Guide price
£1,000,000
Retail premises for saleArgyle Street, Glasgow G2
About this property
Entirely let to Hutchison 3G UK Ltd for 130,000 per annum.
Lease expires in December 2030 (no breaks)
Total accommodation of 181.75 sq m (1,956 sq ft) over basement, ground and first floor
Prominent city centre position on Glasgow's 'Style Mile', at the entrance to Argyll Arcade
Nearby occupiers include H&M, Superdry and Primark
VAT is applicable
Summary
**Being sold via Secure Sale online bidding. Terms & Conditions apply**
For sale - An outstanding commercial property prominently located in the vibrant heart of Glasgow. This lucrative opportunity is ideally suited for those with the foresight to capitalise on the city's commercial property market.
The property provides a tremendous investment prospect, encompassing roughly 2,000 sq ft of space spread across three floors, currently fully let to Hutchison 3G UK Ltd for 130,000 per annum.
Positioned in Glasgow's bustling central business district, it's within walking distance from excellent transport links, including bus stops, nearby underground and train stations, ensuring easy travel for both staff and clients. The property's prime location also benefits from ample food, retail and leisure facilities nearby.
Please get in touch to arrange a viewing at your earliest convenience.
Please note we have not inspected the property.
Accommodation
Total accommodation of 181.75 sq m (1,956 sq ft) over basement, ground and first floor
Location
The city of Glasgow is the largest city in Scotland, being located on the River Clyde, 41
miles west of Edinburgh
The city is a major port, commercial and administrative centre and is served by the M8, M74 and M77 motorways
Glasgow benefits from two principal mainline rail terminals, Glasgow Central and
Glasgow Queen Street
The property occupies a prominent city centre location within the local Conservation
Area and is situated on the north side of Argyle Street, at the entrance to Argyll Arcade
Occupiers close by include: Nationwide, House of Fraser, Zara, Superdry, Primark and
Santander amongst many others
EPC
Available upon request. Rating D.
Tenure
Freehold
VAT is applicable
Rateable Value
Sourced from saa
62,500
effective from
01-apr-23
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
**Being sold via Secure Sale online bidding. Terms & Conditions apply**
For sale - An outstanding commercial property prominently located in the vibrant heart of Glasgow. This lucrative opportunity is ideally suited for those with the foresight to capitalise on the city's commercial property market.
The property provides a tremendous investment prospect, encompassing roughly 2,000 sq ft of space spread across three floors, currently fully let to Hutchison 3G UK Ltd for 130,000 per annum.
Positioned in Glasgow's bustling central business district, it's within walking distance from excellent transport links, including bus stops, nearby underground and train stations, ensuring easy travel for both staff and clients. The property's prime location also benefits from ample food, retail and leisure facilities nearby.
Please get in touch to arrange a viewing at your earliest convenience.
Please note we have not inspected the property.
Accommodation
Total accommodation of 181.75 sq m (1,956 sq ft) over basement, ground and first floor
Location
The city of Glasgow is the largest city in Scotland, being located on the River Clyde, 41
miles west of Edinburgh
The city is a major port, commercial and administrative centre and is served by the M8, M74 and M77 motorways
Glasgow benefits from two principal mainline rail terminals, Glasgow Central and
Glasgow Queen Street
The property occupies a prominent city centre location within the local Conservation
Area and is situated on the north side of Argyle Street, at the entrance to Argyll Arcade
Occupiers close by include: Nationwide, House of Fraser, Zara, Superdry, Primark and
Santander amongst many others
EPC
Available upon request. Rating D.
Tenure
Freehold
VAT is applicable
Rateable Value
Sourced from saa
62,500
effective from
01-apr-23
Additional Information
For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.
Auctioneers Additional Comments
Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law
Auctioneers Additional Comments
The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.
Mortgage calculator
Monthly repayment
£5,002 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}