Retail Space FOR SALE in 37 - 45 Saltmarket, Glasgow City Centre, Glasgow

Property Description

37 - 45 Saltmarket, Glasgow – Public House – 2,116 sq ft – G1 5NA
This public house in the heart of Glasgow offers a prominent opportunity for leisure use, spanning 2,116 sq ft (196.58 sq m). The property is set to become available from March 2025, situated within the vibrant Saltmarket area, just a 5-minute walk from Glasgow’s City Centre. The surrounding area boasts a blend of commercial and leisure establishments, with ongoing regeneration adding to the appeal of the location.
The site benefits from a Premises Licence held by Network Rail, which is transferable to the incoming tenant and can also be transferred back at the end of the tenancy. The property’s lease terms are flexible, with a 10-year lease preferred and annual 3% rent increases to maintain competitive rates.
Key Features:
Total Area: 2,116 sq ft (196.58 sq m)
Property Type: Public House / Leisure
Premises Licence: Transferable and returnable to Network Rail
Location: Saltmarket, a short walk from Glasgow City Centre, close to Merchant City, Barrowland Ballroom, and Markets
Nearby Amenities: Excellent transport links, regeneration zone with new student accommodation nearby
Access: Served by Argyle Street and High Street Stations, with additional connections to the City Centre
Business Rates: Rateable value of £23,400 (please confirm with local authority)
Insurance: £569.00 per annum contribution
Leasing Details:
Rent: £20,000 Per Annum + VAT
Deposit: 3 months’ rent (subject to status)
Available From: March 2025
Tenure: 10-year lease preferred
Rent Review: Annual rent increases of 3%, with a review at Year 5
Notice Period: Tenants may serve 6 months' notice to end tenancy
User Planning: Leisure uses will be considered; planning consent required from the Local Authority
Location Description:
The property is located in Saltmarket, a thriving area of Glasgow’s East End, offering easy access to the City Centre. The location is near key landmarks, including Merchant City, Barrowland Ballroom, and the Markets. The area is currently undergoing a regeneration programme, with new student accommodation being developed nearby, enhancing the potential for increased foot traffic and demand.
Additional Information:
LEZ Zone: The property falls within the Low Emission Zone (LEZ), which may restrict vehicle access for certain types of traffic.
Other Costs: Each party to bear their own costs for the transaction.
For further information or to arrange a viewing, please contact Fraser Bond.