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Prime Single Let Investment

Glasgow, United KingdomUnlock address

86%

£23.250.000

Office

#16785

Core+

3 Mar 2024

Property Details

Broker

For sale

67,851 sq.ft.

6,304 m²

Leasable area

342 £/sq.ft.

3,688 £/m²

7.49 %

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Excellent location in Glasgow city centre with easy access to the M8 motorway, Glasgow Central railway station and retail amenities. Completed in 2002, eight storey building providing 67,851 sq ft and 28 secure car parking spaces providing a ratio of 1:2,423 sq ft. Single let on an FRI basis until 3 October 2030 without break. Tenant has occupied the building since 2002 and have previously extended the occupational lease. The building has capacity for circa 1,000 staff. £1,860,000, subject to upwards only rent review October 2025. The building has the benefit of roof gardens at first, second and third floor levels, plus a smoking area at ground floor. The building is of steel frame construction with the office accommodation arranged in a horseshoe shape behind a central core. The main core contains lifts and stairway plus WCs, and two further cores situated at opposite ends of the floor plates provide further male and female WCs, two firefighting lifts and escape staircases.