190 Glasgow G1 5RY, Trongate, Cafe Nero, Glasgow, G15RY
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- SECTOR
Commercial property for sale
Key features
- INCOME PRODUCING INVESTMENT Ground Floor & Basement retail Unit Extending to 1,376sq ft in EXCELLENT TRADING POSITION. Caffé Nero in occupation producing £50,000 per annum FRI Lease with 7 year
- Internally the ground floor comprises the main café which is fitted out to Caffè Neroâ??s corporate specification with a counter and seating area. The basement contains customer wcs and auxiliary ac
- The property is held on a full repairing and insuring head lease to Nero Holdings Ltd t/a Cafe Nero expiring February 2033 (extended at Cafe Neroâ??s request) at a passing annual rent of £50,000
- The property extends to the following net internal area; Ground: 94.26sqm (1,015sq ft) Bsm: 33.49sqm (361sq ft) Total: 127.75sqm (1,376sq ft)
- The property benefits from Class 3 (Food & Drink) Use Class consent PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION ***
Description
** SALE BY AUCTION - 12 November 2026 - Timed Online Auction **
The property is held on a full repairing and insuring head lease to Nero Holdings Ltd t/a Cafe Nero expiring February 2033 (extended at Cafe Neroâ??s request) at a passing annual rent of £50,000p.a.x. Caffè Nero is a leading independent coffee house chain, founded in 1997 by Gerry Ford. It offers a European-style café experience with high-quality espresso-based drinks, food, and a warm atmosphere. Headquartered in London, the brand operates across 11 countries and stands out as one of Europeâ??s largest independent coffee groups, emphasising premium coffee sourcing and consistent customer experience. In the UK, Caffè Nero currently runs approximately 650 stores (as of mid-2026), forming the core of its operations with strong high-street and transport hub presence. The wider Nero Group employs over 11,000 staff globally, with more than 7,000 in the UK. UK sales for Caffè Nero reached around £366 million in recent financial years, contributing to the Groupâ??s record turnover exceeding £800 million overall. The company continues aggressive expansion, planning dozens of new UK openings annually while delivering steady like-for-like growth. The lease is Full Repairing and Insuring (FRI), subject to a tenant liability cap. The premises have a 40% share of communal repairs of which 20.02% is recoverable from the tenant. The vendor confirms that there has been no cost and no common repairs in the last 8 years.
The property is located on the corner of Glassford Street and Argyle Street within Glasgow City Centre. Neighbouring occupiers include McDonalds, Marks & Spencer, Sainsburys, Social Hub Glasgow Aparthotel and Glasgowâ??s vibrant Merchant City Suburb. Merchant City is the stylish, walkable heart of Glasgow city centre, stretching east from George Square and Queen Street towards High Street and Glasgow Cross. Built around the warehouses and townhouses of the 18th-century tobacco lords, its grid of cobbled streets and converted sandstone buildings now form one of the cityâ??s densest and most vibrant food, drink and leisure quarters. The area draws locals and visitors for its mix of independent restaurants, cocktail bars and nightlife, including long-standing favourites such as Café Gandolfi and Paesano, alongside newer operators like Swadish, Mharsanta, Dishoom and Daddy Marmalade, plus the covered courtyard of Merchant Square. Culture adds further pull through the City Halls and Old Fruitmarket, the Gallery of Modern Art nearby, and the annual Merchant City Festival, all set within easy reach of Queen Street and Central stations and the Buchanan Street subway.
Auction Details
12 November 2026, 10am-3pm
Timed Online Auction
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190 Glasgow G1 5RY, Trongate, Cafe Nero, Glasgow, G15RY
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Argyle Street Station0.1 miles
- St. Enoch Station0.2 miles
- Glasgow Queen Street Station0.3 miles
Notes
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