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TO UE NS D O N I AI IAT G T O EA BL NEG ILA E VA RTIV A O AB

LOCATION

D U E T O R E L O C AT I O N

LEASE FOR SALE


PRIME SHOP UNIT 137 BUCHANAN STREET, GLASGOW

A AB VAIL OR AB TIV LE E N AG EG AIN OT D IA UE TIO T NS O

Glasgow is Scotlands largest city and benefits from an immediate population of around 660,000 and an estimated shopping catchment in excess of 2M. Buchanan Street continues to grow from strength to strength with recent lettings to quality retailers including Apple (1st Scottish Store), Molton Brown, All Saints and Mappin and Webb. Retailers situated in the immediate vicinity of the subjects include TM Lewin, Hobbs, Diesel, Jones Bootmakers and Tiso. DESCRIPTION The subjects are arranged over ground, basement and first floors contained within a 7 storey Grade B listed property. We estimate they provide the following approximate floor areas: Net Frontage Gross Frontage Return Frontage (to St Vincent Street) Ground Floor Basement First Floor 33 ft 6 39 ft 7 31 ft 1,383 sq ft 578 sq ft 2,360 sq ft (10.21m) (12.06m) (9.45m) (128.53 sqm) (53.71 sqm) (219.33 sqm) TERMS Offers are invited for the benefit of our clients leasehold interest. PLANNING The subjects currently benefit from Class 2 consent however we are aware there is a Section 69 agreement in place prohibiting this use. Therefore the subjects can only be utilised for Class 1 retail. Interested parties are advised to verify this directly with the local Planning Department. LEGAL COSTS Each party will be responsible for their own legal costs incurred in connection with this transaction. The ingoing tenant will be responsible for stamp duty land tax and any VAT incurred thereon. ENTRY By agreement. VIEWING & FURTHER INFORMATION For further information or to arrange to view the premises please contact Kevin Sims on 0141 248 6611. kevin@culverwell.co.uk

Please note that sub-letting the first floor offices separately from the ground and basement is permitted under the terms of the lease. Further details are available on request. RATING The subjects are entered in the Valuation Roll as follows: Rateable Value 303,000 Rate Poundage 44.5p RENT The current passing rent is 351,000 per annum. This is split 320,000 per annum for the ground and basement floors and 31,000 per annum for the first floor offices. LEASE TERMS The property is held on a full repairing and insuring lease expiring on 14th May 2015. Rent reviews are 5 yearly with the next due with effect from November 2009.

16 GORDON STREET GLASGOW G1 3PT TEL: 0141-248 6611 FAX:0141-248 6612 web:www.culverwell.co.uk email:glasgow@culverwell.co.uk

Misrepresentation Act 1967: See Important Note Overleaf

March 2008

Goad Digital Plans are for identification only and not to be scaled as a working drawing and are based upon the Ordnance Survey Map with the permission of The Controller of Her Majestys Stationery Office Crown Copyright 39954X. No part of this plan may be entered into an electronic retrieval system without prior consent of the publisher.

Culverwell for themselves and for the vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract;(ii) all descriptions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them and are advised to do so; (iii) no person in the employment of Culverwell has any authority to give representation or warranty whatever in relation to this property; (iv) all prices, rents and premiums quoted are exclusive of VAT at current rate.