Prime retail units TO LET

Transcription

1 The Sauchiehall Building Sauchiehall GLASGOW G2 3ER Prime retail units TO LET Join the existing retailers in The Sauchiehall Building and surrounding area DUNNES STORES Available opportunities

2 Annual footfall of 16.8 million Prime retail pitch on Sauchiehall, opposite M&S and Boots Two retail units of 4,000 sq ft and 13,000 sq ft TO LET 377 space car park above Retailers include Primark, WH Smith, Superdrug & TK Maxx The building includes a 28,000 sq ft Pure Gym THE OPPORTUNITY LOCATION FOOTFALL KEY DRIVERS ACCOMMODATION SCHEDULE

3 Glasgow is Scotland s largest city with a resident population in the order of 660,000 people. The city has an estimated shopping catchment in the region of 2.25 millionwithin a 45 minute drive time radius and is regarded as second only to London in the UK retail hierarchy. (Source: CACI) Sauchiehall is one of Glasgow s principal retailing thoroughfares forming part of Glasgow s Golden Z retail core. GOAD PLAN THE OPPORTUNITY LOCATION FOOTFALL KEY DRIVERS ACCOMMODATION SCHEDULE

4 The available units are located within the pedestrianised section of Sauchiehall, in the prime pitch between Wellington and West Campbell, opposite Boots and Marks & Spencer. Adjoining retailers include Primark, WH Smith, Superdrug and TK Maxx. Ladbrokes Rose BCB Hair Salon Greggs Cambridge Paddy Power Xcercise4less Bodycare Renfrew Citizen M Blytheswood Associates Wylie Bisset Lucky 7 Flat 0/1 Jeremy Sniders Antiques Ladbrokes Roger Billcliffe Mac s Sauchiehall Lane To be converted to Charles Rennie Mackintosh Centre Sauchiehall Under Redevelopment Entrance to Unit C Card Factory Entrance to Unit B Under Redevelopment Virgin Media Rouge by Colours Santander i-mobile Savoy Shopping Centre Lush Poundshop Vodafone Newsbox Thorntons Jack McPhee USE Beauty Hope Savers Ladbrokes Molly Malone s Clarks Gifts for u Greggs Renfrew British Telecom Renfrew Lane Specsavers Holland & Barrett The Works Greaves Pavilion Theatre Lauder s Kushion Bath Wellington Clydesdale Bank Soups U One Ten Marks Hotel Taylor Ferguson Malones Bar Cafe Zeus Pure Skin Clinic Oscars The Howlin Wolf Watt Brothers Watt Brothers Hope Forevermore Tattoo Shopsmart Subway Nationwide EE McDonalds Mountain Warehouse Cards & Gifts Sauchiehall BHS Renfield Location Carruthers Gemmill Doctors Surgery Leeds Building Society Beti Reilly airdressing Bajo Bar Bath Rishis

5 Footfall figures over 4 key areas in the city amounted to over 59,000,000 in 2014 Source: Footfall data provided by Springboard In comparison to and Buchanan Sauchiehall benefits from the highest and most stable footfall levels in the city centre and the greatest amount of footfall of 16.8 million over the past twelve months. Source: Footfall data provided by Springboard THE OPPORTUNITY LOCATION FOOTFALL KEY DRIVERS ACCOMMODATION SCHEDULE

6 The Sauchiehall Building Sauchiehall GLASGOW G2 3ER Key Footfall Drivers Click below for further information Proximity to Office Core/CBD Large Format Anchors/Shopping Malls Transport Hubs Cultural / Leisure Student Information THE OPPORTUNITY LOCATION FOOTFALL KEY DRIVERS ACCOMMODATION SCHEDULE

7 Proximity to Office Core/CBD Glasgow s Traditional CBD Buchanan Glasgow s traditional CBD comprises 16 million sq ft of office accommodation Sauchiehall The Sauchiehall Building is located within Glasgow s traditional CBD Notable occupiers include: Scottish Power Santander Tesco Bank Student Loans Morgan Stanley Barclays Bank JP Morgan Network Rail SSE 220,000 sq ft 170,000 sq ft 125,000 sq ft 120,000 sq ft 116,000 sq ft 100,000 sq ft 100,000 sq ft 53,000 sq ft 50,000 sq ft Access to a pool of over 400,000 workers in Glasgow and a further 2 million are within an hour s commute Source: NOMIS NEXT THE OPPORTUNITY LOCATION FOOTFALL KEY DRIVERS ACCOMMODATION SCHEDULE

8 Large Format Anchors/Shopping Malls tr nan S Bucha 9 10 Sauchiehall is anchored by all ieh uch Sa The Sauchiehall Building 1. The Sauchiehall Building Primark TK Maxx Superdrug WH Smith Pure Gym RBS Boots os Marks & Spencer Waterstones Dunnes Stores Tesco Sainsbury s 9. Buchanan Galleries and large format Boots, Marks & Spencer, os, Tesco Waterstones, Dunnes and Sainsbury s With over 1,500 shops to choose from, Glasgow s a shopaholic s paradise, according to Lonely Planet, and is consistently voted as one of the top places to shop in the UK, second only to London s West End Buchanan Quarter 11. Princes Square 12. St Enoch Centre THE OPPORTUNITY NEXT LOCATION FOOTFALL KEY DRIVERS ACCOMMODATION SCHEDULE

9 Transport Hubs 3 5 tr nan S Bucha S 1 frew Ren all ieh uch Sa et tre ts en eg tr es W et tre es rg eo tg es W P et e Hope et e gton n i l l We The Sauchiehall Building and Glasgow city centre are extremely well served via rail, bus and the subway t ee th Ba P r ll St e b mp t Ca Wes P 1. Buchanan Bus Station 0.3 miles/5 mins (footfall of 40,000 per day) 2. Central Station 0.4 miles/6 mins ( 27.2m entries/exits in 2013/14) 3. Queen Station 0.3 miles/5mins (15.8m entries/exits in 2013/14) 4. Charing Cross Station Arterial routes Pedestrian Precinct r e St g d i br Cam S 2 tr eld S Renfi P Parking 6 5. S 6. S Buchanan Subway Cowcaddens Subway 0.3m/5 mins 4 NEXT THE OPPORTUNITY LOCATION FOOTFALL KEY DRIVERS ACCOMMODATION SCHEDULE

10 Cultural / Leisure Cultural Attractions Hotels tr nan S Bucha all ieh uch Sa 2 2 The Sauchiehall Building is located in close proximity to several of Glasgow s best known theatres, performance centres and tourist attractions Theatre Royal Pavilion Theatre Kings Theatre Royal Concert Hall O2 ABC Cineworld Willow Tearooms Proposed Charles Rennie Mackintosh Visitor Centre 9. Glasgow Film Theatre Thistle Citizen M Premier Inn Apex Abode Hampton Hilton 7. Blythswood Hotel 8. Malmaison 9. Dakota Hotel 10. Novotel 11. Travelodge 12. Easy Hotel THE OPPORTUNITY Several major budget and upmarket hotels are located in close proximity to The Sauchiehall Building. LOCATION FOOTFALL NEXT KEY DRIVERS ACCOMMODATION SCHEDULE

11 Student Information Proposed 370 bed student accommodation - Cathedral Student Accommodation Educational Institution tr nan S Bucha 70 premium student apartments 17,000+ students 835 students at The Royal Conservatoire of Scotland The Sauchiehall Building benefits from the footfall generated by nearby major educational institutions all ieh uch Sa 8 mins walk t ee th Ba at Glasgow Caledonian University 1,940 students at Glasgow School of Art and 300 staff GSA has taken a 95 year lease over the McLellan Galleries, 150 yards from the property on Sauchiehall, and plans to invest 20m is restoring the Grade-B listed property. 4 mins walk Planning permission granted for a 13 storey student accommodation building - Bath LOCATION 20,000+ students at athclyde University 32,000+ students at Glasgow City College 1,580 pupils at St Aloysius College 4 mins walk BACK TO KEY DRIVERS THE OPPORTUNITY FOOTFALL KEY DRIVERS ACCOMMODATION SCHEDULE 200 bed - Blythswood House Under construction

12 Availability Schedule AVAILABLE NOW UNIT B 171 Sauchiehall Ground Level 265 sq ft (24.6 sq m) Basement Level 4,021 sq ft (373.6 sq m) TOTAL 4,286 sq ft (398.2 sq m) LEVEL 1 BATH STREET UNIT E Bath Ground level entrance UNIT C 185 Sauchiehall Consent for Class 1 (retail) use. Ground Level 552 sq ft (51.28 sq m) Basement Level 13,340 sq ft (1, sq m) TOTAL 13,892 sq ft (1, sq m) UNIT A Level 1 (First floor) UNIT E Level 1 Consent for Class 1 (retail) use and/or Class 3 (food & beverage) use. UNDER DEVELOPMENT AVAILABLE Q GROUND LEVEL UNIT A 165 Sauchiehall Ground Level 2,046 sq ft (190.1 sq m) Level 1 2,251 sq ft (209.1 sq m) TOTAL 4,297 sq ft (399.2 sq m) UNIT A Ground level entrance UNIT D Ground level Class 1 (retail) unit, with planning consent secured for coffee shop use. UNIT B Ground level entrance SAUCHIEHALL STREET UNIT C Ground level entrance UNIT D 197 Sauchiehall Ground Level 1,493 sq ft (138.7 sq m) Class 1 (retail) unit, with potential for Class 3 (food and beverage) unit subject to planning. BASEMENT LEVEL UNIT C Basement level UNIT E 150 Bath Ground Level 4,138 sq ft (384.4 sq m) UNIT B Consent for bar/restaurant use. Basement level THE OPPORTUNITY LOCATION FOOTFALL KEY DRIVERS ACCOMMODATION SCHEDULE

13 Additional information Lease Terms The units are available to let by way of new Full Repairing & Insuring Leases for a term to be agreed. Business Rates The tenants will be liable for payment of business rates. Service Charge The tenants will be liable for a fair and equitable proportion of the common service charge. EPC Rating A copy of the EPCs are available on request. VAT For the avoidance of doubt, all figures and prices quoted are exclusive of VAT. Legal Costs Each party will be liable for its own legal expenses incurred in any transaction, with the tenants being liable for LBTT, registration dues and any VAT therein related to the lease. THE OPPORTUNITY LOCATION FOOTFALL KEY DRIVERS ACCOMMODATION SCHEDULE

14 Contact For further information please contact joint letting agents The Sauchiehall Building Sauchiehall G LA S G OW G 2 3 E R Martin Gudaitis mg@ppcllp.uk.com Mobile: Designed and produced by pod-creative.com Gavin Anderson Gavin.Anderson@montagu-evans.co.uk Mobile: Misrepresentation Act 1967: Montagu Evans LLP and Paradigm Property Consultants LLP for themselves and for the vendor(s) or lessor(s) of this property whose agents they are, give notice that: 1. These particulars do not constitute, nor constitute any part of, an offer or contract. 2. None of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact. 3. Any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 4. The vendor(s) or lessor(s) do not make or give and neither Montagu Evans LLP or Paradigm Property Consultants LLP nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. The Business Protection from Misleading Marketing Regulations 2008 and Consumer Protection from Unfair Trading Regulations 2008: These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. AUGUST 2015 THE OPPORTUNITY LOCATION FOOTFALL KEY DRIVERS ACCOMMODATION SCHEDULE