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Investment property, tenanted commercial premises

Glasgow, G2 - Get Access

Description

Substantial 2,506 sq.ft. licensed commercial premises with a large basement, located on Pitt Street within the core city centre of Glasgow, situated just off Sauchiehall Street between Bath Street and Charing Cross. The property is positioned in a popular, high-footfall location close to Sauchiehall Street, one of the city's principal thoroughfares. Nearby occupiers include Nando's, Black Sheep Coffee, Glasgow School of Art, CCA Glasgow Museum, and J.D. Wetherspoon. The area benefits from excellent transport links, being within walking distance of Glasgow Central Station and Buchanan Street Underground Station, with numerous multi-storey car parks nearby and parking provided to the front of the subjects. The city of Glasgow serves a wider catchment of approximately 2.5 million people and is a major entertainment and leisure destination. Arranged over ground and basement levels, the approximate net internal areas comprise 169.53 sq.ft (15.75 sq.m) on the ground floor and 2,506 sq.ft (232.82 sq.m) in the basement. The property is currently let on Full Repairing and Insuring (FRI) terms to Dingsheng Trading Ltd at a rental of £25,000 per annum, with the lease expiring on 8th December 2026, at which point the property will be available with vacant possession. The tenant has undertaken an impressive fit-out, operating the space as an e-sports bar and gaming centre featuring an attractive bar area, multi-purpose gaming rooms, internet café facilities, traditional pub elements, an e-sports match view arena, and toilet facilities. This freehold commercial investment opportunity is suitable for a wide range of alternative uses following lease expiry.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 2,506 sq ft (Listing)

This commercial property on Pitt Street in Glasgow city centre was evaluated by examining recent local sales of comparable retail and leisure premises. The property is currently in good overall condition with a modern fitted interior, though exterior brickwork requires minor cleaning. Valuation floor area of 2,506 sq. ft. was utilised to establish baseline pricing.

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