Offers over
£220,000
(£150.89/sq. ft)
Retail premises for saleVirginia Street, Glasgow G1
1,458 sq. ft
Just added
About this property
Prime City Centre Location
Stunning Sandstone Building
Backing Onto Virginia Court Linking To Miller Street
Held on F.R.I Lease
Expiring November 2032
No Breaks
Passing £20,000per annum
Rent Review: 2027
Offers Over £220,000
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.
Internally, the subjects benefits from the existing fit-out of the
current tenant as a Bridal Shop. The property consists of a open plan sales area to the front of the property with a vinyl floor covering, painted ceilings and adjustable spotlighting
incorporated throughout.
The basement, accessible via an internal stairwell, provides three cellular rooms alongside a kitchen/prep area and W/C provisions. The accommodation benefits from wooden slate floor covering with strip LED lighting incorporated throughout.
Lease Summary
The property is held on a full repairing and insuring head lease to Mia Bella Ltd who are an award winning wedding party outfitter, established for over 10 years.
The lease expires on 17th November 2032 at a passing rent of £20,000per annum with a rent review clause in November 2027
Area
Ground: 76.78sqm (826sq ft)
Bsm: 58.76sqm (632sq ft)
Total: 135.54sqm (1,458sq ft)
Sale
The property is available on a freehold basis for offers over £220,000
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.
Stunning Sandstone Building
Backing Onto Virginia Court Linking To Miller Street
Held on F.R.I Lease
Expiring November 2032
No Breaks
Passing £20,000per annum
Rent Review: 2027
Offers Over £220,000
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.
Internally, the subjects benefits from the existing fit-out of the
current tenant as a Bridal Shop. The property consists of a open plan sales area to the front of the property with a vinyl floor covering, painted ceilings and adjustable spotlighting
incorporated throughout.
The basement, accessible via an internal stairwell, provides three cellular rooms alongside a kitchen/prep area and W/C provisions. The accommodation benefits from wooden slate floor covering with strip LED lighting incorporated throughout.
Lease Summary
The property is held on a full repairing and insuring head lease to Mia Bella Ltd who are an award winning wedding party outfitter, established for over 10 years.
The lease expires on 17th November 2032 at a passing rent of £20,000per annum with a rent review clause in November 2027
Area
Ground: 76.78sqm (826sq ft)
Bsm: 58.76sqm (632sq ft)
Total: 135.54sqm (1,458sq ft)
Sale
The property is available on a freehold basis for offers over £220,000
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.
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