Investment For Sale, Glasgow
4 photos
£1,500,000 Freehold
45-51,Bell Street, Glasgow, G1 1NX
Type
Investment
Status
Available
Size
0 sq ft
Key Features
- Attractive investment located in a prime leisure location in Glasgow's vibrant Merchant City
- Investment includes popular public houses trading as Connolly's Irish Bar and Murphy's Irish Bar
- Passing rent of £150,000 per annum
- Competitive property management fees
- Weighted Average Unexpired Lease Term (WAULT) = 6.44 years
- Offers over £1.5M, reflecting a net initial yield of 9.43%
Property Details
Glasgow is Scotland's largest city with a population in excess of 600,000 people and is located on the upper reaches of the River Clyde in west central Scotland.
The city has mainline railway stations at Glasgow Central and Glasgow Queen Street with connections throughout the UK. Central and Queen Street Railway Stations connect to the national railway network. There is a major bus terminus at Buchanan Bus Station. The city has excellent motorway links to the transport network. The M8 motorway runs through the fringes of the city centre on its west and north sides and links up with the M80, M77, M73 and M74 all within 10 miles. Glasgow International Airport is situated around seven miles to the south west of the city centre adjacent to the M8.
In recent years Glasgow underwent an economic renaissance, establishing itself as a centre for business services and finance, which promoted an increase in tourism and inward investment. A prominent example of this is Barclays Bank, which has chosen the city for its European headquarters, establishing a new 50,000 sq.m. campus to house its technology, operations, and functions teams, bringing new high-value roles to the city.
Glasgow is one of Europe's most popular conference and events locations with world class conferencing and events facilities at the Hydro and SECC conference facilities. It also attract the largest number of delegates and events in the U.K. outside of London.
The area known as the Merchant City has undergone continuing regeneration over the last 30 years and is typified by conversions of previous commercial and warehouse buildings into residential developments. On the back of this, there has been a plethora of bars and restaurants developed along with boutique type retail and hotel operations, interspersed with some office accommodation.
In keeping with this the immediate surrounding area comprises a mixture of retail, leisure, residential and office uses. Nearby leisure operators include Blackfriars, Arta, and Home. Merchant Square licensed venue is located opposite which comprise a number of bar / restaurant premises centred around an indoor square and includes O'Neill's Irish Bar directly opposite the subjects.
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.
The city has mainline railway stations at Glasgow Central and Glasgow Queen Street with connections throughout the UK. Central and Queen Street Railway Stations connect to the national railway network. There is a major bus terminus at Buchanan Bus Station. The city has excellent motorway links to the transport network. The M8 motorway runs through the fringes of the city centre on its west and north sides and links up with the M80, M77, M73 and M74 all within 10 miles. Glasgow International Airport is situated around seven miles to the south west of the city centre adjacent to the M8.
In recent years Glasgow underwent an economic renaissance, establishing itself as a centre for business services and finance, which promoted an increase in tourism and inward investment. A prominent example of this is Barclays Bank, which has chosen the city for its European headquarters, establishing a new 50,000 sq.m. campus to house its technology, operations, and functions teams, bringing new high-value roles to the city.
Glasgow is one of Europe's most popular conference and events locations with world class conferencing and events facilities at the Hydro and SECC conference facilities. It also attract the largest number of delegates and events in the U.K. outside of London.
The area known as the Merchant City has undergone continuing regeneration over the last 30 years and is typified by conversions of previous commercial and warehouse buildings into residential developments. On the back of this, there has been a plethora of bars and restaurants developed along with boutique type retail and hotel operations, interspersed with some office accommodation.
In keeping with this the immediate surrounding area comprises a mixture of retail, leisure, residential and office uses. Nearby leisure operators include Blackfriars, Arta, and Home. Merchant Square licensed venue is located opposite which comprise a number of bar / restaurant premises centred around an indoor square and includes O'Neill's Irish Bar directly opposite the subjects.
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.
Location
Graham & Sibbald-Glasgow
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