OPENING BID

Timed Online Auction

02 December 2021, 10am-3pm

Bidding Closes in

View Live Online Auction Submit Offer Now
  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 79 West Regent Street, Suite 3-2, Glasgow, G2 2AW

Self contained city centre office suite comprising two individual rooms with aspects onto Hope Street. Net Internal Area: 44m2 - 473.61 Sq.Ft. Roller shutter access with CCTV security entrance in hallway.

--- Vacant Possession --- COMPRISES: Main door entrance into carpeted office area and second room both with windows looking onto Hope Street. Mains electric supply. Ideal purchase for landlord/online business looking to capitalize on low value property within prime City Centre location.

The property forms part of a James Salmon designed Category B Listed four storey and basement sandstone building. Close to train station and surrounded by offices and commercial buildings. Guide and Reserve price set to ensure sale.

Rental potential circa 400-500 per month circa 100 per week. Previously occupied by a property company but would be suited to several professional business uses. Available with full vacant possession. Ground floor occupied for retail use. Upgraded Victorian office building. Prime opportunity given proximity to financial district and amenities available on Buchannan Street.

The locality is characterised by a mix of uses with generally prime retail occupiers at ground floor and offices at upper floor level. Enviable prime corner position at the junction of two of Glasgow's busiest streets, West Regent Street and Hope Street.

Self contained city centre office suite comprising two individual rooms with aspects onto Hope Street. Net Internal Floor Area: 44m2 - 473.61 Sq.Ft. Roller shutter access with CCTV security entrance in hallway. Rental potential circa 400-500 per month circa 100 per week. Would be suitable to several professional business uses. Links to and from Glasgow City Centre are available by bus and rail. Subway links access Glasgow's West End and parts of South Side. The M8 motorway network is close by offering access to Stirling and Edinburgh's City Centres. Mitchell Street NCP car parking located within short walking distance. Would be suitable to several professional business uses. Tidy communal areas. Ideal purchase for landlord/online business looking to capitalize on low value property within prime City Centre location. Guide and Reserve price set to ensure sale. Links to and from Glasgow City Centre are available with bus connections at Buchanan Street and train stations at both Queen Street and Glasgow Central. Nearby subway links allow access to Glasgow's West End and the South Side of Glasgow. The M8 motorway network and Charing X are also close by offering access to Stirling and the Central Belt. Prime opportunity given immediate proximity to financial district and amenities on Buchannan Street. *** PLEASE NOTE *** The proposed major fabric repair scheme to 79 West Regent Street is a Glasgow City Heritage Trust grant assisted project which primarily involves the re-roofing of the building as well as repairing/renewing (where applicable) the external elevations of the building. The total value of the scheme, before Heritage Trust grant aid, is approximately 735,000 including professional fees and VAT. The scheme is estimated to take 32 to 36 weeks to complete. The scheme would be project managed by a conservation-accredited surveyor, with oversight by a conservation specialist. Work is anticipated to commence in early 2022. The current owners have paid in full their portion of the required amounts due towards this scheme.

Located on the south side of West Regent Street prominently located at its junction with Hope Street, within the heart of Glasgow City Centre and a short walk from all businesses, retail and leisure services. Multi-storey car parking is available nearby. Surrounding occupiers within the area include Yuill and Kyle, Newton Maxwell, Nick Farrell and Co. Chartered Surveyors, Biyoshi Hairdressing and Opium Oriental Restaurant. PRIME GLASGOW CITY CENTRE LOCATION - Both St Enoch and Buchanan Street Undergrounds are a short 5 min walk and local bus links are located on Renfield Street and Hope Street. The locality is characterised by a mix of uses with generally prime retail occupiers at ground floor and offices at upper floor level. Local occupiers include: Tesco Metro, Greggs, Costa Coffee, Ladbrokes, Yorkshire Building Society. Glasgow Central (0.2 miles).

Show More

Document Downloads

  LEGAL PACK PENDING - Request Copy

Location

Pricing Information & Bidding

Opening Bid: £8,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Submit Offer Now

Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 02 December 2021, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

Similar Properties


Lot 86
£5,000 OPENING BID
  • Seldom available Single Storey dual aspect Commercial Premises facing the Glasgow Home Of...
Lot 283
£212,000 OPENING BID
  • **VAT FREE COMMERCIAL INVESTMENT** Large, Tenanted, Town Centre commercial/retail unit se...