£21.000.000
Confirmation
Opportunity to refurbish and reposition
Property Details
Broker
For sale
135,968 sq.ft.
12,632 m²Leasable area
154 £/sq.ft.
1,662 £/m²9
Freehold
Fees
Investment Overview
Building is located on Glasgow’s prime business address. The existing building comprises 135,968 sq ft (12,632 sq m) on a 0.647 acre site. Originally constructed in 1931, it is Grade B listed and has wonderful history and heritage credentials. Positioned within a 5-minute walk of Glasgow Central Station, Scotland’s largest railway station. Current low average passing rent of £1,280,127.34 per annum. Low average passing office rent of £19.85 per sq ft, offering significant reversion potential. Blended WAULT is 5.31 years to the earliest lease breaks and 5.47 years to the lease expiries, effective of September 2023.
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