Ground floor let to Centre for Independent Living until 2023
Substantial Office building with car parking and two Road frontages.
Approximately 3576sq m (38,500 sq ft)
Approximate site coverage of 34%
Active management opportunity
Lot 30
Auction 21st July 2021
Rent £243,650 per Annum Exclusive
Status Sold Prior
Price
Sector Office
Auction Venue Live Streamed Auction
On Behalf Mortgagees in Possession
Property Information
Location
Miles
1 mile east of Glasgow City Centre
Roads
A74, M74, M8
Rail
Bridgeton Railway Station
Air
Glasgow International Airport
Situation
The property is situated 1 mile east of Glasgow City Centre in a well-established commercial area. Neighbouring occupiers include Glasgow City Council, the world class sporting and leisure facilities of the Emirates Arena, including the Sir Chris Hoy Velodrome and The Forge Retail Park is also within a mile of Brook Street with occupiers including Tesco Extra and B&M.
Tenure
Heritable.
Location
Miles
1 mile east of Glasgow City Centre
Roads
A74, M74, M8
Rail
Bridgeton Railway Station
Air
Glasgow International Airport
Situation
The property is situated 1 mile east of Glasgow City Centre in a well-established commercial area. Neighbouring occupiers include Glasgow City Council, the world class sporting and leisure facilities of the Emirates Arena, including the Sir Chris Hoy Velodrome and The Forge Retail Park is also within a mile of Brook Street with occupiers including Tesco Extra and B&M.
Tenure
Heritable.
Description
The property comprises a substantial four storey office building and car park accommodating approximately 85 car parking spaces. The property benefits from a site area of approximately 0.40 hectares ( 1 acre) with significant frontages and access from both Brook Street and Rimsdale Street and a site coverage of approximately 34%. The property may be suitable for residential redevelopment and or further development on the car park, subject to consents.
Completion Period
Six Week Completion
EPC
See legal pack.
Description
The property comprises a substantial four storey office building and car park accommodating approximately 85 car parking spaces. The property benefits from a site area of approximately 0.40 hectares ( 1 acre) with significant frontages and access from both Brook Street and Rimsdale Street and a site coverage of approximately 34%. The property may be suitable for residential redevelopment and or further development on the car park, subject to consents.
Completion Period
Six Week Completion
EPC
See legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Office
684.68 sq m
(7,370 sq ft)
CENTRE FOR INDEPENDENT LIVING
7 years from 14/04/2016 until 13/04/2023
£36,850
Part Ground, First and Second
Office
2,188.37 sq m
(23,556 sq ft)
GLASGOW CITY COUNCIL
20 years from 16/01/1997 until 15/01/2017
£206,800
Tacit Relocation (Holding Over)
Third
Office
702.51 sq m
(7,562 sq ft)
VACANT POSSESSION
Total
3,575.56 sq m
(38,488 sq ft)
£243,650
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
