102 Argyle Street, Glasgow, Lanarkshire, G2 8BH

Guide Price £1,100,000 Plus Fees
For sale by unconditional online auction, registration is now open. Bidding opens on 30/04/2025 09:00 and ends on 30/04/2025 09:34.

For sale by online auction on 30 April 2025
Let to a Blue Chip Tenant until 2030, with no breaks
Rent £130,000 pa
Prime city centre position on Glasgow's 'Style Mile', at the entrance to Argyll Arcade
11.81% Yield at the Guide Price
Heritable-Scottish equivalent of English Freehold


Town & Country Property Auctions are pleased to present this high yield commercial opportunity primely located on Glasgow's 'Style Mile' at the entrance to the Argyll Arcade. This 3 storey commercial property is currently let to Hutchinson 3G UK until December 2030 with no break clause, the is £130,000 per annum which is a 11.81% yield of the current guide price.

The city of Glasgow is the largest city in Scotland, being located on the River Clyde, 41 miles west of Edinburgh The city is a major port, commercial and administrative centre and is served by the M8, M74 and M77 motorways Glasgow benefits from two principal mainline rail terminals, Glasgow Central and Glasgow Queen Street. The city also has it's own international airport.
Argyll Arcade Occupiers close by include: Nationwide, House of Fraser, Zara, Superdry, Primark and
Santander amongst many others.

ACCOMMODATION
Basement: 146 sq ft, Ground Floor: 888 sq ft, First Floor: 922 sq ft.
Total accommodation of 181.75 sq m (1,956 sq ft) over basement, ground and first floor

RENT: £130,000



Tenure
Heritable-Scottish equivalent of English Freehold

Terms

Legal Pack

To review the legal documents and to view the auction information click on the buttons at the bottom of this advert or visit our website tcpa.co.uk

UNCONDITIONAL LOT Exchange and administration fee information: (plus fees)
Buyers Administration Fee Applies upon the fall of the hammer, the Purchaser shall pay a 10% deposit (subject to minimum of £5,000, whichever is the greater) and a Buyers Administration Fee of £1200 + VAT and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated in the legal pack or on the sales details).
In addition to the purchase price, buyers may be required to pay additional fees, costs and charges - please refer to the legal pack.


Registration Process
To register to bid on the property, find the property on the Town & Country Property Auctions website. Click onto the property, follow the link to “Log in/ register to bid”. You will then be directed to create an auction passport account with our online-bidding platform provider Essential Information Group.