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42-50 Gordon St 2,402 sq ft Retail Unit Offered at £1,350,000 in Glasgow G1 3PU
Investment Highlights
- Prime city centre retail investment opportunity
- Passing rent of £100,000 per annum
- Close to Glasgow central station
Executive Summary
The subjects are situated on the north side of Gordon Street, equidistant between Glasgow Central Station to the west and Buchanan Street to the east, making this location one of the highest pedestrian thoroughfares within the city centre. Nearby occupiers in the immediate vicinity include La Vita, Barrhead Travel, Tesco, Co-Op Bank, Pret A Manger, Hays Travel, Greaves Sports, Oliver Bonas, Royal Bank of Scotland and Caffè Nero
Property Facts
| Total Property Size | 13,260 sq ft | Typical Floor Size | 2,210 sq ft |
| Property Type | Office (Unit) | Year Built | 1850 |
| Property Subtype | Office | Total Plot Size | 0.42 ac |
| Costar Property Class | B | Parking Allocation | 3.77/1,000 sq ft |
| Floors | 6 |
| Total Property Size | 13,260 sq ft |
| Property Type | Office (Unit) |
| Property Subtype | Office |
| Costar Property Class | B |
| Floors | 6 |
| Typical Floor Size | 2,210 sq ft |
| Year Built | 1850 |
| Total Plot Size | 0.42 ac |
| Parking Allocation | 3.77/1,000 sq ft |
Amenities
- Conferencing Facility
- Security System
- Air Conditioning
- Raised Floor System
1 Unit Available
Unit 42
| Unit Size | 2,402 sq ft | Sale Type | Investment |
| Price | £1,350,000 | Tenure | Freehold |
| Price Per sq ft | £562.03 | Net Initial Yield | 7.00% |
| Unit Use | Retail | NOI | £94,500 |
| Unit Size | 2,402 sq ft |
| Price | £1,350,000 |
| Price Per sq ft | £562.03 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 7.00% |
| NOI | £94,500 |
Description
The subjects are arranged over ground and basement levels and form part of a 6 storey, traditional stone building held under a pitched and slated roof. Access to the subjects is via a recessed pedestrian door with the frontage benefiting from an extensive glazing display.
Sale Notes
clients are seeking offers over £1,350,000 exclusive of VAT which reflects a Net Initial Yield of 7.00% after allowing for standard purchasers’ costs of 5.95%.
Interior Photo
Interior Photo
Interior Photo
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42-50 Gordon St
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