Page 23 - Shepherd Commercial Auctions - Catalogue 04/12/2025

Lot 19
151 West George Street, Glasgow, G2 2JJ
Licensed Investment Opportunity
Features
• Modern Late Night Venue
• Located In The Heart Of Glasgow City Centre
• Currently Let to Jessieswg23 Ltd t/a BlueDog until 2047
• Current passing rent of £75,000 per annum
• NIA: 268.3 SQM (2,888 SQFT)
• Net Initial Yield 11.16%
Description
The subjects comprise the ground floor and basement of a larger multi-storey building
benefitting from dedicated pedestrian access via a glazed double-door off West George
Street.
Internally, the subjects have incorporated the existing tenant fit out as a bar. The fit-out
features an open plan trading area with a central bar, a combination of booth and loose
seating arrangements and a performance stage. To the rear of the premises, there are
ancillary spaces including staff facilities and W/C accommodation.
The basement level provides additional storage and operational space including a cellar
area to support the bar’s trading operations.
Location
Glasgow is Scotland’s largest city and the third largest city in the UK. Glasgow acts as
the administrative capital of the west coast of Scotland, located on the shores of the
River Clyde.
More specifically, the subjects are situated on the south side of West George Street
between Hope Street and Renfield Street. The surrounding area benefits from a blend of
office-based and retail occupiers such as Wagamama, Stack & Still and Space Solutions
Architectural Designer.
Energy Performance Rating The property has an energy rating of F.
Tenancy
Tenant: Jessiesgw23 Limited t/a BlueDog, Expiry: 13th June 2047
Passing Rent: £75,000 per annum, rent due to drop to £65,000 per annum from October
2028, Landlord Breaks: 4th February 2043
Rent Review: 1st October 2028, Rent reviews are five yearly on an upwards only basis. Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT2(% plus VAT) subject
to a minimum of £2,500 inc VAT(£2,083.33 plus VAT).
*Guide Price £640,000 (plus fees if applicable)
* Please see Buyer’s Terms for definition of guide price
and auction fees
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