Tenanted Commercial Property LOT 194

180 West Regent Street, First Floor, Glasgow , G2 4RW
OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Tenanted
  • Rateable Value Search SAA

Description

Full Address: 180 West Regent Street, First Floor, Glasgow , G2 4RW

7x Office Suites in CITY CENTRE location. Approx. 2,000 Sq. Ft. Immediate Rental Income of £6,600P/A with the potential of up to £25,000P/A when fully occupied. EXCELLENT CITY CENTRE INVESTMENT***

Property comprises 7 x FIRST FLOOR office suites. Three office suites currently LET at £550 per month (£6,600 per annum). Four vacant offices with a rental potential of over £1,500 per month.

PRIME LOCATION within stunning Victorian building offering secure entry, a prestigious address and well-maintained common areas.

The property is located in GLASGOW CITY CENTRE location by the popular Blythswood Square close to Central Station, Buchanan Street and Sauchiehall Street.

West Regent Street is at the heart of Glasgow’s transport network with train, subway & bus facilities available within short walking distance & M8/M74 motorway links are also available within minutes.

7x Office Suites in CITY CENTRE location. Approx. 2,000 Sq. Ft. Immediate Rental Income of £6,600P/A with the potential of up to £25,000P/A when fully occupied. EXCELLENT CITY CENTRE INVESTMENT*** Three office suites currently LET at £550 per month (£6,600 per annum). Four vacant offices with a rental potential of over £1,500 per month. Internal floor space extends to approx. 2,000 Sq. Ft. PRIME LOCATION within stunning Victorian building offering secure entry, a prestigious address and well-maintained common areas. The property is located in the PRIME CITY CENTRE location by the popular Blythswood Square close to Central Station, Buchanan Street and Sauchiehall Street- Glasgow's main shopping and entertainment streets as well as access to multi-storey car parking. West Regent Street is at the heart of Glasgow’s transport network with train, subway & bus facilities available within short walking distance & M8/M74 motorway links are also available within minutes.

Glasgow city centre offers a plethora of amenities including excellent motorway and public transport links. Within a short distance are various firms, offering potential complimentary business to the owner. The property is located 5 minutes walk from Central Station and 10 to Queen street. Motorway links are excellent as you would expect with the M8 3 minutes from the property giving access to Edinburgh and the Ayrshire coast. Glasgow Airport can be reached in 20 minutes with Prestwick Airport is located approx. 45minutes drive.

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Tenancy Details

Type of Agreement:
Length:
Rent: £6,600 per year / £550 per month
Yield: 6% (approx)
Tenant: Private Individual
Notes: Three office suites currently LET at £550 per month (£6,600 per annum). Four vacant offices with a rental potential of over £1,500 per month.

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Location

Pricing Information & Bidding

Opening Bid: £94,000

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).

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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.

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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: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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