office
Ref 18150

150, St. Vincent Street

G2 5NE Glasgow

To buyPlease contact us
Size72,401 ft² / 6,726 m² (approx. 670 desks)

Summary

MULTI-LET PRIME OFFICE INVESTMENT, EXCEPTIONAL DEVELOPMENT OPPORTUNITY

  • Outstanding opportunity to acquire a prime office building in one of Glasgow’s best office locations
  • Exceptional opportunity to create an exemplar retro first office development extending to approximately 140,000 sq ft on one of Glasgow’s most prominent city centre sites

Accommodation

The property extends to 69,735 sq ft (6,479 sq m) across lower basement, ground and 6 upper floors, it also provides 24 car parking spaces.

Floor/UnitSizeAvailability
6th3,767 sq ftOccupied
5th10,735 sq ftOccupied
4th11,238 sq ftOccupied
3rd11,238 sq ftOccupied
2nd11,138 sq ftAvailable
1st12,893 sq ftOccupied
Ground808 sq ftOccupied
Ground5,688 sq ftOccupied

Description

  • The building occupies a high profile corner position on St Vincent Street and Wellington Street, in the heart of Glasgow’s Central Business District.
  • The property extends to a net internal area of 6,479 sq m (69,735 sq ft) across lower basement, ground and 6 upper floors, it also provides 24 car parking spaces.
  • Total current income of £879,873 pa. Rental rates range from £13.95 per sq ft to £25.71 per sq ft. The low rental tone across the building would be considered as highly reversionary in the current market.
  • A multi-tenanted asset let to a number of high quality tenants providing a WAULT of 3.98 years (2.39 years to break).
  • Landlord development break options from November 2022 to facilitate redevelopment.
  • Outstanding opportunity to benefit from strong occupational market dynamics and from significant upside through active asset management.
  • Heritable Interest (Scottish Equivalent to English Freehold).

Energy rating

Energy rating E

Location and Transport

Outstanding opportunity to acquire a prime office building in one of Glasgow’s best office locations. The building occupies a high profile corner position on St Vincent Street and Wellington Street, in the heart of Glasgow’s Central Business District

Disclaimer

JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:

  1. The particulars are set out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract;
  2. All descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise;
  3. No person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property;
  4. Any images may be computer generated. Any photographs show only certain parts of the property as they appeared at the time they were taken;
  5. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law.

© 2021 Jones Lang LaSalle IP, Inc.