Luke & Jack, Virginia Street, Glasgow, Glasgow City

Prime City Centre Location
Stunning Sandstone Building
Backing Onto Virginia Court Linking To Miller Street
Ground & Basement
1,780sq ft
Let To Luke & Jack Ltd
Held on F.R.I Lease
Expiring March 2027
Passing £17,500per annum
Price: o/o £210,000

Location

The property is situated on the west side of Virginia Street at its junction with Wilson Street within Glasgow City Centre.

Glasgow is Scotland’s largest city and the third largest city in the UK. Glasgow acts as the administrative and economic capital of the west coast of Scotland, located on the shores of the River Clyde.

Glasgow’s profile as an international destination continues to
grow and drives demand for hotel/serviced apartment
accommodation. Glasgow is widely regarded as one of the
worlds leading festival and events hosts and is also a UNESCO
World City of Music destination. The SEC (Scottish Events
Company) is one of the worlds busiest events venues and
attributes some £309m to the Scottish economy, and £457m to
the Glasgow economy highlighting the benefits to businesses
within the city.

The property is located in the heart of the Merchant City which enhances Glasgow City Centre's appeal as a compact, walkable, high-energy commercial zone — blending heritage prestige with contemporary retail/hospitality demand. It's particularly attractive for F&B operators, boutique retail, and short-stay hotels, with steady tourism and events boosting footfall year-round.

Neighbouring occupiers include The Polo Lounge, House Of Gods, Corinthian & Trades Hall

Property

The subjects comprise a mid terraced retail unit spanning across ground and basement level, benefitting from a dedicated pedestrian entrance via Virginia Street.

The property is well presented internally with timber flooring and banks of LED spots throughout. The property has been extensively renovated by the tenant, with open plan retailing space at ground floor and further sales are within the basement along with partitioned office and stores along with w.c. and tea prep facilities.

Lease Summary

The property is held on a full repairing and insuring head lease to Luke and Jack Ltd, expiring 31st March 2027 at a passing rent of £17,500per annum.

Area

Ground: 65.56sqm (706sq ft)
Bsm: 99.81sqm (1,074sq ft)

Total: 165.37sqm (1,780sq ft)

Sale

The property is available on a freehold basis for offers over £210,000

V.A.T.

Figures quoted exclusive of V.A.T.

Legal

Each party shall bear their own legal costs incurred in the transaction

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.