Britton Property.
Investment For Sale
16-20 West Nile Street, Glasgow G1 2PW
Prime Restaurant City Centre Investment Let to Iguanas Holdings Ltd t/a Las Iguanas
Rent: £180,000 pa
Expiry: 1st December 2038
Price: On application
Viewing strictly by appointment with BRITTON PROPERTY
Andrew Britton
T. 07990 505 421
E. andrew@brittonproperty.co.uk
Glasgow is Scotland’s largest city with a population of approximately 660,000 and an estimated shopping catchment of 2 million.
The property is situated in the prime leisure pitch on the east side of West Nile Street, near to Buchanan Street, the main shopping location in Glasgow city centre.
Nearby occupiers including Innes & Gunn, Las Iguanas, All Bar One, TGI Fridays, The Ivy, Gaucho, Sugo Pasta, Franco Manca, Costa, Five Guys, Miller and Carter, Lush, Apple, Kiehls, The White Company and Oliver Bonas to name just a few.
The premises comprise an extensively glazed restaurant unit arranged over ground floor, within a 4 storey blonde sandstone office building.
The ground floor is fitted out to the tenant’s standard specification with external seating.
The premises extend to the following approximate areas:
Ground Floor: 5,500 sq ft / 510.97 sqm
The property is held on a full repairing and insuring lease on the following terms –
Tenant: Iguanas Holdings Ltd t/a Las Iguanas
Expiry: 1st December 2038
Rent Reviews: 5 yearly to open market with next being on 1st December 2028.
Passing Rent: £180,000pa
On application
On application
Each party to be responsible for their own legal and professional costs incurred in this transaction. For the avoidance of doubt the ingoing tenant will be responsible for Land & Buildings Transaction Tax (LBTT), registration dues and any VAT payable thereon.
Britton Property is a niche, independent retail and leisure consultancy, providing professional and bespoke advice to clients.