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Development opportunity (office building)

Glasgow, United Kingdom

79%

Offers invited

Office

#16574

Value-Add, Opportunistic

28 Oct 2024

Property Details

Broker

For sale

137,764 sq.ft.

12,799 m²

GIA

0

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

Investment Overview

Located in an up and coming location following Drum Group’s mixed use Buchanan Wharf development. Self-contained office building constructed in the 1970’s and was comprehensibly refurbished in the mid 1990’s, with a specification including comfort cooling, Cat 2 lighting, suspended ceilings and intercell raised access flooring. The property provides open plan office accommodation arranged over an elevated ground and four upper floors. The basement provides secure car parking, stores and plant rooms. The building is of concrete framed construction with metal panel cladding. Opportunity to reposition a substantial office building through redevelopment, subject to statutory consents. Within the immediate vicinity to the property are a mix of uses comprising substantial residential developments to the north and south, trade counter units to the east.