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84-92 Gordon Street & 96-98 Hope Street, Glasgow, Glasgow, G1 3RP
not specified / Retail
Withdrawn - Last updated: 05 October 2020
Investment Summary
• Glasgow has a catchment population of 1.8 million and is the largest retail centre outside London• Prominent retail and leisure block in the heart of Glasgow City Centre, directly opposite the entrance to Glasgow Central Train Station, located on one of Glasgow’s businest thoroughfares• Multi-let to strong covenants including Ladbrokes, William Hill, Betfred, The Money Shop t/a Robert Biggar Pawnbroker and Bella Italia• Average weighted unexpired lease term of 8.36 years (7.66 years to break)• Rental levels are reflective of current market ranging from £55 - £72 per sq ft ITZA• Grade B Listed Building – no empty rates payable on void periods• Four units benefit from Class 2 and one unit from Class 3 planning consent (Scottish equivalent to English A2 and A3)• Heritable interest (Scottish equivalent to English freehold)• Offers are sought in excess of £4,750,000 subject to contract and exclusive of VAT, reflecting a net initial yield of 7.48%, assuming purchaser’s costs of 5.8%
Location
84-92 Gordon Street & 96-98 Hope Street, Glasgow, Glasgow , G1 3RP, Lanarkshire, Scotland
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