Office for sale

St. Vincent Street, Glasgow G2

Summary

**Being sold via Secure Sale online bidding. Terms & Conditions apply**

The property was designed by Glasgow architect James Salmon Jr. The red sandstone building is Grade A listed and is planned over upper Ground and 7 upper floors. The floorplans comprise interconnecting front and rare suites which can be let as one or individually. The building benefits from two -8 person passenger lifts, central heating, and raised access floors.

The property comprises a substantial Grade A Listed building occupying a midterraced position and formed over basement, ground and seven upper floors. The basement and ground floors are in separate ownership and do not form part of the freehold. The property is of traditional masonry construction with a part timber, slated and part flat roof.

If fully let could achieve 224,446 per annum.

Please note we have not inspected the property.

Location

The property is located within the heart of Glasgow City Centre, within the City's traditional office core.
The property is of a use type and character that is commensurate with the location. Close to Glasgow Central station and M8 Motoway

Accommodation

Number of units 16
Size of site 316.88 sq m
Basis of Measurement Net Internal Area
Accommodation breakdowns
Ground (Front) 74.93 807
Ground (Rear) 96.34 1,037
First Floor (Front) 80.29 864
First Floor (Rear) 104.54 1,125
Second Floor (Front) 87.24 939
Second Floor (Rear) 105.11 1,131
Third Floor (Front) 84.04 904
Third Floor (Rear) 102.48 1,103
Fourth Floor (Front) 83.06 894
Fourth Floor (Rear) 106.00 1,141
Fifth Floor (Front) 80.92 871
Fifth Floor (Rear) 108.42* 1,167*
Sixth Floor (Front) 66.90 720
Sixth Floor (Rear) 105.82 1,139
Seventh Floor (Front) 66.70 718
Seventh Floor (Rear) 108.67 1,170
Planning use (assumed if necessary) Class 4 and Class 11 (assumed)
Year build c. 1902
Mortgage regulation: No
Vat is applicable

Tenure

Heritable Scottish equivalent of English Freehold

EPC

Available upon request - rating B

Rateable Value

Sourced from saa

(1st floor)
25,500
effective from
01-apr-23

(2nd rear)
14,500
effective from
01-apr-23

(2nd front)
12,000
effective from
01-apr-23

(3rd rear)
14,100
effective from
01-apr-23

(3rd front)
12,000
effective from
01-apr-23

(4th rear)
14,900
effective from
01-apr-23

(4th front)
11,400
effective from
01-apr-23

(5th rear)
15,000
effective from
01-apr-23

(5th front)
11,500
effective from
01-apr-23

Additional Information

For further information please contact our office directly on , or alternatively via email on . With regards to viewing subject property, this is to be done strictly by appointment.

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.