Agency / Lease Advisory / Telecoms / Asset Management / Investment / Development
NUMBER 99 MERCHANT CITY
TO LET
RESTAURANT OPPORTUNITY
99 HUTCHESON STREET, MERCHANT CITY, GLASGOW, G1 1SN • • • •
Glasgow’s Cultural, Fashion & Food Quarter Established Licensed Trade Location Close to Merchant Square & Royal Exchange Square Glasgow’s busy shopping precincts, Buchanan Street & Argyle Street in close proximity
• Young affluent resident population • Extensive pavement seating area • One of the largest frontages in Glasgow
Agency / Lease Advisory / Telecoms / Asset Management / Investment / Development
LOCATION
The subjects extend to the following approximate GIA:
The property occupies a prominent position on the corner of Hutcheson Street & Garth Street in the heart of the Merchant City of Glasgow City Centre. The Merchant City is populated by a mixture of high end fashion retailers, premium restaurant occupiers and cafes / bars.
Ground Floor
Nearby occupiers include Jigsaw, Cruise, Armani, Citation, Corinthian Bar / Restaurant, CafĂŠ Gandolfi, Mediterraneo Restaurant, Merchant Square and The Glasgow City Halls.
DESCRIPTION The subject premises comprise a large ground floor restaurant unit with extensive frontage to both Hutcheson Street and Garth Street. The unit is currently unfitted and in shell condition.
331 sq m
(3,563 sq ft)
TERMS Our clients are looking to lease the premises and should this be of interest, details on rental and lease terms are available upon request. The property is capable of sub division.
INCENTIVES Incentives in the form of rent free may be available. The level of incentives available will depend on the prospective tenant’s covenant.
ENTRY By agreement.
Indicative Frontage
NUMBER 99 MERCHANT CITY
Agency / Lease Advisory / Telecoms / Asset Management / Investment / Development
RATING We have been advised that the property has yet to be fully assessed by the Local Rating Authority and therefore the Rateable Value will be applied upon occupation.
PLANNING The subject property currently benefits from Full Restaurant / Class 3 (Food & Drink) Planning Consent. Prospective tenants will require a premises licence for the sale of alcohol and consent for pavement seating from the local authority.
Indicative Floor Plan Proposal
NUMBER 99 MERCHANT CITY
NUMBER 99 MERCHANT CITY
ENERGY PERFORMANCE CERTIFICATE A copy of an EPC for the property is available upon request. The property is currently rated G.
LEGAL COSTS Each party shall be responsible for their own legal costs incurred with this transaction, with the ingoing tenant being responsible for stamp duty, tax, registration dues and VAT incurred thereon.
• 50 metres from The Italian Centre • 150 metres from Merchant Square • 200 metres from George Square • 320 metres from Royal Exchange Square • 350 metres from Queen Street Station • 400 metres from Buchanan Street
VIEWING AND FURTHER INFORMATION Scott McNicol BSc MRICS Tel :
0141 779 7741
Email : scott@mcnicolproperty.co.uk
IMPORTANT NOTICE (Date of Publication May 2013) McNicol Property Consultants for themselves and for the vendors or lessors of this property, whose agents they are, give notice that: (i) While these particulars have been carefully prepared their accuracy is not warranted. Details may change after these particulars have been prepared due to circumstances outwith our control. (ii) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intended purchasers or tenants should not rely on them as statement or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (iii) No person in the employment of McNicol Property Consultants has any authority to make or give any representation or warranty whatever in relation to the property. (iv) All prices, premiums and rents quoted are exclusive of VAT. (v) These particulars are provided for record purposes only and are not intended to create, nor to be relied upon as creating, any contractual relationship or commitment. Any contract shall only be entered into by way of an exchange of correspondence with our clients’ solicitors. (vi) Photographs & drawings for illustration purposes only. thedesigndepartment.com