MOUNTING evidence that demand for retail properties in Glasgow is on the up can be found in the fact that Shepherd Chartered Surveyors has let a pair of retail outlets in the city just a few months after bringing them to the market.
Acting on behalf of a private landlord, Shepherd has let a 580 sq ft unit at 23 Renfield Street, a very popular city centre location, to Juice Garden on a 15-year lease at a rent of £25,000 pa.
And acting on behalf of ZR Properties, Shepherd has let a ground floor 1,270 sq ft unit on a prominent corner position on a busy thoroughfare at 336 Duke Street to VIP on a ten-year lease with rent stepped from £13K pa to £16K pa at year five.
Scott Grindlay, surveyor at Shepherd, said: “These lettings provide further welcome evidence of a resurgent demand for retail property within the Glasgow area.”
ENDS
For further information please contact Scott Grindlay on 0141 331 2807
Issued on behalf of Shepherd by Liquorice Media tel 0141 297 1699 www.liquorice-media.com
Date: 24th March 2014
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Contact: Susan Christie
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