Grosvenor Building, 72-76 Gordon Street, Glasgow, G1 3RS

Opportunity to purchase a prime city centre office and retail investment, located within Glasgow's Central Business District Highly prominent location directly opposite Glasgow Central StationHeritable (Freehold) Interest The building provides modern Grade A office space arranged over six upper floors extending to 4,652.9 sq m (50,083 sq ft) At ground floor level there is a large prime retail unit extending to 587.4 sq m (6,323 sq ft) and an ITZA of 308.4 sq m (3,320 sq ft)The Grosvenor Building has been comprehensively refurbished at a cost of £3.5m, reflecting £70 per sq ft 29 secure basement car parking spaces The income on the let space is secured against the strong covenants of Bank of Scotland plc (will revert to Sainsbury's Supermarket Ltd in 2017) and Cigna Life Insurance Company of Europe SA/NV Full Repairing and Insuring LeasesWeighted average unexpired term of 8.58 years (6.37 years to break)Provides an annual rental income of £1,306,681.50 Offers are sought in excess of £19,500,000 (Nineteen Million, Five Hundred Thousand Pounds Sterling), exclusive of VAT, for our client's heritable interest, reflecting an attractive net initial yield of 6.31% and a capital value per sq ft of £346.00, assuming purchaser's costs of 6.25%.

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