Rare opportunity to acquire a well let investment in the Finnieston area of Glasgow with potential alternative use in the medium term

 

Summary

  • Gross income of £139,895 per annum with significant potential for uplift in income / ERV
  • Multi-tenanted building with diverse income / tenant base
  • In close proximity to Sauchiehall Street, Argyle Street, Finnieston and Kelvingrove Park
  • Offers over £1,400,000 invited
  • Capital Rate of £153 per sq ft
  • Potential future alternative use (residential / hotel / aparthotel) subject to planning

Accommodation

The accommodation comprises the following areas:

Namesq ftAvailability
3rd 360 Let
2nd 2,110 Let
1st 2,337 Let
Ground 2,180 Let
Basement 2,129 Let
Total9,116
116 Elderslie Street - 7524-007©McAteer.jpg

Location

Located at the junction of Elderslie Street and Berkley Street, the area boasts a vibrant atmosphere with numerous cafés, restaurants, and shops within walking distance. The building is within easy walking distance of Sauchiehall Street and Argyle Street where some of Glasgow leading bars and restaurants are situated.


Excellent transport links are available, with Charing Cross Station just 0.1 miles away, and Exhibition Centre and Anderston Stations within 0.4 miles, facilitating easy commuting

Get directions from Google Maps

Further Information

Price £1,400,000

Rates Payable Existing Tenant's picking up rates liability

Service Charge n/a

EPC Rating This property has been graded as B (21)


Description

Prominent corner position office arranged over three floors with surface parking to the rear of the building

The main entrance to the building is at 116 Elderslie Street but has significant frontage on to Berkeley Street

Corner position gives excellent natural daylight into office suites

Space sub divided into 12 separate self-contained offices suites

All suites refurbished

Suite sizes range from 180 sq ft – 1,350 sq ft allowing capture a significant size range of businesses ( currently fully let)

24-hour access

On-site car parking

Viewings

All viewings must be accompanied by the selling agents