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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)

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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 or Owner Occupier

Sale Condition

Redevelopment Project

Property Type

Office

Tenure

Freehold

Property Size

32,751 sq ft

Costar Property Class

Year Built

1999

Price

£2,450,000

Price per sq ft

£74.81

Tenancy

Single

Number of Floors

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)

Air Conditioning

Raised Floor System

Major Tenants

Information
32,751 sq ft
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Kura began over two decades ago and rebranded under its current name after a management buyout in 2015. The company provides outsourced customer experience services built around people, process and technology, with support spanning customer service, complaints handling and collections, alongside customer management software and related technology. Kura serves organisations in regulated industries and works across both business and consumer customer journeys, positioning the firm as a contact centre and software business with a broad customer service focus in the UK and South Africa.