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Prime office with future repositioning and redevelopment potential

Glasgow, United KingdomUnlock address

89%

£16.500.000

Office

#34438

Core+

28 Sep 2024

Property Details

Broker

For sale

91,008 sq.ft.

8,455 m²

Leasable area

181 £/sq.ft.

1,951 £/m²

11.31 %

7

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Arranged over ground and 5 upper floors, the building extends to a total floor area of 99,740 sqft, arranged around a central courtyard together with 31 car parking spaces. Flexible office floor plates ranging from 4,269 sqft to 20,553 sqft. Net sale income of £1,991,251 pa. 91,008 sq.ft of offices, multi-let to high quality tenants including Rathbones Group plc, Network Rail Infrastructure Ltd and Anderson Strathern LLP, at a low average rent of £19.07/sq.ft. 8,127 sq.ft of highly prominent leisure space let to Costa Limited and The Alchemist Bar & Restaurant at a low average rent of £25.71/sq.ft. WAULT of 6 years to expiry, 2.8 years to nearest tenant break and 4.7 years to nearest landlord break.