Open 7 Days a Week
8 AM - Midnight Weekdays
9 AM - 10 PM Weekends
102 Argyle Street, Glasgow, G2 8BH
Blue chip tenant in situ, FRI lease in place.
Street Address
102 Argyle Street, Glasgow, G2 8BH
Price
Offers over
£1,500,000
Property Type
Commercial Property
Property Reference
MFL5233862
What3Words:
Map Directions
McEwan Fraser Legal is delighted to present to the market a unique opportunity to purchase a recently refurbished retail unit situated within the famous Argyll Arcade with a long-standing blue chip tenant. The current FRI lease has 6 years remaining and offers a 10% return on investment at the current asking price.
The property expands over three floors, the basement which is currently unused but would make a useful storage area. The main retail area/shop floor, which has recently undergone refurbishment and is now a high-spec, modern retail area that is accessed directly off Argyle Street. The first floor offers staff facilities, a kitchen area, offices and storage. There are currently plans to demolish the St Enoch Centre which is located directly opposite the property and replace it with a development including shops, offices, restaurants and homes which could further increase the value of this investment.
Tenure: Freehold with tenant in situ.
Services: Mains gas, electricity, drainage and water.
Accounts: Will be made following a formal viewing appointment.
The property expands over three floors, the basement which is currently unused but would make a useful storage area. The main retail area/shop floor, which has recently undergone refurbishment and is now a high-spec, modern retail area that is accessed directly off Argyle Street. The first floor offers staff facilities, a kitchen area, offices and storage. There are currently plans to demolish the St Enoch Centre which is located directly opposite the property and replace it with a development including shops, offices, restaurants and homes which could further increase the value of this investment.
Tenure: Freehold with tenant in situ.
Services: Mains gas, electricity, drainage and water.
Accounts: Will be made following a formal viewing appointment.
The description of properties on the website do not form part of any offer and all statements and photographs are for illustrative purposes only and not guaranteed. Buyers must satisfy themselves on the accuracy and authenticity of each property listed.
Copyright © McEwan Fraser Legal 2024. McEwan Fraser Legal, Solicitors & Estate Agents, Claremont House, 130 East Claremont Street, Edinburgh EH7 4LB, Scotland