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Prime Value-Add Office

Glasgow, United KingdomUnlock address

72%

£16.000.000

Office

#34942

Value-Add

29 Sep 2024

Property Details

Broker

For sale

85,200 sq.ft.

7,915 m²

Leasable area

187 £/sq.ft.

2,021 £/m²

Leasehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

Situated in the heart of Glasgow’s CBD, a short walking distance from Glasgow Central train station. A fully refurbished office building rated EPC A. Building extends to 85,200 sq ft over ground and five upper floors, with 24 secure car parking spaces. Flexible floor plates of up to 16,000 sq ft. First floor let to Scottish Daily Record & Sunday Mail Ltd at £29.50 psf. Significant value-add opportunity to let up the remaining office space. Long leasehold interest at a peppercorn rent. The building extends to 85,200 sq ft over ground and 5 upper floors, with floor plates on the upper floors ranging from 10,298 sq ft to 16,102 sq ft on the upper floors.