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42-50 Gordon St 2,402 SF Retail Condo Unit Offered at $1,815,029 in Glasgow G1 3PU
Investment Highlights
- Prime city centre retail investment opportunity
- Passing rent of £100,000 per annum
- Close to Glasgow central station
Executive Summary
The subjects are situated on the north side of Gordon Street, equidistant between Glasgow Central Station to the west and Buchanan Street to the east, making this location one of the highest pedestrian thoroughfares within the city centre. Nearby occupiers in the immediate vicinity include La Vita, Barrhead Travel, Tesco, Co-Op Bank, Pret A Manger, Hays Travel, Greaves Sports, Oliver Bonas, Royal Bank of Scotland and Caffè Nero
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Cap Rate | 7.00% |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| Tenure | Freehold |
Description
The subjects are arranged over ground and basement levels and form part of a 6 storey, traditional stone building held under a pitched and slated roof. Access to the subjects is via a recessed pedestrian door with the frontage benefiting from an extensive glazing display.
Sale Notes
clients are seeking offers over £1,350,000 exclusive of VAT which reflects a Net Initial Yield of 7.00% after allowing for standard purchasers’ costs of 5.95%.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 42 | 2,402 SF | Retail | $1,815,029 ($755.63/SF) | $127,052.00 |
Unit 42
| Unit Size |
| 2,402 SF |
| Condo Use |
| Retail |
| Price |
| $1,815,029 ($755.63/SF) |
| NOI |
| $127,052.00 |
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Unit 42
| Unit Size | 2,402 SF |
| Condo Use | Retail |
| Price | $1,815,029 ($755.63/SF) |
| NOI | $127,052.00 |
| Sale Type | Investment |
| Cap Rate | 7.00% |
| Tenure | Freehold |
| Description | |
| The subjects are arranged over ground and basement levels and form part of a 6 storey, traditional stone building held under a pitched and slated roof. Access to the subjects is via a recessed pedestrian door with the frontage benefiting from an extensive glazing display.</li></ul> | |
| Sale Notes | |
| clients are seeking offers over £1,350,000 exclusive of VAT which reflects a Net Initial Yield of 7.00% after allowing for standard purchasers’ costs of 5.95%.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 13,260 SF | Typical Floor Size | 2,210 SF |
| Property Type | Office (Condo) | Year Built | 1850 |
| Building Class | B | Lot Size | 0.42 AC |
| Floors | 6 | Parking Ratio | 3.77/1,000 SF |
| Total Building Size | 13,260 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 6 |
| Typical Floor Size | 2,210 SF |
| Year Built | 1850 |
| Lot Size | 0.42 AC |
| Parking Ratio | 3.77/1,000 SF |
Amenities
- Conferencing Facility
- Security System
- Air Conditioning
- Raised Floor System
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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42-50 Gordon St
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