117-127 Brook Street Glasgow G40 3AP

117-127 Brook Street
Glasgow
G40 3AP

Heritable Office Investment

  • Majority let to Glasgow City Council
  • Ground floor let to Centre for Independent Living until 2023
  • Substantial Office building with car parking and two Road frontages.
  • Approximately 3576sq m (38,500 sq ft)
  • Approximate site coverage of 34%
  • Active management opportunity
  • Lot
    30
  • Auction
    21st July 2021
  • Rent
    £243,650 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • On Behalf Mortgagees in Possession
Important Update
  • Expand
  • Photos
  • Map

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

Heritable Office Investment

  • Majority let to Glasgow City Council
  • Ground floor let to Centre for Independent Living until 2023
  • Substantial Office building with car parking and two Road frontages.
  • Approximately 3576sq m (38,500 sq ft)
  • Approximate site coverage of 34%
  • Active management opportunity
  • Lot 30
  • Auction 21st July 2021
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Office
  • Auction Venue
    Live Streamed Auction
  • On Behalf Mortgagees in Possession

Property Information

Location
Miles
1 mile east of Glasgow City Centre
Roads
A74, M74, M8
Rail
Bridgeton Railway Station
Air
Glasgow International Airport
Situation

The property is situated 1 mile east of Glasgow City Centre in a well-established commercial area. Neighbouring occupiers include Glasgow City Council, the world class sporting and leisure facilities of the Emirates Arena, including the Sir Chris Hoy Velodrome and The Forge Retail Park is also within a mile of Brook Street with occupiers including Tesco Extra and B&M.

Tenure

Heritable.

Location
Miles
1 mile east of Glasgow City Centre
Roads
A74, M74, M8
Rail
Bridgeton Railway Station
Air
Glasgow International Airport
Situation

The property is situated 1 mile east of Glasgow City Centre in a well-established commercial area. Neighbouring occupiers include Glasgow City Council, the world class sporting and leisure facilities of the Emirates Arena, including the Sir Chris Hoy Velodrome and The Forge Retail Park is also within a mile of Brook Street with occupiers including Tesco Extra and B&M.

Tenure

Heritable.

Description

The property comprises a substantial four storey office building and car park accommodating approximately 85 car parking spaces. The property benefits from a site area of approximately 0.40 hectares ( 1 acre) with significant frontages and access from both Brook Street and Rimsdale Street and a site coverage of approximately 34%. The property may be suitable for residential redevelopment and or further development on the car park, subject to consents.

Completion Period

Six Week Completion

EPC

See legal pack.

Description

The property comprises a substantial four storey office building and car park accommodating approximately 85 car parking spaces. The property benefits from a site area of approximately 0.40 hectares ( 1 acre) with significant frontages and access from both Brook Street and Rimsdale Street and a site coverage of approximately 34%. The property may be suitable for residential redevelopment and or further development on the car park, subject to consents.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x Reversion
Ground Office
684.68 sq m
(7,370 sq ft)
CENTRE FOR
INDEPENDENT
LIVING
7 years from
14/04/2016 until
13/04/2023
£36,850  
Part Ground,
First and
Second
Office
2,188.37 sq m
(23,556 sq ft)
GLASGOW CITY
COUNCIL
20 years from
16/01/1997 until
15/01/2017
£206,800 Tacit Relocation
(Holding Over)
Third Office
702.51 sq m
(7,562 sq ft)
VACANT
POSSESSION
     
Total
3,575.56 sq m
(38,488 sq ft)
    £243,650  

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    01.07.21
    File Size
    743 KB
    View PDF
  • Site Plan
    Updated Date
    01.07.21
    File Size
    409 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
Morton Fraser LLP Quartermile Two, 2 Lister Square
Edinburgh
EH3 9GL
David Stewart 0131 247 1176david.stewart@morton-fraser.com

Useful Links

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

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