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20-26 Buchanan St
27,163 SF Retail Unit Offered at £12,500,000 in Glasgow G1 3LB
Investment Highlights
- Let to Nike with passing rent of £875,000 pa
- Lease extended to November 2034 with TBO in November 2029.
- Tenant undertaking major refit, demonstrating commitment to the store.
Executive Summary
Retail property of traditional sandstone construction situated on Glasgow's main shopping thoroughfare,
Property Facts
| Price | £12,500,000 | Sale Type | Investment |
| Unit Size | 27,163 SF | Building Class | B |
| No. Units | 1 | Number of Floors | 7 |
| Total Building Size | 45,890 SF | Typical Floor Size | 6,169 SF |
| Property Type | Retail (Unit) | Year Built | 1888 |
| Property Subtype | Storefront Retail/Office | Lot Size | 1.16 AC |
| Price | £12,500,000 |
| Unit Size | 27,163 SF |
| No. Units | 1 |
| Total Building Size | 45,890 SF |
| Property Type | Retail (Unit) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | B |
| Number of Floors | 7 |
| Typical Floor Size | 6,169 SF |
| Year Built | 1888 |
| Lot Size | 1.16 AC |
1 Unit Available
Unit 20-26
| Unit Size | 27,163 SF | Sale Type | Investment |
| Price | £12,500,000 | Tenure | Freehold |
| Price Per SF | £460.18 | Net Initial Yield | 6.60% |
| Unit Use | Retail | NOI | £825,000 |
| Unit Size | 27,163 SF |
| Price | £12,500,000 |
| Price Per SF | £460.18 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
| Net Initial Yield | 6.60% |
| NOI | £825,000 |
Description
The subjects occupy the basement, ground, first and second floors within a traditional seven storey red sandstone building which was redeveloped by BAM in 2006. The tenant is currently undertaking a substantial refit of the store.
Sale Notes
Offers over £12,500,000 are invited for the heritable interest in the property
Amenities
- Raised Floor
- Security System
- Air Conditioning
Nearby Major Retailers
-
Ewen White -
Lambert Smith Hampton
Presented by
20-26 Buchanan St
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