Rent £25,000 per annum

Rates Payable Upon Enquiry

Description

Prime City Centre Position
Grade B Listed
8,525sq ft
Beautifully Presented
Development Opportunity
Income Producing £57,205.p.a.
Increase in 2027 to £61,417p.a.
E.R.V. £150,000p.a.
Price: £875,000

Property

The property forms the 5 upper floors of a 7 storey commercial development of traditional sandstone construction surmounted by a pitched roof.

The property is presented as a beautifully and ready to use office development however would be ideal for residential conversion.

Access is via a glazed controlled entrance door recessed behind heavy timber storm doors at West George Street leading to a tiled reception area.

The property benefits from a passenger elevator to all floors. Currently, 2/5 floors are occupied with the vacant floors all being presented in good condition with L.E.D lighting, plastered and painted walls, individual power supplies, self contained kitchenette and w.c facilities.

Each floor benefits from excellent natural light with dual aspect overviews on West George Street and West Nile Street, with the upper floors benefitting from views to Merchant City and over the River Clyde.

Lease Summary

2 Floors are currently let in full repairing and insuring head leases on the following terms;

2nd Floor & Car Parking

Tenant: Thirst Craft Ltd
Passing Rent: £26,830per annum
Expiry: 2nd February 2025

5th Floor

Tenant: Sheppard Robson Ltd
Passing Rent: £30,375per annum
Expiry: 11th October 2025

Area

2nd Floor: 193.96sqm (2,088sq ft)
3rd Floor:193.96sqm (2,088sq ft)
4th Floor: 212.09sqm (2,283sqm)
5th Floor: 193.96sqm (2,088sq ft)
6th Floor: 183.76sqm (1,978sq ft)

Total: 792sqm (8,525sq ft)

Price

On Request

V.A.T

Prices quoted are exclusive of V.A.T

E.P.C

Available on request

Legal

Each party shall bear their own legal costs incurred in the transaction