Your email has been sent.
42-50 Gordon St 2,402 SF Retail Condo Unit Offered at $2,462,604 CAD in Glasgow G1 3PU
Investment Highlights
- Prime city centre retail investment opportunity
- Passing rent of £100,000 per annum
- Close to Glasgow central station
Executive Summary
The subjects are situated on the north side of Gordon Street, equidistant between Glasgow Central Station to the west and Buchanan Street to the east, making this location one of the highest pedestrian thoroughfares within the city centre. Nearby occupiers in the immediate vicinity include La Vita, Barrhead Travel, Tesco, Co-Op Bank, Pret A Manger, Hays Travel, Greaves Sports, Oliver Bonas, Royal Bank of Scotland and Caffè Nero
Property Facts
| Total Building Size | 13,260 SF | Typical Floor Size | 2,210 SF |
| Property Type | Office (Condo) | Year Built | 1850 |
| Property Subtype | Office | Lot Size | 0.42 AC |
| Building Class | B | Parking Ratio | 3.77/1,000 SF |
| Floors | 6 |
| Total Building Size | 13,260 SF |
| Property Type | Office (Condo) |
| Property Subtype | Office |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 2,210 SF |
| Year Built | 1850 |
| Lot Size | 0.42 AC |
| Parking Ratio | 3.77/1,000 SF |
Amenities
- Conferencing Facility
- Security System
- Air Conditioning
- Raised Floor System
1 Unit Available
Unit 42
| Unit Size | 2,402 SF | Sale Type | Investment |
| Price | $2,462,604 CAD | Tenure | Freehold |
| Price Per SF | $1,025.23 CAD | Cap Rate | 7.00% |
| Condo Use | Retail | NOI | $172,382.25 CAD |
| Unit Size | 2,402 SF |
| Price | $2,462,604 CAD |
| Price Per SF | $1,025.23 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Cap Rate | 7.00% |
| NOI | $172,382.25 CAD |
Description
The subjects are arranged over ground and basement levels and form part of a 6 storey, traditional stone building held under a pitched and slated roof. Access to the subjects is via a recessed pedestrian door with the frontage benefiting from an extensive glazing display.
Sale Notes
clients are seeking offers over £1,350,000 exclusive of VAT which reflects a Net Initial Yield of 7.00% after allowing for standard purchasers’ costs of 5.95%.
Interior Photo
Interior Photo
Interior Photo
Presented by
Company Not Provided
42-50 Gordon St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.