Retail Space FOR RENT in 48/50 Gallowgate, Glasgow's City Centre, Glasgow

Property Description

48/50 Gallowgate, Glasgow – Leisure Property – 1,635 sq ft – G1 5NW
This leisure property offers a prime location in Glasgow’s Gallowgate area, offering 1,635 sq ft (151.9 sq m) of versatile space available from March 2025. The property is situated just a 5-minute walk from Glasgow's City Centre, with excellent access to key local amenities such as Merchant City, Barrowland Ballroom, and the Markets. With ongoing regeneration in the area, including the development of new student accommodation, this site provides an excellent opportunity for businesses seeking a vibrant and accessible location.
The property holds a Premises Licence that is transferable to the incoming tenant and can be transferred back to Network Rail at the end of the tenancy, providing ease of transition. The lease terms are flexible, with annual rent increases of 3% and the option for tenants to serve 6 months' notice to end the tenancy.
Key Features:
Total Area: 1,635 sq ft (151.9 sq m)
Property Type: Leisure
Premises Licence: Transferable to tenant and returnable to Network Rail
Location: Gallowgate, just 5 minutes from Glasgow City Centre, near Merchant City and Barrowland Ballroom
Nearby Amenities: Regeneration area with new student accommodation, excellent transport links
Business Rates: Payable by tenant (please contact the local authority for details)
Insurance: £439.65 per annum contribution
Leasing Details:
Rent: £23,000 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 review at Year 5
Notice Period: Tenants may serve 6 months’ notice to end the tenancy
User Planning: Leisure uses will be considered; tenant required to apply for necessary planning consent
Location Description:
Located in Gallowgate, Glasgow, this property benefits from its proximity to the City Centre and surrounding landmarks such as Merchant City, Barrowland Ballroom, and the Markets. The area is undergoing significant regeneration, with new student accommodation developments nearby, enhancing the potential for foot traffic and business. The property is easily accessible by public transport, with Argyle Street and High Street Stations just a short walk away.
Additional Information:
LEZ Zone: The property falls within the Low Emission Zone (LEZ), restricting vehicle access for certain types of traffic.
Other Costs: Each party to bear their own costs.
For further information or to arrange a viewing, please contact Fraser Bond.