88sqm (2,259sq ft)

Total: 625.47sqm (6,733sq ft)

NAV/RV

£59,000

Sale

Offers are invited for our clients freehold interest

V.A.T.

The property has been elected for V.A.T. as such the transaction may be treated as a T.o.G.C. (transfer of a going concern)

Viewing

Whilst it is a good idea to visit a property investment that is being marketed for sale as a customer before making a formal viewing, it is vitally important that such visits are carried out confidentially and that no approach is made to the staff, operators or customers of the business.
Many investments are being marketed confidentially and the staff and locals may not know that the property is on the market, therefore a casual approach can adversely affect the business

Anti-Money Laundering

TSA Property Consultants are regulated by HMRC in its compliance with the UK Money Laundering under the 5th Directive of the Money Laundering Regulations, effective from 10th January 2020, the agents are required to undertake due diligence on interested parties.