2-10 Gordon St - Office FOR SALE


Glasgow, GLG G1 3PL
$13,000,000 USD
131-300-0296
2-10 Gordon St, Glasgow, GLG for Sale
$13,000,000 USD
Office - FOR SALE
1/4
null | 8% Cap Rate

2-10 Gordon St
Glasgow, GLG G1 3PL


HIGHLIGHTS

  • Prime retail, leisure and office opportunity on the corner of Buchanan Street and Gordon Street
  • The properties have a total rent roll of £1,107,471 per annum
  • WAULT (to expiry) of 12.82 years excluding the 24 month guarantee being offered on the vacant offices

OVERVIEW

Vendors are seeking offers over £13,000,000 (THIRTEEN MILLION POUNDS STERLING) exclusive of VAT which reflects an attractive Net Initial Yield of 8.00%, assuming standard purchasers’ costs of 6.71%. Ground, basement and part first on Buchanan Street let to Liberty Bar & Restaurant (t/a TGI Friday’s) on a new 15 year lease from 11 February 2025 at a passing rent of £700,000 per annum (£253 Zone A & £66.63 sq ft. gross).

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$418 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tontine House

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1887

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,174 SF

ZONING

-

APN/PARCEL ID

GLA102455

ASK ABOUT THIS PROPERTY

Stewart SheridanSheridan Keane Real Estate InvestmentMore Info
131-300-0296

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Stewart SheridanSheridan Keane Real Estate InvestmentMore Info
131-300-0296

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.