55 Douglas St | Glasgow G2 7NP
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55 Douglas St
Glasgow G2 7NP
Office Property For Sale
Investment Highlights
- Situated in the heart of Glasgow’s CBD, a short walking distance from Glasgow Central train station.
- Building extends to ground and five upper floors, with 24 secure car parking spaces.
- A fully refurbished office building rated EPC A.
Executive Summary
Offers in excess of £16,000,000 are invited for our client’s long leasehold interest, reflecting a low capital value of £188 per sq ft.
The property is held on a long leasehold interest at a peppercorn rent of £1 per annum (if asked) from Glasgow City Council. The lease expires on 19th November 2125, however the tenant has an option to extend the term out to 175 years at nil cost (other than paying the landlords legal costs incurred in documenting the lease variation).
The property is held on a long leasehold interest at a peppercorn rent of £1 per annum (if asked) from Glasgow City Council. The lease expires on 19th November 2125, however the tenant has an option to extend the term out to 175 years at nil cost (other than paying the landlords legal costs incurred in documenting the lease variation).
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
85,262 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
2002/2020
Price
$20,207,122
Price Per SF
$237
Percent Leased
17%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
14,210 SF
Building FAR
5.02
Lot Size
0.39 AC
Parking
24 Spaces (0.28 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Bus Line
- Raised Floor
- Accent Lighting
- Energy Performance Rating - B
- Storage Space
- Direct Elevator Exposure
- Shower Facilities
- Drop Ceiling
- Air Conditioning
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