Find a Commercial Property on 4Propsearching thousands of offices, retail, industrial,
Investments, land, developments, farms, welfare and leisure properties for sale or to let.
Retail Investments for Sale
Buchanan Street, Glasgow, G1
Under offer 4,851 sf
Retail Investments for Sale
Buchanan Street, Glasgow, G1
Under offer
Rare opportunity to acquire two 100% prime retail units UK's strongest retail street outside of London's West End
2.3m Catchment - Glasgow is the largest city in Scotland and benefits from an extensive
catchment population of 2.3 million people.
Biggest and best retail market - The city has the biggest and best retail market in the UK
outside of London's West End, and Buchanan Street is the undoubted prime pitch.
Zero vacancy - Buchanan Street has zero vacancy and rents have rebounded more than 20% in the last 18 months, with Zone A rates again breaking through £300 per sq ft.
Two internationally recognised luxury brands - Let to Hotel Chocolat and L'Occitane, two
internationally recognised luxury brands, producing £520,000 p.a.
Opportunity to secure significant reversion - The L'Occitane lease benefits from a rent review on 13th October 2024, with the passing rent reflecting a Zone A rate of only £222 per sq ft, there is an opportunity to secure significant reversion.
Heritable Tile - Heritable Title (Scottish equivalent of English Freehold).
Offers are sought in excess of £7,500,000 exclusive of VAT for our client's Heritable Interest.
A purchase at this level would reflect the following yield profile:
Net Initial Yield of 6.50%,
Reversionary Yield of 7.65%
Equivalent Yield of 7.63%
Yields are calculated based upon purchaser's costs of 6.65% and our opinion of ERV at £315 per sq ft Zone A.
Specifications
Two well configured retail units.
Buchanan Street has zero vacancy
Location
Located in Glasgow's city centre in a 100% prime position on the best section of Buchanan Street, which is bounded by St Vincent Street to the North and Argyle Street to the South.Amenities
Prime Reversionary Retail InvestmentLet to Hotel Chocolat and L'Occitane
Rental Income £520,000 pa
Related links
Investment property for SaleInvestment property for Sale in GlasgowAvison Young
0141 300 8000