Heritable Office Investment
Heritable Office Investment
The property, a category B Listed building, is situated on the southern side of Newton Terrace in the established Park area of Glasgow, to the west of the city centre. The property benefits from excellent communication links via the intercity rail connections and M8 (Junction 18) less than 600 metres away.
Heritable. Heritable (Scottish Equivalent of English Freehold).
The property, a category B Listed building, is situated on the southern side of Newton Terrace in the established Park area of Glasgow, to the west of the city centre. The property benefits from excellent communication links via the intercity rail connections and M8 (Junction 18) less than 600 metres away.
Heritable. Heritable (Scottish Equivalent of English Freehold).
The property comprises office accommodation over basement, ground and two upper floors. The property also benefits from onsite car parking for approximately 8 cars, accessed via Newton Terrace Lane.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises office accommodation over basement, ground and two upper floors. The property also benefits from onsite car parking for approximately 8 cars, accessed via Newton Terrace Lane.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Basement Ground First Second |
Office/ Ancillary Office Office Office |
122.63 sq m 293.19 sq m 127.65 sq m 135.73 sq m |
(1,320 sq ft) (3,156 sq ft) (1,374 sq ft) (1,461 sq ft) |
AMEC ENVIRONMENT &INFRASTRUCTURE UK LTD (1) | 10 years from 07/09/2007 and a fully repairing and insuring lease (2) |
£85,500 |
06/09/2017 |
| Totals | 679.20 sq m |
(7,311 sq ft) |
£85,500 | ||||
(1) For the year ending 28th March 2011 Amec Environment & Infrastructure UK Ltd reported a turnover of £52,469,000, a pre-tax profit of
£8,330,000 and a total net worth of £35,098,000. (Source www.riskdisk.com 23rd April 2012)
(2)The tenant will benefit from a rent free period for 12 months from 7th September 2012. The Seller has agreed to adjust the completion monies so the property will effectively produce £85,500 p.a.x. in continuation.
By clicking the Submit button I confirm that I would like to get updates on 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.
We will keep you updated about lot xthis property.
In the meantime, if you would like to speak to the Surveyor about this property, please call on .
Are you sure you want to remove this property from your Watch List?
Are you sure you are no longer interested in this property?
Are you sure you want to delete your Account?
