Offers over
£265,000
(£105.24/sq. ft)
Property for sale43 Bath Street, Glasgow G2
2,518 sq. ft
Feudal
About this property
Self-contained 1st & 2nd floor office investment
Let on Fri terms to The Big Issue Company Limited
Tenant has been in occupation since 2014
Lease extended in 2018 with expiry in October 2028
Low passing rent of £26,850 per annum (£10.66/sq ft)
Potential future redevelopment potential
Offers over £265,000 invited = niy 9.89% after purchasers costs
Subjects are elected for VAT, however, sale to be by way of togc
Description
The subjects comprise a self-contained first and second floor offices with attractive corner aspect.
A secure door entry system provides access from street level where a passenger staircase provides access to the upper floors.
Both floor are well-fitted providing bright open-plan floor plates that have been fitted out by the tenant to a high standard to include meeting rooms complete with dedicated WC's and tea-preps. The general specification includes suspended ceilings with LED lightings units, gas central heating, air conditioning, perimeter trunking.
Subject to planning, the subjects may be suitable for redevelopment to residential / serviced apartments.
Location
The subjects are located within the heart of Glasgow City Centre commanding a highly prominent position on the south side of Bath Street at its junction with Renfield Street.
Highly convenient access to public transport links are provided with Glasgow Central & Queen Street Railway Station, Buchanan Street Underground Station and Buchanan Bus Station all within short walking distance.
Metered on-street parking is provided whilst there are various multi-storey car parks within the immediate vicinity.
Tenancy Information
Tenant: The Big Issue Company Limited (Company No 02612480)
Lease Expiry: October 2028. The tenant has been in occupation since 2014
Passing Rent: £26,850 per annum (£10.66/sq ft)
Full repairing and insuring, no schedule of condition
Year ending 2023 recorded a turnover of £6,192,619 with profits after tax of £421,358
The subjects comprise a self-contained first and second floor offices with attractive corner aspect.
A secure door entry system provides access from street level where a passenger staircase provides access to the upper floors.
Both floor are well-fitted providing bright open-plan floor plates that have been fitted out by the tenant to a high standard to include meeting rooms complete with dedicated WC's and tea-preps. The general specification includes suspended ceilings with LED lightings units, gas central heating, air conditioning, perimeter trunking.
Subject to planning, the subjects may be suitable for redevelopment to residential / serviced apartments.
Location
The subjects are located within the heart of Glasgow City Centre commanding a highly prominent position on the south side of Bath Street at its junction with Renfield Street.
Highly convenient access to public transport links are provided with Glasgow Central & Queen Street Railway Station, Buchanan Street Underground Station and Buchanan Bus Station all within short walking distance.
Metered on-street parking is provided whilst there are various multi-storey car parks within the immediate vicinity.
Tenancy Information
Tenant: The Big Issue Company Limited (Company No 02612480)
Lease Expiry: October 2028. The tenant has been in occupation since 2014
Passing Rent: £26,850 per annum (£10.66/sq ft)
Full repairing and insuring, no schedule of condition
Year ending 2023 recorded a turnover of £6,192,619 with profits after tax of £421,358
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