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45-51 Bell St 10,711 sq ft 100% Let Retail Property Glasgow G1 1PA £1,500,000 (£140.04/sq ft)
Investment Highlights
- Attractive investment located in a prime leisure location in Glasgow's vibrant Merchant City.
- Passing rent of £150,000 per annum.
- Weighted Average Unexpired Lease Term (WAULT) = 6.44 years.
- Investment includes popular public houses trading as Connolly's Irish Bar and Murphy's Irish Bar.
- Competitive property management fees.
- Offers over £1.5M, reflecting a net initial yield of 9.43%.
Executive Summary
The subjects comprise 3 x separate units trading as licensed ground floor public house / restaurant premises prominently positioned on the corner of Bell Street and Albion Street forming part of the ground floor and basements of a larger traditional sandstone constructed tenement building.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
10,711 sq ft
Costar Property Class
B
Year Built
1949
Price
£1,500,000
Price per sq ft
£140.04
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
6
Frontage
125 ft on Bell St
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
- Arta
- -
- 500 sq ft
- -
- -
- Bar Gandolfi
- -
- 500 sq ft
- -
- -
- Connolly's Irish Bar
- -
- 500 sq ft
- -
- -
- The Libertine
- -
- -
- -
- -
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
| Arta | - | 500 sq ft | - | - | ||
| Bar Gandolfi | - | 500 sq ft | - | - | ||
| Connolly's Irish Bar | - | 500 sq ft | - | - | ||
| The Libertine | - | - | - | - |
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Nearby Major Retailers
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45-51 Bell St
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