£3.420.000
Confirmation
Well secured office investment
Glasgow, United Kingdom
Office
#34308
Core+
28 Oct 2024
Property Details
Broker
For sale
23,776 sq.ft.
2,209 m²Leasable area
143.84 £/sq.ft.
1,548 £/m²10.00 %
1
Freehold
Fees
Investment Overview
Modern purpose-built office building that was constructed in 2006 and fully refurbished in 2016. Located in Hamilton International Technology Park, one of Scotland’s premier business parks. Property extends to 23,776 sq ft of modern office accommodation, which was substantially refurbished in 2016. The property is fully let on FRI terms (subject to a Schedule of Condition) expiring 20th March 2031, with a tenant only break option on 23rd January 2030. Committed tenant who has invested significantly in the building - a new VRV air conditioning system was installed by the tenants at their own cost in 2022. Unexpired term certain of 7 years to expiry and 5.9 years to breaks.
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