Prime Retail Location - Glasgow is the largest retail market in the UK outside of London's West End and Buchanan Street is the prime pitch. Zero vacancy - Buchanan Street has zero vacancy and rents have rebounded pre-covid levels. Undoubted covenant - Let to Nike Retail BV with parent company guarantee Lease extension - The tenant has been in occupation since 2010 and has committed to a lease extension until November 2034, with a tenant break in November 2029. They are currently undertaking a major re-fit.
20-26 Buchanan Street, City Centre, Glasgow, Scotland, G1
- Ref: 2061126
- Types: Retail Investment (High Street)
- Size: 27,163 sq ft
- Freehold: £12,500,000 for the freehold
Key Features
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Let to Nike with passing rent of £875,000 pa
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Lease extended to Nov 2034 with TBO in November 2029
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Tenant undertaking major refit to store
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Heritable tenure.
Location
20-26 Buchanan Street, City Centre, Glasgow, Scotland, G1
Data Room
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