190 St. Vincent St 11,048 SF 100% Leased Office Building Glasgow G2 5SP $1,379,393 ($124.85/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% prime located office investment within the heart of Glasgow’s Central Business District
- Rare investment opportunity in traditional, period building with long term secure income
- Low passing rent with potential for rental growth on the rent review date
EXECUTIVE SUMMARY
Set over 5 floors, the building is characterised by red ashlar stonework, tripartite windows and a large double doorway with corinthian columns. The ground, first and second are utilised as office space, with a local restaurant occupying part of the basement. The upper floors can be accessed seperatley via one of the entrance doors for future splitting of the property should this be required. The original interior of the building has largely been retained to provide open plan and private offices with toilets, tea prep areas and storage. The offices are generally carpeted with a mixture of vinyl flooring, plaster/papered walls and plaster ceiling with suspended lighting. An internal lightwell provides good natural daylight. There is a gas central heating system and perimeter trunking for power.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
11,048 SF
Building Class
B
Year Built
1897
Price
$1,379,393
Price Per SF
$124.85
Cap Rate
8%
NOI
$110,351
Percent Leased
100%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
2,209 SF
Building FAR
4.42
Lot Size
0.06 AC
AMENITIES
- Bus Line
- Security System
1 of 1
CONTACTS
-
Edin
Lynch
-
Douglas
Binnie
-
Brian
Kidd
