For Sale

Prime Investment Opportunity, 87-89 Buchanan Street, Glasgow, Glasgow, G1 3HF

From

£6,700,000

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Retail

Location of Prime Investment Opportunity, 87-89 Buchanan Street, Glasgow

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comprises

MAIN

Floor                                 NIA (sqft)<br/> Basement                         1,566<br/> Ground                             1,484<br/> 1st                                     1,488<br/> 2nd                                   1,588<br/> Total                                 6,126<br/> Total Reduced Area       1,405<br/>

description

Features

An opportunity to acquire a prominent retail asset on Scotland’s prime retail pitch.
Excellent Location opposite Princes Square and adjacent to Massimo Dutti and Hugo Boss.
Net internal area of 6,126 sq.ft. arranged over 4 floors.
Fully Let to Telefonica UK Ltd on FRI terms expiring 21 December 2027 having been in occupation since 1987.
Passing rent of £427,500 p.a. reflecting approximately £304 per square foot ZA.
Offers invited in excess of £6,700,000 reflecting 6% NIY after purchasers costs of 6.6%.

The property is prominently situated on Buchanan Street between Exchange Place and Princess Square and accesses the street via a full width glazed frontage. The property is arranged over ground, basement and two upper floors, the first of which is fitted and used by the tenant as offices. The upper floors also have their own separate on street access. The basement comprises staff facilities and storage.
Tenancy
The property is let in its entirety to Telefonica UK Ltd on

Property Costs

  • Status: For Sale
  • From£6,700,000
  • Stamp Duty: £0*

* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.

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