The Grosvenor Building, Glasgow_Property for Sale
The Grosvenor Building, Glasgow_Property for Sale
Grosvenor Building 72 Gordon Street, Glasgow, City of Glasgow, G1 3RS, UK

The Grosvenor Building, Glasgow

Asset Description

  • 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. 
...

Attributes

Asking price
CHF 10,866,000
Building area gross
5,289 m²
WAULT to breaks
4.23 years
WAULT to expiries
7.44 years
Total Annual Rent
CHF 1,166,764.76
EPC
Grade A
Number of floors
7

Media

Investment Highlights

  • 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.

The Grosvenor Building, Glasgow 4_Property for Sale
The Grosvenor Building, Glasgow 4_Property for Sale

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The Grosvenor Building, Glasgow (0 Properties)

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Last updated
2 Apr 2025