Offers over
£475,000
(£160.15/sq. ft)
Office for saleAshley Street, Glasgow G3
2,966 sq. ft
About this property
Well maintained period building with parking
Residential development potential
Guaranteed Income
Annual Rent: £39,369.96 p.a.
Net initial yield 7.95%
The property comprises a Category B Listed two storey over lower ground floor semi detached townhouse with dedicated car parking for 6 vehicles. It is currently fully occupied and fitted out as good quality office space.
The accommodation is entered through a feature entrance hallway with a staircase leading to first and lower ground floor levels. Each floor offers part compartmentalised and part open plan space providing flexible accommodation. Toilet facilities are located at ground, first and lower ground floor levels.
Location
The subjects are situated in Woodlands on the immediate periphery of the Park Area and to the west of Glasgow city centre. This sought after mixed use area is conveniently located for all local amenities and is in close proximity of the national motorway network.
EPC
Energy Performance Certificate Rating is F
Tenancy Schedule
Tenant: Ekws Comms Ltd (Guaranteed by Clarity Simplicity Ltd)
Position: Ground and Lower Ground Floor (inc 3 parking spaces)
Rent: 21,699.96 p.a. Plus VAT
Lease Expiry: June 2027
Repairs: Capped repair liability (£3,000 p.a.)
Service Charge: Shared equitably
Tenant: Prn Water Services
Position: First Floor (inc 3 parking spaces)
Rent: £17,700 p.a. Plus VAT
Lease Expiry: October 2028
Repairs: Internal repairing liability
Service Charge: Shared equitably
Price
Our client is seeking offers in excess of £475,000 plus VAT. This equates to a net initial yield of 7.95% underpinned by its residential development value. On a capital rate basis, it reflects £160 per sq ft.
Covenant Information
Prn Water Services, are a well established specialist private company in laboratory lead testing servicing Scotland’s Private Rental Sector. With an extensive client base, their services business model has been designed around letting agents and landlords to facilitate compliance with ever evolving Repairing Standards.
Clarity Simplicity Ltd (trading as Complete Clarity) is a Scottish law firm offering legal services across a wide range of practice areas. Long established with offices in Glasgow, Edinburgh, East Kilbride and Dumfries, they are a well respected and growing business.
Tenure
The property is held on a Heritable title (Scottish equivalent of English freehold)
Rateable Value
According to the Scottish Assessor's website () the subjects have a Rateable Value effective 1st April 2026 as follows:
Basemen-1 £3,400
Basement-2 £2,200
Basement-3 £675
Ground Floor £8,900
First Floor £9,600
The uniform business rate for the current year is 0.481 pence in the pound.
Utilities
The property is connected to mains supplies of water, gas, electricity and drainage.
The electricity and gas consumption is charged equitably between the occupiers.
Further information can be provided on request.
VAT
VAT is applicable.
Legal Costs
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
Entry
Upon completion of formal missive under Scots Law.
Anti-Money Laundering
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/ occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.
The accommodation is entered through a feature entrance hallway with a staircase leading to first and lower ground floor levels. Each floor offers part compartmentalised and part open plan space providing flexible accommodation. Toilet facilities are located at ground, first and lower ground floor levels.
Location
The subjects are situated in Woodlands on the immediate periphery of the Park Area and to the west of Glasgow city centre. This sought after mixed use area is conveniently located for all local amenities and is in close proximity of the national motorway network.
EPC
Energy Performance Certificate Rating is F
Tenancy Schedule
Tenant: Ekws Comms Ltd (Guaranteed by Clarity Simplicity Ltd)
Position: Ground and Lower Ground Floor (inc 3 parking spaces)
Rent: 21,699.96 p.a. Plus VAT
Lease Expiry: June 2027
Repairs: Capped repair liability (£3,000 p.a.)
Service Charge: Shared equitably
Tenant: Prn Water Services
Position: First Floor (inc 3 parking spaces)
Rent: £17,700 p.a. Plus VAT
Lease Expiry: October 2028
Repairs: Internal repairing liability
Service Charge: Shared equitably
Price
Our client is seeking offers in excess of £475,000 plus VAT. This equates to a net initial yield of 7.95% underpinned by its residential development value. On a capital rate basis, it reflects £160 per sq ft.
Covenant Information
Prn Water Services, are a well established specialist private company in laboratory lead testing servicing Scotland’s Private Rental Sector. With an extensive client base, their services business model has been designed around letting agents and landlords to facilitate compliance with ever evolving Repairing Standards.
Clarity Simplicity Ltd (trading as Complete Clarity) is a Scottish law firm offering legal services across a wide range of practice areas. Long established with offices in Glasgow, Edinburgh, East Kilbride and Dumfries, they are a well respected and growing business.
Tenure
The property is held on a Heritable title (Scottish equivalent of English freehold)
Rateable Value
According to the Scottish Assessor's website () the subjects have a Rateable Value effective 1st April 2026 as follows:
Basemen-1 £3,400
Basement-2 £2,200
Basement-3 £675
Ground Floor £8,900
First Floor £9,600
The uniform business rate for the current year is 0.481 pence in the pound.
Utilities
The property is connected to mains supplies of water, gas, electricity and drainage.
The electricity and gas consumption is charged equitably between the occupiers.
Further information can be provided on request.
VAT
VAT is applicable.
Legal Costs
Each party shall bear their own legal costs with the eventual tenant liable for any LBTT and Registration Dues.
Entry
Upon completion of formal missive under Scots Law.
Anti-Money Laundering
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/ occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before any transaction can proceed.
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