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Mission Critical bank HQ

Glasgow, United KingdomUnlock address

86%

Offers invited

Office

#13633

Core+

29 May 2024

Property Details

Broker

For sale

156,980 sq.ft.

14,584 m²

Leasable area

1

Leasehold

116

X

Fees

0.00 %

0.30 %

0.00 %

0.30 %

Investment Overview

Situated at the heart of Glasgow’s prime CBD and International Financial Services District (IFSD). Single-let Grade A office investment within an entire gateway island in Glasgow City Core. Mission critical real estate let to the exceptionally strong covenant of Morgan Stanley. Comprising 14,584.28 sq m (156,980 sq ft) of Grade A office, ancillary and basement storage space across lower ground, ground and eight upper floors. Excellent sustainability credentials with an EPC rating of “A” and BREEAM rating of“Excellent”. Provides 51 basement car parking spaces. Attractive and rare unexpired term of 8.75 years to expiry and opportunity to renew further. Produces a gross passing rent of £4,782,890 per annum, reflecting an average rent of £29.75 per sq. ft. This provides a net rent of £4,439,585 per annum after payment of the ground rent.