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Merchant square Candleriggs 77,769 SF 100% Leased Retail Building Glasgow G1 1NY $6,809,763 ($87.56/SF) 11.38% Cap Rate
Investment Highlights
- Substantial indoor leisure venue in Glasgow’s Merchant City
- RPI linked rent review mechanisms, with projected 6% rental growth in 5 years
- Excellent public accessibility (8 minute walk from George Square)
- 12 licensed units, plus one vacant unit
- Strategically located within one of Scotland’s most vibrant leisure districts
- Total gross rental income: £706,347
Executive Summary
Property Facts
Amenities
- Security System
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The premises are situated in an excellent position within the Merchant square licensed venue. There is a dedicated access door on Albion Street leading to a ground floor lobby and stair to the basement. Over the basement there is an open plan trading area, which includes a bar servery, seating areas and a variety of other large trading areas. Service areas include customer toilets, stores and a beer cellar. The premises are extensive and extend to a total area of 799.52 sq. m. (8,606 sq. ft.).
The premises are currently fitted as a bar/restaurant and are in a good condition throughout. There is ample service accommodation, including customer toilets and a commercial kitchen.
The restaurant is arranged over ground, basement and mezzanine floors. The main trading area is arranged at ground level with dual access from Bell Street and the main square.
| Space | Size | Space Use | Position | Available |
| Basement | 8,606 SF | Retail | In-Line | 30 Days |
| Ground | 9,770 SF | Retail | In-Line | 30 Days |
| 17 | 2,550 SF | Retail | In-Line | 30 Days |
Basement
| Size |
| 8,606 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
Ground
| Size |
| 9,770 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
17
| Size |
| 2,550 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
Basement
| Size | 8,606 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
The premises are situated in an excellent position within the Merchant square licensed venue. There is a dedicated access door on Albion Street leading to a ground floor lobby and stair to the basement. Over the basement there is an open plan trading area, which includes a bar servery, seating areas and a variety of other large trading areas. Service areas include customer toilets, stores and a beer cellar. The premises are extensive and extend to a total area of 799.52 sq. m. (8,606 sq. ft.).
Ground
| Size | 9,770 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
The premises are currently fitted as a bar/restaurant and are in a good condition throughout. There is ample service accommodation, including customer toilets and a commercial kitchen.
17
| Size | 2,550 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
The restaurant is arranged over ground, basement and mezzanine floors. The main trading area is arranged at ground level with dual access from Bell Street and the main square.
Nearby Major Retailers
Presented by
Company Not Provided
Merchant square | Candleriggs
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