117-127 Brook Street Glasgow G40 3AP

117-127 Brook Street
Glasgow
G40 3AP

Heritable Office Investment

Majority let to Glasgow City Council
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
Auction Venue
Live Streamed Auction
On Behalf Mortgagees in Possession

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Heritable Office Investment

Majority let to Glasgow City Council
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

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

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.