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Retail investment with development potential

Glasgow, Vereinigtes KönigreichAdresse freischalten

83%

£8.250.000

Einzelhandel

#14124

Core+, Value-Add

3 Feb 2024

Immobilieneinzelheiten

Makler

Zu verkaufen

20,938 ft²

1.945 m²

Mietfläche

394 £/ft²

4.241 £/m²

10.00 %

8

Anderes

X

Gebühren

0.00 %

0.50 %

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0.50 %

Investitionsübersicht

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).