Marketed by
Shepherd Chartered Surveyors
Glasgow
26 W Nile St, Glasgow G1 2PF
Available
1 of 6
Offers Over
£550,000
The Studio, 5 Newton Terrace Lane, Glasgow, Lanarkshire, G3 7PB
4108 sq. ft (381.65 m²)
Key features
- Office Investment
- Convenient West End location
- Includes six private parking spaces
- Fully occupied - £46,600 p.a.
- 381.68 sq. m. (4,108 sq. ft.)
- Offers over £550,000
Description
The subjects comprise a detached mews property formed over four levels and includes a private car park capable of accommodating six vehicles.
The property is divided into three separate suites all of which are let although with tenants having sub let part of the space within the building.
The property is subject to three leases, the main terms are as follows:
First Floor & Attic
Let for a period of 10 years from 18th October 2020 with tenant break option on 17th October 2026. The passing rent is £24,000 p.a.
Ground/Basement Floor Studio A
Let for 5 years from 1st March 2024 with tenant break option at 28th February 2027. The passing rent is £13,000 p.a.
Ground/Basement Floor Studio B
Let for a period of approx. 7.5 years from 1st June 2019 extended to 31st May 2029 with a tenant break option at 31st May 2027. The rent passing is £9,600 p.a.
The total rent passing is therefore £46,600 per annum.
As noted above individual tenants have sub let part of their space with the landlord's permission.
A copy of the leases are available upon request.
The property is divided into three separate suites all of which are let although with tenants having sub let part of the space within the building.
The property is subject to three leases, the main terms are as follows:
First Floor & Attic
Let for a period of 10 years from 18th October 2020 with tenant break option on 17th October 2026. The passing rent is £24,000 p.a.
Ground/Basement Floor Studio A
Let for 5 years from 1st March 2024 with tenant break option at 28th February 2027. The passing rent is £13,000 p.a.
Ground/Basement Floor Studio B
Let for a period of approx. 7.5 years from 1st June 2019 extended to 31st May 2029 with a tenant break option at 31st May 2027. The rent passing is £9,600 p.a.
The total rent passing is therefore £46,600 per annum.
As noted above individual tenants have sub let part of their space with the landlord's permission.
A copy of the leases are available upon request.
Reference: 2170_sales
Marketed by
Shepherd Chartered Surveyors
Glasgow
26 W Nile St, Glasgow G1 2PF
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