Jordan Keating
jordank@jacksoncriss.co.uk
020 7637 7100
Cranston House
Jackson Criss are delighted to market this prime retail parade in Glasgow.
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The property occupies a prime position on Argyle Street sitting at the conjunction of Buchanan Street and forming part of Glasgow’s retail ‘Golden Z’.
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Uniqlo’s brand new 25,000 sq ft store is situated directly opposite the subject property and opened in October 2025.
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Fully let to national covenants Schuh, Vodafone, Clarks & ITX UK (Zara) Comprising 4 retail units with 2 floors of office suites in the upper parts.
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The WAULT to expiries is 4.4 years with 2.7 years to breaks at a passing rent of £625,546 per annum.
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Glasgow is one of the strongest retail destinations outside London with exceptionally low vacancy on both Buchanan Street (2.0%) and Argyle Street (3.5%) which have also benefitted from sustained rental growth in recent years.
WE ARE INSTRUCTED TO SEEK OFFERS IN EXCESS OF £6,890,000 (SIX MILLION EIGHT HUNDRED AND NINETY THOUSAND POUNDS), EXCLUSIVE OF VAT FOR THE HERITABLE INTEREST. THIS REFLECTS A NET INITIAL YIELD OF 8.50%.
Yield:
8.50 %
Price:
£6,890,000
Contact:
PHILIP HAY BSc (HONS) MRICS
M: +44 (0) 7770 580590
phay@jacksoncriss.co.uk
RHODRI JONES
M: +44 (0) 7590 244643
rjones@jacksoncriss.co.uk