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14 Carmyle Ave 16,293 sq ft 100% Let Office Property Glasgow G32 8HJ £700,000 (£42.96/sq ft) 7.90% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Total floor area extending to 1,513 sqm (16.293 sq ft) , Total site area of 0.54 acres (2,185 sqm).
- Gross income of £58,607 per annum.
- Part Let Mixed Use Investment.
- Refurbished building with 33 dedicated car parking spaces.
- Estimated Rental Value of £125,000 per annum.
- Sale Price: Offers over £700,000.
EXECUTIVE SUMMARY
Seeking offers in excess of £700,000 reflecting a Net Initial Yield of 7.9% after allowing for purchaser's costs. Upon achieving full occupancy, the purchase price will reflect
a reversionary yield of 16.9%.
a reversionary yield of 16.9%.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Size
16,293 sq ft
Costar Property Class
C
Year Built
1967
Price
£700,000
Price per sq ft
£42.96
Yield
7.90%
NOI
£55,300
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
5,431 sq ft
Plot ratio
0.79
Total Plot Size
0.47 ac
AMENITIES
- Roller Shutters
- Storage Space
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14 Carmyle Ave
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