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The Hatrack 142a-144 St Vincent St

15,714 SF 100% Leased Office Building Glasgow G2 5LQ $2,919,640 ($186/SF) 8.95% Cap Rate

Investment Highlights

  • Heavy daytime footfall
  • In close proximity to Glasgow Central Station
  • Great local amenities

Executive Summary

This attractive category A Listed property was designed by the famous Glasgow architect James Salmon Jr and was completed in
1902. It is arranged over the ground and seven upper floors to provide office accommodation, The property benefits from two 8-
person passenger lifts which serve all office floors, whilst WC and tea preparation facilities are also on each floor. The lower ground
floor café and bar are not included in the sale. The vendors have completed a refurbishment of the building-both exterior brickwork
and interiors.

Property Facts

Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
15,714 SF
Building Class
B
Year Built
1902
Price
$2,919,640
Price Per SF
$186
Cap Rate
8.95%
NOI
$261,313
Percent Leased
100%
Tenancy
Multiple
Building Height
9 Stories
Typical Floor Size
1,746 SF
Building FAR
3.14
Lot Size
0.11 AC

Amenities

  • Bus Line
  • Raised Floor
  • Accent Lighting
  • Energy Performance Rating - D
  • Central Heating
  • Demised WC facilities
  • Direct Elevator Exposure
  • Listing ID: 33915815

  • Date on Market: 11/19/2024

  • Last Updated:

  • Address: 142a-144 St Vincent St, Glasgow G2 5LQ

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