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45-51 Bell St 10,711 SF 100% Leased Retail Building Glasgow G1 1PA $2,768,690 CAD ($258.49 CAD/SF) 9.43% Cap Rate
Investment Highlights
- Attractive investment located in a prime leisure location in Glasgow's vibrant Merchant City.
- Located centrally in Glasgow
Executive Summary
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.
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
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
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
10,711 SF
Building Class
B
Year Built
1949
Price
$2,768,690 CAD
Price Per SF
$258.49 CAD
Cap Rate
9.43%
NOI
$261,087 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
6 Stories
Frontage
125’ on Bell St
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Arta
- Retailer
- 500 SF
- -
- -
- Bar Gandolfi
- Retailer
- 500 SF
- -
- -
- Connolly's Irish Bar
- Retailer
- 500 SF
- -
- -
- The Libertine
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Arta | Retailer | 500 SF | - | - | ||
| Bar Gandolfi | Retailer | 500 SF | - | - | ||
| Connolly's Irish Bar | Retailer | 500 SF | - | - | ||
| The Libertine | Retailer | - | - | - |
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Nearby Major Retailers
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45-51 Bell St
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