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TEN Ballater St 85,000 SF 100% Leased Office Building Glasgow G5 9PS $42,097,520 ($495.26/SF) 5.75% Cap Rate
Investment Highlights
- Car parking
- Good transport links
- Great location.
Executive Summary
We are instructed to seek offers in excess of £30,900,000 exclusive of VAT. A purchase at this level would reflect a net initial yield of 5.75%, assuming standard purchasers costs
based on LBTT.
Current passing rent of £1,897,000 p.a equating to £30.69 per sq.ft. (assuming car spaces at £3,000 each) subject to 5 yearly rent reviews with a 7.73% minimum uplift.
based on LBTT.
Current passing rent of £1,897,000 p.a equating to £30.69 per sq.ft. (assuming car spaces at £3,000 each) subject to 5 yearly rent reviews with a 7.73% minimum uplift.
Property Facts Sale Pending
Sale Type
Investment
Property Type
Office
Tenure
Long Leasehold
Building Size
85,000 SF
Building Class
B
Year Built
1989
Price
$42,097,520
Price Per SF
$495.26
Cap Rate
5.75%
NOI
$2,420,607
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
21,250 SF
Building FAR
0.91
Lot Size
2.15 AC
Parking
40 Spaces (0.47 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Wheelchair Accessible
- Air Conditioning
- Backup Power / Generators
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TEN | Ballater St
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