The Studio 5 Newton Terrace Lane, Glasgow, Lanarkshire, G3 7PB
Property Summary
The property is divided into three separate suites all of which are let although with tenants having sub let part of the space within the building.
The property is subject to three leases, the main terms are as follows:
First Floor & Attic
Let for a period of 10 years from 18th October 2020 with tenant break option on 17th October 2026. The passing rent is £24,000 p.a.
Ground/Basement Floor Studio A
Let for 5 years from 1st March 2024 with tenant break option at 28th February 2027. The passing rent is £13,000 p.a.
Ground/Basement Floor Studio B
Let for a period of approx. 7.5 years from 1st June 2019 extended to 31st May 2029 with a tenant break option at 31st May 2027. The rent passing is £9,600 p.a.
The total rent passing is therefore £46,600 per annum.
As noted above individual tenants have sub let part of their space with the landlord's permission.
A copy of the leases are available upon request.
Full Details
The subjects comprise a detached mews property formed over four levels and includes a private car park capable of accommodating six vehicles.
The property is divided into three separate suites all of which are let although with tenants having sub let part of the space within the building.
The property is subject to three leases, the main terms are as follows:
First Floor & Attic
Let for a period of 10 years from 18th October 2020 with tenant break option on 17th October 2026. The passing rent is £24,000 p.a.
Ground/Basement Floor Studio A
Let for 5 years from 1st March 2024 with tenant break option at 28th February 2027. The passing rent is £13,000 p.a.
Ground/Basement Floor Studio B
Let for a period of approx. 7.5 years from 1st June 2019 extended to 31st May 2029 with a tenant break option at 31st May 2027. The rent passing is £9,600 p.a.
The total rent passing is therefore £46,600 per annum.
As noted above individual tenants have sub let part of their space with the landlord's permission.
A copy of the leases are available upon request.
Location
Glasgow is Scotland's largest city and the third largest city in the UK, it acts as the administrative capital for the West of Scotland and benefits from excellent transport links by road, rail and air.
The Studio is located on Newton Terrace Lane immediately south of Sauchiehall Street and accessible from both Granville Street and Elderslie Street, close to Charring Cross in the Park area of Glasgow in the city's West End.
Accommodation
Terms
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