Situated in the prominent ground floor location of 176/178 Bath Street, on the corner of the north side of Bath Street and the east side of Blythswood Street, the property represents an excellent opportunity to acquire a prime city centre office.
The 3,071 sq ft office has a dedicated main door entrance and car park space and is situated directly below the first floor office which has just been acquired for owner/occupation by Gillespie Investments.
Jamie Savage, surveyor at J&E Shepherd said: "The original townhouse here was demolished around 20 years ago and a new building constructed, enabling future purchasers to benefit from a modern structure with a traditional townhouse feel. The office itself comprises a ground floor office suite which benefits from excellent return frontage to both Bath Street and Blythswood Street.
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"Bath Street is an established office location and located in close proximity to Glasgow's main bus and railway stations. Blythswood Street links Bath Street to Sauchiehall Street, giving access to a wide range of retail, restaurant, hotel and leisure facilities and we anticipate keen interest in this attractive investment opportunity."
In addition to Gillespie Investments, surrounding occupiers within the immediate area include MacRoberts Solicitors as well as a number of other offices, restaurants and bars.
The investment is currently held by way of a lease to Blythswood Associates expiring February 2011 with a current rent passing of £38,500. The property also benefits from one dedicated car parking space at £2000 pa, which is in addition to the rent. The above rental figures are currently subject to an outstanding rent review.
(GK/JM)
