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Office Investment For Sale, Mitchell Street, Glasgow, G1 3NA

2,375 Sq Ft / Offices

Withdrawn - Last updated: 02 February 2022

The subjects occupy the entire 6th floor of a traditional red sandstone building known as Gordon Chambers, which is a grade B listed building and forms part of a six storey office building.

Access to the office suites is obtained via a marble entrance way at ground floor level, leading into a main entrance vestibule which benefits from a passenger lift and internal stone stairwell.

The accommodation comprises an attractive office suite which is accessed via a secured entry door system, which leads into an attractive reception area. The suite was previously utilised by an owner occupier and as such, benefits from an extremely high level of finish throughout.

The space has been split to provide a number both open plan and cellular offices/retailing areas throughout the property. Staff welfare facilities are also available within the suite with male and female w.c. facilities, showers and kitchen all present.

Floors are suspended timber in design, with walls and ceilings being plastered and painted. In the rooms located to the west of the subjects, a suspended tile ceiling has been installed. The subjects benefit from generous levels of natural daylight throughout, with artificial lighting provided via spot light fitments and fluorescent strip lighting.

Location

The subjects are located on the east side of Mitchell Street in the heart of Glasgow city centre. The subjects benefit from excellent transport links via Glasgow central and Glasgow Queen Street railway station both located within a close proximity. In addition, Buchanan Street underground station is located a short distance away whilst an NCP multi-storey car park is located immediately opposite the building. Buchanan Street is only a short walking distance from the subjects which is the main shopping street within the city. Neighbouring occupiers include Johnsons, Revolution and Greaves Sports, whilst surrounding leisure occupiers include the Lighthouse, Ross’s Bar, Barolo Grill and Sugo.

Accommodation

This attractive office suite is accessed from Mitchell Street by means of a prominent entrance door. Internally the office suite provides cellular office space with a number of private office suites and a large glazed boardroom at the front of the suite. The floor plan above gives an indication of the current space. This suite is occupied by Hastings Insolvency Ltd. The floorplan above shows the configuration of the office suite.

Terms

LEASE DETAILS 82 Mitchell Street is currently occupied by Hastings Insolvency Ltd. The subjects can be made available on the basis of a sale and leaseback to Hastings Insolvency Ltd at a rental of £17,000 per annum on a 10 year FRI lease with a tenant only break option and upwards only rent review clause at year five. The subjects can also be made available on the basis of vacant possession. Interested parties should contact the sole selling agent in this respect.

RATING The premises are entered into the current Valuation Roll with a Rateable Value of £13,000. 100% rates relief may be available to qualifying tenants.’ The business rate poundage for 2020/21 is £0.498 to the pound.

PLANNING We understand that the property has Planning Consent for its existing use. It will be incumbent upon any prospective purchaser to satisfy themselves in this respect.

Specification

  • CITY CENTRE LOCATION 
  • LOCATED OPPOSITE NCP CAR PARK
  • REFURBISHED OFFICE SUITE 
  • WITHIN GLASGOW’S CENTRAL BUSINESS DISTRICT 
  • NO VAT ON PROPERTY 
  • SALE PRICE £190,000


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