£8.250.000
Confirmation
Retail investment with development potential
Property Details
Broker
Deactivated
20,938 sq.ft.
1,945 m²Leasable area
394 £/sq.ft.
4,241 £/m²10.00 %
8
Other
Fees
Investment Overview
The property occupies an excellent position at the junction of Argyle Street & Queen Street, which is one of Glasgow’s premier shopping thoroughfares. Shopper footfall on Argyle Street is the highest for any location in the city centre. The property comprises eight retail units in an unbroken parade extending to over 20,000 sq ft. Four tenants have recommitted to the location with new leases from January 2021. Redevelopment opportunity for alternative uses over 11/17 Queen Street. Current rental income of £881,501 per annum. Wault to expiry 5.9 years. Heritable investment (Scotland’s equivalent to English Freehold).
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