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133 Finnieston Street, Glasgow, G3 8HB
60,377 Sq Ft / Offices
Withdrawn - Last updated: 05 October 2020
INVESTMENT SUMMARYGlasgow is one of Europe’s most dynamic and vibrant cities.An iconic building located in the vibrant Finnieston area of Glasgow.Highly specified office extending to 60,377 sq.ft (5,609 sq.m) and benefitting from 56 secure car parking spaces (providing a ratio of 1:1,078).Significant capital expenditure programme completed in 2014 to include recladding and reception upgrade.Let to a strong tenant line up including Fortis Lease UK Limited, Clintec International Limited, Hoiba Jobin Yvon IBH Limited, Trust Deed Scotland, The Dean Partnership and Material Communications Group Limited.Current contracted gross rental income of £XXX per annum, with a potential reversion to £XXX per annum.Office income provides a WAULT to expiry of 7.59 years and 5.99 years to breaks.Heritable interest (Scottish equivalent of English Freehold).Offers in excess of £XXX (five million, five hundred pounds sterling), representing a capital value of £XXX psf, are invited for the benefit of our client’s Heritable interest in the property.A purchase at this level would provide the following yield profile, after purchaser’s costs of 6.12%:Gross income yield: 11.80%Triple net initial yield: 8.40%Equivalent yield: 13.61%Reversionary yield: 15.72%For further information please visit the dataroom at: http://133-finnieston-street.live.jll.com
Location
133 Finnieston Street, Glasgow , G3 8HB, Lanarkshire, Scotland
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