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126 West Regent St 11,190 sq ft 100% Let Office Property Glasgow G2 2RQ £1,600,000 (£142.98/sq ft)
Investment Highlights
- Gross income of £332,000 per annum with an ERV of £480,000 per annum.
- Comprehensively refurbished in 2022 to offer modern business centre accommodation.
- Major occupiers include Fitch Ratings, Anderson Knight and Winn Solicitors.
- In close proximity to Sauchiehall Street, one of Glasgow's main shopping streets.
- 100% Rates relief available on individual suites.
- Potential future conversion to aparthotel, subject to planning.
Executive Summary
Originally developed circa 1835, the property comprises a Georgian 'B' Listed end-terraced building providing high-quality, business centre style office space over lower ground, ground, 1st, 2nd and 3rd floors. Part of the lower ground floor has been converted into a coffee/sandwich outlet, with its own private entrance. The rear section of the ground floor contains a car park with 3 car parking spaces, which is accessed from a secure garage at the rear of the building.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
11,190 sq ft
Costar Property Class
B
Year Built/Renovated
1833/1989
Price
£1,600,000
Price per sq ft
£142.98
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
5
Typical Floor Size
2,238 sq ft
Plot ratio
4.28
Total Plot Size
0.06 ac
Amenities
- Bus Route
- Security System
- Kitchen
- Accent Lighting
- Storage Space
- Common Parts WC Facilities
- Lift Access
- Plug & Play
- Raised Floor System
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126 West Regent St
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