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The Hatrack 142a-144 St Vincent St 15,714 sq ft 100% Let Office Property Glasgow G2 5LQ £1,500,000 (£95.46/sq ft) 10.50% Net Initial Yield



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
Property Subtype
Studio / Creative Space
Property Size
15,714 sq ft
Costar Property Class
B
Year Built
1902
Price
£1,500,000
Price per sq ft
£95.46
Yield
10.50%
NOI
£157,500
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
9
Typical Floor Size
1,746 sq ft
Plot ratio
3.14
Total Plot Size
0.11 ac
Amenities
- 24 Hour Access
- Controlled Access
- Wheelchair Accessible
- Smoke Detector
- Raised Floor System
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The Hatrack | 142a-144 St Vincent St
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