Multi-Let Heritable Office and Leisure Opportunity
Prime position within Central Glasgow
Modern Office providing 21,115 sq. ft. (1,959.63 sq. m.) of open plan accommodation with leisure at lower ground floor and 12 basement car spaces in an undercroft car park
500m East of Buchanan Street, Glasgow's Prime Retailing Street and 300m from Glasgow Central and Queen Street Stations
Asset management opportunities including extending/re-gear existing leases
Multi-Let Heritable Office and Leisure Opportunity
Prime position within Central Glasgow
Modern Office providing 21,115 sq. ft. (1,959.63 sq. m.) of open plan accommodation with leisure at lower ground floor and 12 basement car spaces in an undercroft car park
500m East of Buchanan Street, Glasgow's Prime Retailing Street and 300m from Glasgow Central and Queen Street Stations
Asset management opportunities including extending/re-gear existing leases
Lot 14
Auction 27th March 2025
Rent £277,616 per Annum
Status Available
Guide* £1,900,000
Sector Office, Leisure, Mixed Use
Auction Venue Live Streamed Auction
On Behalf a Major Scottish Family Office
Property Information
Location
Miles
47 miles west of Edinburgh
Roads
A8, A74, M8 (Junction 19)
Rail
Central Station, Queen Street Station
Air
Glasgow International Airport (9 miles west)
Situation
The property lies on the south side of West George Street between its junctions with Wellington Street and West Campbell Street within the heart of Glasgow’s CBD. West George Street is one of Glasgow’s prime business addresses with excellent public transport links with both Glasgow Central Station and Glasgow Queen Street Station being a short walk from the property. The property is close to Blytheswood Square Hotel.
Tenure
Heritable.
Location
Miles
47 miles west of Edinburgh
Roads
A8, A74, M8 (Junction 19)
Rail
Central Station, Queen Street Station
Air
Glasgow International Airport (9 miles west)
Situation
The property lies on the south side of West George Street between its junctions with Wellington Street and West Campbell Street within the heart of Glasgow’s CBD. West George Street is one of Glasgow’s prime business addresses with excellent public transport links with both Glasgow Central Station and Glasgow Queen Street Station being a short walk from the property. The property is close to Blytheswood Square Hotel.
Tenure
Heritable.
Description
The property comprises a mid-terrace sandstone office building arranged over basement, lower ground, ground and four upper floors.
The ground floor reception was fully refurbished in 2015 as well as the two passenger lifts. This was followed in 2016 with the refurbishment of the ground, 3rd and 4th office floors.
Internally, the property benefits from two x 8 person passenger lifts, secure parking for 12 cars, modern entrance, perimeter trunking and a secure door entry system.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a mid-terrace sandstone office building arranged over basement, lower ground, ground and four upper floors.
The ground floor reception was fully refurbished in 2015 as well as the two passenger lifts. This was followed in 2016 with the refurbishment of the ground, 3rd and 4th office floors.
Internally, the property benefits from two x 8 person passenger lifts, secure parking for 12 cars, modern entrance, perimeter trunking and a secure door entry system.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq. m. (1)
Floor Areas Approx (sq. ft.) (1)
Tenant
Term
Rent p.a.x.
Rent Review
Lower Ground Basement
Leisure Car Park
545.52 1 Space
(5,872)
THE GOLF HOUSE GLASGOW LIMITED t/a The Golf Lounge
10 years from 24/10/2022 until 23/10/2032 (2)
£37,250
24/10/2025
Ground Basement
Office Car Park
303.51 2 Spaces
(3,267)
BROADSTONE CORPORATE BENEFITS LIMITED
10 years from 01/11/2016 until 31/10/2026
£49,738
First Basement
Office Car Park
336.31 4 spaces
(3,620)
SAFEDEPOSITS SCOTLAND LIMITED
10 years from 05/06/2023 until 04/06/2033 (3)
£56,125
05/06/2028
Second Basement
Office Car Park
250.84 2 spaces
(2,700)
RYDER ARCHITECTURE LIMITED
20 years 01/11/2008 until 30/04/2028 (4)
£44,000
Third Basement
Office Car Park
352.79 1 space
(3,819)
TM GROUP (UK) LIMITED
10 years from 01/05/2019 until 30/04/2029 (5)
£59,785
Fourth
Office Car Park
170.66 2 Spaces
(1,837)
NEVIS CAPITAL LIMITED
10 years from 18/01/2017 until 17/01/2027 (6)
£30,718
Total
1,959.63
(21,115)
£277,616
(1) Floor areas provided by the vendor. (2) The lease provides for a Tenant option to determine the lease on 24/10/2027 upon serving 6 months written notice. A rent deposit of £21,000 is held by the Landlord. (3) The lease provides for a Tenant option to determine the lease on 05/06/2028 upon serving 9 months written notice. (4) The lease provides for a Tenant option to determine the lease on 30/04/2026 upon serving 6 months written notice. The lease provides for a penalty of £14,666 if the Tenant exercises the break. (5) The lease provides for a Tenant option to determine the lease on 30/04/2027 upon serving 9 months written notice. The lease provides for a period of 6 months half rent if the Tenant does not exercise their break. (6) The is a schedule of condition attached to the lease, please see the legal pack for further information.
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.
