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The Hatrack 142a-144 St Vincent St 15,714 SF 100% Leased Office Building Glasgow G2 5LQ $2,003,687 ($127.51/SF) 10.50% Cap Rate
Investment Highlights
- Heavy daytime footfall
- In close proximity to Glasgow Central Station
- Great local amenities
Executive Summary
This attractive category A Listed property was designed by the famous Glasgow architect James Salmon Jr and was completed in 1902. It is arranged over the ground and seven upper floors to provide office accommodation, The property benefits from two 8- person passenger lifts which serve all office floors, whilst WC and tea preparation facilities are also on each floor. The lower ground floor café and bar are not included in the sale. The vendors have completed a refurbishment of the building-both exterior brickwork and interiors.
Property Facts
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Property Subtype
Loft/Creative Space
Building Size
15,714 SF
Building Class
B
Year Built
1902
Price
$2,003,687
Price Per SF
$127.51
Cap Rate
10.50%
NOI
$210,387
Percent Leased
100%
Tenancy
Multiple
Building Height
9 Stories
Typical Floor Size
1,746 SF
Building FAR
3.14
Lot Size
0.11 AC
Amenities
- 24 Hour Access
- Controlled Access
- Wheelchair Accessible
- Smoke Detector
- Raised Floor System
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The Hatrack | 142a-144 St Vincent St
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