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14 Carmyle Ave 16,293 SF 100% Leased Office Building Glasgow G32 8HJ $932,674 ($57.24/SF) 7.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Refurbished building with 33 dedicated car parking spaces
- The subject property is well served by public transport links
- Situated on the western side of Carmyle Avenue within the Tollcross area of Glasgow
EXECUTIVE SUMMARY
Seeking offers in excess of £700,000 reflecting a Net Initial Yield of 7.9% after allowing for purchaser's costs. Upon achieving full occupancy, the purchase price will reflect
a reversionary yield of 16.9%.
a reversionary yield of 16.9%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
16,293 SF
Building Class
C
Year Built
1967
Price
$932,674
Price Per SF
$57.24
Cap Rate
7.90%
NOI
$73,681
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,431 SF
Building FAR
0.79
Lot Size
0.47 AC
AMENITIES
- Automatic Blinds
- Storage Space
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14 Carmyle Ave
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