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Citypoint 1 21 Tyndrum St 32,751 sq ft Office Property Glasgow G4 0JY £2,450,000 (£74.81/sq ft)
INVESTMENT HIGHLIGHTS
- Prominent city centre office building with short term income.
- Ideal HQ opportunity.
- The building extends to 32,571 sq ft together with 30 car spaces.
- Scope for change of alternative use redevelopment.
- Highly visible location with excellent accessibility.
- Let to Response (Building Rewarding Relationships) Ltd with a parent company guarantee from Kura (CS) Ltd until 20 October 2026, limited by a photographic schedule of condition.
- Current passing rent of £515,000 per annum reflecting £15.72 per sq ft inclusive of parking.
- Offers in excess of £2.45 million for the heritable interest are invited. This reflects an attractive NIY of 19.77% after allowing for standard costs and LBTT and a low capital rate of £75 per sq ft.
EXECUTIVE SUMMARY
Office investment for sale with redevelopment potential. Citypoint is located on the nothern edge of Glasgow city centre with immediate access to the motorway network. The building is arranged over 4 floors and is of modern construction with steel frame and a mixture of glazing and curtain walling system. The internal space is accessed via a central core and entrance area providing access to two wings within an 'L' shaped floor plate. Each floor can be occupied separately or sub divided if desired with each floor having dedicated male and female toilets. The tenant occupies the building as their headquarters and have arranged the space to include canteen and amenity space for staff on the ground floor and a mixture of open plan accommodation and meeting space on the upper floors.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold/Long Leasehold
Property Size
32,751 sq ft
Costar Property Class
B
Year Built
1999
Price
£2,450,000
Price per sq ft
£74.81
Tenancy
Single
Number of Floors
4
Typical Floor Size
8,116 sq ft
Plot ratio
2.18
Total Plot Size
0.34 ac
Parking
30 Spaces (0.91 Spaces per 1,000 sq ft Leased)
AMENITIES
- Raised Floor
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
-
- -
- 32,751 sq ft
- -
- -
We’re a market leading provider of outsourced contact centre services and software solutions for a number of the world’s most successful brands. Following a successful management buyout of the company we’re on a journey to build a unique business in our industry.
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
|
|
- | 32,751 sq ft | - | - |
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Citypoint 1 | 21 Tyndrum St
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