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Well secured office investment

Glasgow, United Kingdom

91%

£3.420.000

Office

#34308

Core+

28 Oct 2024

Property Details

Broker

For sale

23,776 sq.ft.

2,209 m²

Leasable area

143.84 £/sq.ft.

1,548 £/m²

10.00 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

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.