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Description

This property is offered for lease New Lease on FRI terms Last verified 31 March 2008 ** A CLOSING DATE HAS BEEN SET FOR 12 NOON AT THURSDAY 29TH MAY 2008 ** The landlords have requested that Heads of Terms proposals are submitted to be received at Colliers CRE Glasgow, by no later than 12 noon, Thursday 29th May 2008. The specific selection criteria which SPT will apply are as follows:-

Comments
The subjects comprise a Grade A listed building enjoying a prime position in the heart of St Enoch Square close to the confluence of two of the city’s prime retail thoroughfares, Buchanan Street and Argyle Street.
This distinctive red sandstone building, constructed in 1896, features elements of the Scots Baronial and Art Nouveau styles. It lies immediately adjacent to the north and south entrances / exits of the busy St Enoch Underground Station which is one of the main stations serving the city centre and is used by close to 2 Million passengers per year. The popularity of this mode of transport is supported by the fact that this year the Underground is set to achieve in excess of 14 million passenger journeys.
The building currently operates as an SPT Travel Centre attracting over 250,000 visitors annually. This is moving to a new location within St.Enochs underground. Apart from the host of well known high street retailers in close proximity the area is also home to a variety of organisations including HBOS, Royal Bank of Scotland and the Bank of Scotland.
Given this the building would be eminently suitable for a cafe, bistro or delicatessen with the surrounding pedestrianised area offering the potential for alfresco eating / dining subject to planning. Equally the uniqueness of the building / location also offers an exciting opportunity for a niche retailer.
Immediately opposite is St Enoch Shopping Centre which is currently undergoing a £100 million redevelopment program featuring an extensive upgrade to St Enoch Square. Phase 1 is programmed for opening late 2009, and on full completion the extended Centre will provide over 1 Million sq ft of retail and leisure space and further reinforce the city’s reputation as a retail powerhouse in the UK. It is anticipated that the redevelopment of St Enoch Shopping Centre will create a natural southern extension to the Buchanan Street corridor which dominates Glasgow’s retail offer. The development proposals include Streetscape improvements to St Enoch Square, and a new main entrance from the nearby Buchanan Street / St Enoch Square corner location.
The location is well served by all forms of public transport and there is excellent provision of car parking within close proximity, notably 750 spaces within St Enoch Centre multi-storey; 670 in the Jamaica Street multi-storey; and approximately 230 spaces in the Q Park on Howard Street.

Property Parts
Ground Floor Area 623 Sq Feet
First Floor Area 610 Sq Feet
Total Area 1,233 Sq Feet

Features
Multi-storey Layout

Notice
Unless otherwise indicated, all information displayed is copyright © 2008 Scottish Property Network Limited.  Information provided, including information on any property identified as available for sale, lease or disposal can not be guaranteed accurate and should not be regarded as an offer to sell, lease, or otherwise dispose of that property.