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TEN Ballater St 85,000 sq ft 100% Let Office Property Glasgow G5 9PS £30,900,000 (£363.53/sq ft) 5.75% Net Initial Yield
Investment Highlights
- Car parking
- Good transport links
- Great location.
Executive Summary
We are instructed to seek offers in excess of £30,900,000 exclusive of VAT. A purchase at this level would reflect a net initial yield of 5.75%, assuming standard purchasers costs
based on LBTT.
Current passing rent of £1,897,000 p.a equating to £30.69 per sq.ft. (assuming car spaces at £3,000 each) subject to 5 yearly rent reviews with a 7.73% minimum uplift.
based on LBTT.
Current passing rent of £1,897,000 p.a equating to £30.69 per sq.ft. (assuming car spaces at £3,000 each) subject to 5 yearly rent reviews with a 7.73% minimum uplift.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Property Size
85,000 sq ft
Costar Property Class
B
Year Built
1989
Price
£30,900,000
Price per sq ft
£363.53
Yield
5.75%
NOI
£1,776,750
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
21,250 sq ft
Plot ratio
0.91
Total Plot Size
2.15 ac
Parking
40 Spaces (0.47 Spaces per 1,000 sq ft Leased)
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Air Conditioning
- Backup Power / Generators
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TEN | Ballater St
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