72-76 Gordon St | Glasgow G1 3RS
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
72-76 Gordon St
Glasgow G1 3RS
Grosvenor Building · Office Property For Sale
Investment Highlights
- Landmark office and convenience store retail asset
- Multi-let mixed use asset with income secured to Sainsbury's, Idox and Cigna.
- The reception and ground floor break out area was comprehensively refurbished in 2022
- Close proximity to the prime retail, office and leisure pitches
- The property has total passing rent of £807,028 per annum
Executive Summary
The property was originally designed by the renowned Scottish architect Alexander ‘Greek’ Thomson around 1864 and is Category A listed. The property comprises 50,431 sq ft of Grade A office space (excluding reception and retail) arranged over six upper floors together with a large ground floor retail unit extending 6,498 sq ft. The property was comprehensively refurbished in 2010 and the 2nd, 4th and 5th floors and reception areas underwent further refurbishment in 2021 and 2022 respectively at a cost of £1.50m.
Offers in excess of £15,000,000 (Fifteen Million Pounds Sterling) are sought for our client’s heritable interest in the property, subject
to contract and exclusive of VAT.
Offers in excess of £15,000,000 (Fifteen Million Pounds Sterling) are sought for our client’s heritable interest in the property, subject
to contract and exclusive of VAT.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
56,929 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1864/2010
Price
$18,499,791
Price Per SF
$325
Cap Rate
5.04%
NOI
$932,389
Percent Leased
71%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
8,133 SF
Building FAR
0.92
Lot Size
1.42 AC
Parking
30 Spaces (0.53 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Controlled Access
- Commuter Rail
- Property Manager on Site
- Raised Floor
- Security System
- Energy Performance Rating - B
- Demised WC facilities
- Direct Elevator Exposure
- Shower Facilities
- Drop Ceiling
- Air Conditioning
Learn More About Investing in Office Space
1 of 24
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
