100% prime located office investment within the heart of Glasgow’s Central Business District. Total of 39,378 sq. ft arranged over ground and 8 upper levels plus 12 car spaces. Multi-let to a high quality tenant line-up with WAULT of 6 years to expiry and 3 years to breaks. Total contracted income of £867,674 per annum (including rent guarantee on the part vacant 4th floor). Grade B Listed building offering flexible open plan office floor-plates of c.4,700 sqft. As has been recently demonstrated, the floor-plates are easily sub-dividable to suit occupier requirements. Well maintained asset which has been consistently upgraded during the current landlords ownership. Most recently the reception, 3rd, 4th and 5th floors have been refurbished. Since acquiring the building in 2018, the landlord has undergone a successful asset management programme increasing the annual contracted income by in excess of £200,000. Future rental growth opportunities with a low average passing rent of £20.56 psf.
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