The Stables 21-25 Carlton Ct 10,446 SF Vacant Office Building Glasgow G5 9JP $1,059,251 ($101.40/SF)

Well presented office building Passing rent - £45,756 per annum ERV - £112,000 per annum WAULT - 4.32 years and 1.87 years to break Attractive asset management opportunity Category-B listed building currently benefiting from rates exemption Excellent public transport and motorway links
High quality, recently refurbished office building totalling 934.50 sq.m. (10,059 sq.ft.) located on the South Bank of the River Clyde. The property is currently let to four separate tenants presenting an attractive asset management opportunity. The current passing rent is £45,756 per annum (£11.23 per sq.ft.). The subjects have an estimated rental value of £112,000 per annum. Weighted Average Unexpired Lease Term (WAULT) of 4.32 years and 1.87 years to break. Zoned as Transformational Regeneration Area within Glasgow City Development Plan. Ideally located out with the Low Emission Zone (LEZ).
Glasgow is Scotland's largest city, and the third largest in the UK. The Stables is located on the South Bank of the River Clyde and occupies a prominent but quiet position in the middle of Carlton Court, adjacent to Cumbrae House (The Prince's Trust), close to its junction with Bridge Street immediately south of the city centre.
Excellent nearby transport links are provided;
5-minute walk to Glasgow Central Station (400m) 3-minute walk to Bridge Street Underground Station M8 and M74 motorway access found within a 5-minute drive Regular bus services operate on Bridge Street Glasgow Airport 15-minute drive west
Attractive Category B listed office building Secure gated access off Carlton Court, with secure entry system, providing access to attractive courtyard. Access to the accommodation is found off the courtyard with 3 X entrances with two passenger staircases providing access to the upper floors. New and recently installed fire alarm and smoke detector system. Accommodation is setup to provide 8 X refurbished office suites with WC and kitchen tea preps on each floor. The accommodation has been fully refurbished with fresh carpet tiles, LED lighting units, and electric storage heaters.
Parking is provided within the courtyard whilst metered on-street parking is provided and additional parking can be found at Bridge Street Underground Station, as well as various multi-storey car parks in the city centre.
Eating and shopping amenities are found on Bridge Street with additional city centre amenities found just a 5-minute walk north at St Enoch Centre, Buchanan Galleries, and Argyle Street.
In addition to being located centrally and convenient to the City Centre, The Stables is positioned within 'City Centre South' and the 'Clyde Waterfront', both of which have attracted significant investment and are in advanced development.
Major projects include 'Buchanan Wharf', a 1.25M sq ft development home to Barclays Glasgow Campus which has created space for 5,000 staff.
The current service charge for the building equates to a low rate of £2.50 per sq.ft. (subject to annual review in line with inflation).
The subjects are ideally located out with the Low Emission Zone (LEZ).