• Located in Glasgow City Centre

• Unbroken 10 year lease term

• Secure income to long established and highly respected tenant

• Rent re-based

• Offers in excess of £2,950,000, subject to contract

• 7.04% net initial yield

• 7.52% guaranteed reversionary yield

The property is situated on the north side of Bath Street, a recognised office location within the heart of the City Centre. The building sits one block from Blythswood Square, a well-known Glasgow landmark and home to the 5 star Blythswood Hotel. Sauchiehall Street lies immediately to the north of the subjects and is one of the strongest retailing pitches in Glasgow city centre. Characterised by its attractive pedestrianised section, the street boasts a number of key retail occupiers such as TK Maxx, Primark, Marks & Spencer, Boots, WH Smith and Sainsbury’s, as well as numerous other national multiples.

Immediately behind the subject property, the Charles Rennie Mackintosh designed Willow Tea Rooms are currently undergoing a £7 million refurbishment in order to restore them to their former glory. Originally constructed in 1903, the building was recently acquired by the Willow Tea Rooms Trust. The refurbishment is due to be completed in 2018 and as part of the project there is a proposal to upgrade and improve the lane to the rear of the subjects.

There is a 24 hour Q Park located 1 minute walk from the building providing 372 car spaces with metered parking on Bath Street. In addition to the numerous office occupiers nearby, the surrounding properties provide a mix of commercial uses including hotels - Hampton by Hilton, Apex and Abode Glasgow, bars and restaurants.

The subjects comprise two traditional townhouse buildings that have been combined to provide modern contemporary offices over 4 floors. The buildings are Category B listed and are of sandstone construction with slate mansard roof to the front and part flat roof to the rear extension. The buildings were comprehensively refurbished in 2003 being fully modernised throughout including

• Full height atrium housing 8 person glass elevator serving all floors
• Raised access floors within majority of building
• Gas central heating
• Partial air conditioning
• Fire Alarm and Security alarm recently upgraded
• Boilers recently renewed
• Outdoor staff area

There is a mixture of cellular and open plan offices provided over lower ground, ground, first and second floors. There is a generous provision of toilets throughout and excellent staff/kitchen facilities.

The property is very well-maintained by the tenants who have a comprehensive maintenance programme in place.

£178,000.

Heritable (Scottish equivalent to English freehold).

Wylie & Bisset LLP is an independent practice of chartered accountants based in Glasgow and working throughout the UK. The firm has a long standing history spanning over 300 years and acts for companies and organisations across a wide spectrum, employing approximately 125 staff in Glasgow.

For further information please visit www.wyliebisset.com

More detailed financial information will be made available to seriously interested parties when appropriate.

The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

1. An opportunity to acquire a substantial self-contained office building in Glasgow City Centre;

2. Lease extended showing tenant’s commitment to the building;

3. Guaranteed 10 year income with no breaks

4. Secure rental income with fixed increase in 5 years time

5. Re-based rent

6. A purchase at the asking price reflects an attractive yield profile.