News / Clifton arcade
Historic shopping arcade for sale for £4.6m
Clifton Arcade was planned as a Victorian version of the modern shopping centre but when it opened in 1879 it was an instant flop.
It was only in 1992 that its original purpose was fulfilled and it opened its doors to shoppers.
In the intervening years it had mostly been used as a furniture warehouse as well as being used by Glasgow band Del Amitri to film the video for Nothing Ever Happens.
is needed now More than ever
The shopping arcade is now on the market with an asking price of £4.6m.
It comprises Primrose Cafe and the shop Village facing onto Boyce’s Avenue, 16 shops on the ground floor, and 17 boutique studios on the first and second floors.
A marketing brochure describes it as “a beautifully restored Victorian gem and home to a vibrant mix of independent boutiques and artisan markers”.
The brochure adds that “its glass roofed charm and creative community is a real discovery”.
The Grade II-listed Clifton Arcade was originally known as the King’s Clifton Bazaar and Winter Garden – photo: Lois Booth
The site is said to currently produce an annual total gross income of £488,064 per year, with the vendor willing to top-up the vacant rents and service charge amounts for 12 months after a sale.
The brochure adds that the Clifton Arcade “has been owned and run by the current owners for over 30 years and as a result there are a number of efficiencies and improvements which can be made”.
“These include refining the running costs, enhanced marketing and alternative leasing structure (rents, term length and repairs).
“There is an opportunity to enhance branding and in particular increase the digital profile with cohesive social media strategy implemented. These initiatives will enhance what is already a unique building.
“The Arcade is Clifton’s only option to start or develop small business activities on a flexible basis but in a stimulating incubator hub.”
Primrose Cafe on Boyce’s Avenue forms part of the Clifton Arcade – photo: Lois Booth
Main photo: Lois Booth
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