Offers Over £1,500,000

Commercial Property for Sale

Argyle Street, Glasgow, G2 8BH

Offers Over £1,500,000

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Full Description

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.

By appointment through McEwan Fraser Legal on Glasgow 0141 404 5474

McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.

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