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45-51 Bell St 10,711 SF 100% Leased Retail Building Glasgow G1 1PA $1,996,911 ($186.44/SF)
Investment Highlights
- Attractive investment located in a prime leisure location in Glasgow's vibrant Merchant City.
- Passing rent of £150,000 per annum.
- Weighted Average Unexpired Lease Term (WAULT) = 6.44 years.
- Investment includes popular public houses trading as Connolly's Irish Bar and Murphy's Irish Bar.
- Competitive property management fees.
- Offers over £1.5M, reflecting a net initial yield of 9.43%.
Executive Summary
The subjects comprise 3 x separate units trading as licensed ground floor public house / restaurant premises prominently positioned on the corner of Bell Street and Albion Street forming part of the ground floor and basements of a larger traditional sandstone constructed tenement building.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Storefront Retail/Residential
Building Size
10,711 SF
Building Class
B
Year Built
1949
Price
$1,996,911
Price Per SF
$186.44
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Frontage
125’ on Bell St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Arta
- -
- 500 SF
- -
- -
- Bar Gandolfi
- -
- 500 SF
- -
- -
- Connolly's Irish Bar
- -
- 500 SF
- -
- -
- The Libertine
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Arta | - | 500 SF | - | - | ||
| Bar Gandolfi | - | 500 SF | - | - | ||
| Connolly's Irish Bar | - | 500 SF | - | - | ||
| The Libertine | - | - | - | - |
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Nearby Major Retailers
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45-51 Bell St
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