Atrium Court, Glasgow
50 Waterloo Street, Glasgow, G2 6HQ
24 007 000 $ | 9 663 mètres carrés
Description de l'actif
- Glasgow is the largest city in Scotland with a population of 635,000, increasing to 1.84 million people within the Greater Glasgow conurbation.
- Located in Glasgow City Centre, the property is directly opposite the main entrance to Glasgow Central Station, Scotland's largest rail station.
- Landmark office and convenience store retail asset in a 100% prime location, in Glasgow's Central Business District.
- The property itself comprises a multi-let, mixed-use asset with modern Grade A office accommodation behind a striking Alexander 'Greek' Thomson A-listed façade.
- Comprehensively refurbished in 2010.
- Reception, 2nd, 4th and 5th floors underwent further refurbishment between 2021 and 2022 at a cost of £1.5m.
- Includes 22 car parking spaces, bicycle racks and lockers.
- Two fully refurbished vacant floors offering potential to sub-divide to drive value.
- Total area of 56,929 sq ft, arranged across the ground floor retail unit and 6 upper level office floors.
- EPC A rating.
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Attributs
Prix demandé
17 544 000 $
Superficie du bâtiment brute
5 289 mètres carrés
WAULT aux pauses
4.23 années
WAULT aux expirations
7.44 années
Loyer annuel total
1 883 888,81 $
EPC
Grade A
Nombre d'étages
7
Média
Points forts de l'investissement
- Prime mixed-use Glasgow city centre investment opportunity.
- Excellent tenant covenant, multi-let to to Sainsbury's, Idox, BDP and Cigna.
- Total Passing Rent of £1,020,167 p.a.
- WAULT of 7.44 years to expiry and 4.23 years to break.
- Sainsbury's term certain of 6.96 years, with an RPI linked rent review in March 2027 - collared and capped at 1.5% and 3%.
- Vendor to provide an 18 months rates and service charge guarantee on the vacant office floors.
We are instructed to seek offers in excess of £9,500,000 (Nine Million Five Hundred Thousand Pounds Sterling) exclusive of VAT. A purchase of this level would reflect a Net Initial Yield of 10.07%, allowing for standard purchaser's costs based on LBTT.
Contactez les courtiers
The Grosvenor Building, Glasgow (0 Propriétés)
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Dernière mise à jour
9 avr. 2025
