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200 Broomielaw, Glasgow, GLG

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200 Broomielaw

Glasgow, G1 4RU

Property type:Office Sub Type:- Status:Existing Year built:2004
Floors:9 Typical floor:8,804 sq ft Building size:79,236 sq ft
For sale price:£16,500,000 Price:£208.24 sq ft
Yield:10.68 %
Parking:60 Covered spaces are available; Ratio of .75/1,000 SF Amenities:24 Hour Access, Air Conditioning, Atrium, Balcony, Bus Line, Raised Floor, Security System, EPC - C

The property comprises full Grade A specification office accommodation arranged over nine floors. Inspired by Glasgow’s nautical heritage, the building provides offices overlooking the River Clyde with unrestricted views beyond to the South of the city.

The building is prominently located within the heart of Glasgow’s International Financial Services District on the north bank of the River Clyde. The Broomielaw is a well-established commercial hub in the city centre and has recently undergone extensive public realm works. The building gives excellent access to Glasgow’s major transport hubs with Central and Queen Street Train Stations nearby. The premises is well served by a number of bus routes, Anderston Train Station and Glasgow’s subway network.

Sale Notes:
Glasgow is experiencing an acute shortage of available office supply coinciding with a high level of occupier requirements.
Significant level of recent occupational activity in the immediate area.
Quality office building providing 79,236 sq ft over ground to 8th floor and 31 car spaces at basement level.
Let to high quality tenants, Atkins Limited and Chubb Services UK Limited, with a WAULT of 2.09 years to expiry and a current passing rent of £1,762,824 per annum, with an average rental rate of £21.44 per sq ft.
Opportunity to add value through refurbishment to re-gear leases or re-let, capitalising on a strong occupational market to push rents on and increase length of secure income.
Offers are sought in excess of £16,500,000 (Sixteen million five hundred thousand pounds) exclusive of VAT for our client's heritable interest, reflecting a Net Initial Yield of 10.01% and a low capital rate of £208 per sq ft, assuming purchaser's costs based on LBTT.

Cushman & Wakefield
Carolyn McEwan
0141 304 3258

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