2-8 Buchanan St 13,169 SF 100% Leased Retail Building Glasgow G1 3JN £9,500,000 (£721.39/SF) 6.95% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Located on Glasgow’s Prime retailing thoroughfare
- Buchanan Street currently has less than 2% vacancy
- Uppers split into 8 residential apartments all let on Private Residential Tenancies
EXECUTIVE SUMMARY
The premises comprise an entire Grade B Listed stone building constructed in 1929 which provides retail accommodation over basement, ground and first floors with 8 residential units in the floors above.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
13,169 SF
Building Class
B
Year Built
1929
Price
£9,500,000
Price Per SF
£721.39
Net Initial Yield
6.95%
NOI
£660,250
Percent Leased
100%
Tenancy
Multiple
Number of Floors
6
Building FAR
3.52
Lot Size
0.09 AC
AMENITIES
- Banking
- Bus Route
- Storage Space
1 of 1
NEARBY MAJOR RETAILERS
