100 Bothwell Street, Glasgow, G2 7JD

Executive Summary Located in a 100% prime office location in Glasgow's CBD, at the junction of Bothwell Street and West Campbell Street Office accommodation arranged over ground and eight upper floors extending to 9,464.8 sq m (101,879 sq ft) 37 car parking spaces, providing a ratio of 1:2,753 sq ft Full repairing and insuring lease expiring on 24 December 2023, with a tenant only break option on 25 December 2018 (12 months notice)Let in its entirety to an undoubted covenant in the Student Loans Company Ltd (guaranteed by the Secretary of State for Business, Innovation & Skills)The property forms the headquarters for the Student Loans Company for its operations in the UK, with over 1,000 staff based on-site Annual rental income of £XXX (£XXX psf)The building has undergone a £XXX refurbishment equating to £XXX psf. In addition, the tenant has carried out enhancement works to the building Heritable Interest (Scottish Equivalent of English Freehold)Offers are sought in excess of £XXX (Twenty Five Million, Five Hundred and Fifty Thousand Pounds Sterling) exclusive of VAT for our client's heritable interest, which assuming purchaser's costs of 6.26% reflects an attractive net initial yield of 7.24%. Sale of shares in an Isle of Man SPV are available, potentially improving the net initial yield to 7.56%, based on purchaser's costs of 1.8%.

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