Rarely Available Glasgow West End Retail Investment Expiring 2035 In Densely Populated Student Area
Summary
- Rarely Available West End Location
- Centre of Student Area
- Ground & Mezz
- 538sq ft
- Held on F.R.I Lease on Personal Name
- Expiry 2035
- Passing £10,200p.a. (ERV £15,000p.a.)
- Price: £170,000
Location
The property is located on the north side of Gibson Street close to its junction with Otago Street, within the Hillhead area of Glasgow's west end.
Gibson Street is located in the vibrant Hillhead district of Glasgow’s West End, nestled between the bustling areas of Kelvinbridge and Byres Road. This attractive residential and commercial street lies just west of the River Kelvin and is in close proximity to the University of Glasgow campus. The surrounding neighbourhood is one of Glasgow’s most desirable and cosmopolitan locations, known for its Victorian architecture, independent shops, cafés, and strong cultural scene.
The area benefits from a large and diverse catchment population, heavily influenced by the significant student and academic community associated with the University of Glasgow, alongside young professionals and families. This creates a dynamic, high-footfall environment with strong demand for local services and amenities. Excellent transport links further enhance its accessibility, with Hillhead Subway Station just a short walk away, frequent bus services along Great Western Road and Byres Road, and easy access to the city centre via the Glasgow Subway’s Inner and Outer Circles, as well as nearby rail connections.
Get directions from Google Maps
Mainline Stations
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Charing Cross (Glasgow)14 mins
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Exhibition Centre (Glasgow)15 mins
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Anderston19 mins
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Partick20 mins
Underground Station
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Chesham6266 mins
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Amersham6305 mins
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Chalfont and Latimer6329 mins
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Chorleywood6361 mins
Further Information
Price £170,000
Rates Payable Upon Enquiry
Description
The property comprises a ground floor retail unit within a larger mixed use sandstone development.
The unit under consideration offers a ground floor hair salon with w.c. facilities at ground floor and converted mezzanine offering 2 partitioned treatment rooms, and relaxation area.
The property is presented in excellent condition having been extensively refurbished by the tenant.
Area
Ground: 33.91sqm (365sq ft)
Mezz: 16.07sqm (173sq ft)
Total: 49.98sqm (538sq ft)
Lease Summary
The property is held on a full repairing and insuring head lease on a personal name expiring 2035 at a current passing rent of £10,200per annum with rent reviews every 5 years with 2025 rent review outstanding.
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