70 West Regent Street Glasgow City Centre G2 2QZ

70 West Regent Street
Glasgow City Centre
G2 2QZ

Heritable City Centre Office Investment

  • Let on a 25 year lease until 2033 (No breaks)
  • City Centre Office Investment within Glasgow's Central Business District
  • Close to Glasgow Central and Queen Street Station
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    47
  • Auction
    30th March 2017
  • Rent
    £83,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £555,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Administrators Grant Thornton
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Heritable City Centre Office Investment

  • Let on a 25 year lease until 2033 (No breaks)
  • City Centre Office Investment within Glasgow's Central Business District
  • Close to Glasgow Central and Queen Street Station
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 47
  • Auction 30th March 2017
  • Rent
  • Status Sold
  • Price £555,000
  • Sector
    Office
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Administrators Grant Thornton

Property Information

Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station
Glasgow Queens Street Station
Air
Glasgow International Airport (9 miles west)
Situation

Glasgow is the largest city in Scotland with a population of approximately 1.2 million. The property is situated on the north side of West Regent Street, close to its junction with Hope Street within the central business district of Glasgow City Centre. The immediate area contains a mix of office and leisure uses.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Location
Miles
47 miles west of Edinburgh
Roads
M8
Rail
Glasgow Central Station
Glasgow Queens Street Station
Air
Glasgow International Airport (9 miles west)
Situation

Glasgow is the largest city in Scotland with a population of approximately 1.2 million. The property is situated on the north side of West Regent Street, close to its junction with Hope Street within the central business district of Glasgow City Centre. The immediate area contains a mix of office and leisure uses.

Tenure

Heritable. (Scottish equivalent of English Freehold).

Description

The property comprises lower ground floor office accommodation which has been divided to provide a series of office suites. The property forms part of an attractive larger period building.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises lower ground floor office accommodation which has been divided to provide a series of office suites. The property forms part of an attractive larger period building.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Lower Ground
Office
516.53 sq m
(5,560 sq ft)
THE CALEDONIAN
SUITE (PROPERTY)
LTD

25 years from
25/03/2008 until
2033
£83,500 (1)
01/03/2018
and five
yearly
Totals  
516.53 sq m
(5,560 sq ft)
    £83,500
 

(1) The tenant has requested a reduction in the rent to £55,000 per annum.

Property Documents

  • Site Plan
    Updated Date
    12.11.19
    File Size
    504 KB
    View PDF
  • Catalogue Page
    Updated Date
    12.11.19
    File Size
    623 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Mhairi ArchibaldMhairi Archibald +44 (0)7718 899 341 Mhairi.archibald@acuitus.co.uk
Seller's Solicitors
Brodies LLP 110 Queen Street
Glasgow
UK
G1 3BX
Hannah McFarquhar 0141 245 6252Hannah.mcfarquhar@brodies.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now