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43 Bath Street, Glasgow, G2 1HW

Offers in Excess of
£265,000

£105.24 per sq ft

Business rates & charges may apply

G M Brown, Glasgow
SIZE AVAILABLE

2,518 sq ft

234 sq m

SECTOR

Commercial property for sale

Key features

  • Self-contained 1st & 2nd floor office investment
  • Let on FRI terms to The Big Issue Company Limited
  • Tenant has been in occupation since 2014
  • Lease extended in 2018 with expiry in October 2028
  • Low passing rent of £26,850 per annum (£10.66/sq ft)
  • Potential future redevelopment potential
  • Offers over £265,000 invited = NIY 9.89% after purchasers costs
  • Subjects are elected for VAT, however, sale to be by way of TOGC

Description

The subjects comprise a self-contained first and second floor offices with attractive corner aspect.

A secure door entry system provides access from street level where a passenger staircase provides access to the upper floors.

Both floor are well-fitted providing bright open-plan floor plates that have been fitted out by the tenant to a high standard to include meeting rooms complete with dedicated WC's and tea-preps. The general specification includes suspended ceilings with LED lightings units, gas central heating, air conditioning, perimeter trunking.

Subject to planning, the subjects may be suitable for redevelopment to residential / serviced apartments.

The subjects are located within the heart of Glasgow City Centre commanding a highly prominent position on the south side of Bath Street at its junction with Renfield Street.

Highly convenient access to public transport links are provided with Glasgow Central & Queen Street Railway Station, Buchanan Street Underground Station and Buchanan Bus Station all within short walking distance.

Metered on-street parking is provided whilst there are various multi-storey car parks within the immediate vicinity.

Tenant: The Big Issue Company Limited (Company No 02612480)
Lease Expiry: October 2028. The tenant has been in occupation since 2014
Passing Rent: £26,850 per annum (£10.66/sq ft)
Full repairing and insuring, no schedule of condition

Year ending 2023 recorded a turnover of £6,192,619 with profits after tax of £421,358

Brochures

43 Bath Street, Glasgow, G2 1HW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Glasgow Queen Street Station0.2 miles
  • Buchanan Street Station0.2 miles
  • Cowcaddens Station0.3 miles

About G M Brown, Glasgow

208 West George Street, Glasgow, G2 2PQ

Notes

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