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Description
INCOME PRODUCING INVESTMENT*** Well Established Late Night Venue Bluedog cocktail bar WELL ESTABLISHED LOCATION over ground floor and basement. Currently producing £75,000pa on a FRI lease until 2047
PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £75,000 per annum. Rent review every 5 years.
The property forms the ground floor and basement of a larger multi-storey modern commercial development. Internally the premises have been fitted out to a high standard thoughout.
Accessed from street level the property offers an open plan bar area with a mixture of booth and loose seating along with performer stage. WC’s, staff room, office, cloaks and cellar. 268.3sqm (2,888)
Blue Dog is a well-known cocktail bar in Glasgow, located on West George Street in the city center. It's renowned for its stylish, speakeasy-inspired atmosphere and exceptional cocktail menu.
INCOME PRODUCING INVESTMENT*** Well Established Late Night Venue Bluedog cocktail bar WELL ESTABLISHED LOCATION over ground floor and basement. Currently producing £75,000pa on a FRI lease until 2047. PRIME INVESTMENT PROPERTY in excellent trading position on busy shopping street. **PERFECT ADDITION TO ANY PORTFOLIO** with excellent yield producing £75,000 per annum. Rent review every 5 years. The property forms the ground floor and basement of a larger multi-storey modern commercial development. Internally the premises have been fitted out to a high standard thoughout. Accessed from street level the property offers an open plan bar area with a mixture of booth and loose seating along with performer stage. WC’s, staff room, office, cloaks and cellar. 268.3sqm (2,888) Blue Dog is a well-known cocktail bar in Glasgow, located on West George Street in the city center. It's renowned for its stylish, speakeasy-inspired atmosphere and exceptional cocktail menu.
Tenancy Details
Type of Agreement: Full Repairing & Insuring (FRI)Length: 23 years
Rent: £75,000 per year / £6,250 per month
Yield: 15% (approx)
Tenant: Company
Notes: Tenant: JESSIESGW23 LIMITED Expiry: 13/06/2047 Passing Rent: £75,715 pa until 30/09/2028 Rent Reduces to £65,000 from 01/10/2028 Landlord Break: 04/02/2043 (6 month notice) Next RR 01/10/2028
Maps & Location
Map Street View SatelliteThe property is situated on the south side of West George Street between its junctions with Hope Street and Renfield Street within Glasgow City Centre. Parking is available on street or in one of the multi-storey car parks close by at Buchanan Galleries or Mitchell Street. West George Street is well-served by public transportation, with several bus routes passing through. Glasgow Central and Queen Street railway stations are also within walking distance, providing excellent connectivity to other parts of the city and beyond.
Document Downloads
Pricing Information & Bidding
Opening Bid: £510,000
What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price). How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.View Live Online Auction
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Terms & Conditions of Sale
- 5% Deposit (Minimum £3,000)
- 8 Weeks Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)
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STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
General Terms & Conditions of Sale
Lot Specific Terms - 151West George St, BlueDog Investment, Glasgow City Centre