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The Range Great Western Rd 53,343 SF 100% Leased Retail Building Glasgow G15 6RX $12,172,335 ($228.19/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Car parking
- Great transport links.
- Destination property.
EXECUTIVE SUMMARY
Xprop has brought a retail park on the outskirts of Glasgow has to market with an asking price of £9.12m.
Located on a 4.7-acre site, Atlas Retail Park is a modern purpose-built scheme constructed in 2022 with a gross internal area of 53,343 sq ft. The asset is predominantly let to The Range, which operates a 50,251 sq ft unit, with one smaller, 3,092 sq ft unit let to Flooring Superstore.
The retail park generates a passing rent of £632,500, reflecting an average rent of £11.86 per sq ft. Of this income, 87% is secured to The Range for another 16.7 years, with five-yearly RPI indexations.
Located on a 4.7-acre site, Atlas Retail Park is a modern purpose-built scheme constructed in 2022 with a gross internal area of 53,343 sq ft. The asset is predominantly let to The Range, which operates a 50,251 sq ft unit, with one smaller, 3,092 sq ft unit let to Flooring Superstore.
The retail park generates a passing rent of £632,500, reflecting an average rent of £11.86 per sq ft. Of this income, 87% is secured to The Range for another 16.7 years, with five-yearly RPI indexations.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Freestanding
Building Size
53,343 SF
Building Class
B
Year Built
2022
Price
$12,172,335
Price Per SF
$228.19
Cap Rate
6.50%
NOI
$791,202
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
4.70 AC
Parking
71 Spaces (1.26 Spaces per 1,000 SF Leased)
Frontage
587’ on Golf Drive
AMENITIES
- 24 Hour Access
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NEARBY MAJOR RETAILERS
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VIDEOS
MATTERPORT 3D EXTERIOR
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The Range | Great Western Rd
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