City Centre Office Investment within Glasgow's Central Business District
Close to Glasgow Central and Queen Street Station
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 47
Auction 30th March 2017
Rent £83,500 per Annum Exclusive
Status Sold
Price £555,000
Sector Office
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Administrators Grant Thornton
Property Information
Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station
Glasgow Queens Street Station
Air
Glasgow International Airport (9 miles west)
Situation
Glasgow is the largest city in Scotland with a population of approximately 1.2 million. The property is situated on the north side of West Regent Street, close to its junction with Hope Street within the central business district of Glasgow City Centre. The immediate area contains a mix of office and leisure uses.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station
Glasgow Queens Street Station
Air
Glasgow International Airport (9 miles west)
Situation
Glasgow is the largest city in Scotland with a population of approximately 1.2 million. The property is situated on the north side of West Regent Street, close to its junction with Hope Street within the central business district of Glasgow City Centre. The immediate area contains a mix of office and leisure uses.
Tenure
Heritable. (Scottish equivalent of English Freehold).
Description
The property comprises lower ground floor office accommodation which has been divided to provide a series of office suites. The property forms part of an attractive larger period building.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises lower ground floor office accommodation which has been divided to provide a series of office suites. The property forms part of an attractive larger period building.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Lower Ground
Office
516.53 sq m
(5,560 sq ft)
THE CALEDONIAN SUITE (PROPERTY) LTD
25 years from 25/03/2008 until 2033
£83,500 (1)
01/03/2018 and five yearly
Totals
516.53 sq m
(5,560 sq ft)
£83,500
(1) The tenant has requested a reduction in the rent to £55,000 per annum.
