Investment / Development For Sale, Glasgow

 

Summary

  • Prime City Centre Location
  • Open Floor Plate
  • Multiple Points of Access / Egress
  • Total Area: 22,288sq ft
  • PLANNING GRANTED for 48 Student Suites
  • Income Producing £273,978p.a.x.
  • Price: o/o £1,650,000

Further Information

Rates Payable Upon Enquiry


Description

Finlay House is a prominent Glasgow office constructed around the early 1980s. It is of brick built construction and is arranged over basement, ground and 4 upper floors.

The building provides modern open plan office accommodation on the upper floors and leisure use at ground floor level. The general specification of the building is as follows:

Combination of raised access floors and under floor trunking
Combination of raised access floors and under floor trunking
Suspended ceilings incorporating LED lights
VRF Air Conditioning
Full height double glazed windows to the front and rear
Shallow floor plates benefiting from excellent natural light
2 passenger lifts
Commissionaire manned reception
Disabled access
Male, female and accessible WCs on each floor
Shower facility in the basement
A dedicated external balcony on the 4th floor

Investment Summary

2 Floors are currently income producing let on the following terms;

1st Floor - 8,885sq ft

Held on a full repairing and insuring head lease to Succession Wealth Management Ltd expiring 31st January 2028 passing £159,930p.a.x

2nd Floor - 6,336sq ft

Held on a full repairing and insuring head lease to Foundation for Credit Counselling expiring 1st March 2027 at a passing tent of £114,048p.a.x.