Stock Exchange - 153-159 Buchanan St & 6 - 11, 69 & 77 Nelson Mandela Place, Glasgow

Stock Exchange Court - Glasgow

形容

Glasgow is the largest city in Scotland with a population of 635,000, increasing to 1.84 million people within the Greater Glasgow conurbation.

The city has the biggest and best retail market in the UK outside of London’s West End, accumulating £5 billion in retail spend per annum.

Buchanan Street is the city’s undoubted prime pitch, experiencing footfall of 49 million people per annum.

The property offers exceptional connectivity with Glasgow Queen Street Station accessible within a 1-minute walk and Glasgow Central Station within a 5-minute walk.

The asset comprises a 55,806 sq ft modern mixed-use building behind a striking Category-A Listed façade, arranged over basement, ground and four upper floors.

The accommodation incorporates two well-configured retail units fronting Buchanan Street, a newly formed Class 3 restaurant unit fronting Nelson Mandela Place, a basement nightclub/events space and modern office accommodation across third to fifth floors.

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特性

提示価格

￥4,547,591,000

年間賃料総額

￥351,919,927.19

WAULTの有効期限

8.66 年

WAULTからブレークへ

6.1 年

賃貸可能面積

5,185 ㎡

階数

メディア

投資のハイライト

Iconic Retail-Led Mixed-Use Asset on the UK's best performing High Street outside London's West End.

Buchanan Street has less than 2% vacancy and rents have grown by more than 20% in the last 18 months, providing the opportunity to capture strong reversion.

Let to a high-quality tenant line-up comprising Urban Outfitters, The North Face, Dishoom, Carlsberg Marston’s and The Scottish Ministers (NHS).

Total passing rent of £1,760,532 per annum.

Weighted average unexpired lease term of 8.66 years to expiries and 6.10 years to breaks.

56% of the income benefits from annual uncapped CPI uplifts or fixed rental increases, providing guaranteed rental performance.

Heritable Interest (Scottish equivalent of English freehold).

Offers are invited in excess of £22,570,000 (Twenty-Two Million, Five Hundred and Seventy Thousand Pounds Sterling) subject to contract and exclusive of VAT.

A purchase at this level would reflect a net initial yield of 7.25% and a projected reversionary yield of 8.43% by April 2031, allowing for standard purchaser’s costs based on LBTT.