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Office

Office For Sale Glasgow

PROPERTY ID: 116845

PROPERTY TYPE

Office

STATUS

Under Offer

SIZE

9,643 sq.ft

Key Features

High-quality office building totaling 9,643 sq ft located in the Castlemilk area of Glasgow
The property is currently 63% let to seven separate tenants presenting an attractive asset management opportunity
The current passing rent is £54,000 per annum (£8.75 per sq ft)
48% of the current income (£25,897 per annum) is from the Department for Work & Pensions, guaranteed until 2030
Department for Work & Pensions occupies 32% of the total floorspace (3,106 sq ft) and has an RPI linked rent review in 2025, collared & capped at 1% & 3%
The business centre has an Estimated Rental Value of £90,000 per annum
Weighted Average Unexpired Lease Term (WAULT) of 3.01 Years
Zoned as Economic Development Area within Glasgow City Development Plan

Property Details

Glenwood Business Centre is a well landscaped estate located within the Castlemilk area of Glasgow approximately 6.3 miles south of Glasgow city centre. The property is located in Glenwood Place, close to Castlemilk town centre and Castlemilk swimming pool. The area benefits from excellent transport links via the M74. Additionally, Croftfoot, Kings Park and Burnside train stations are nearby.

Glenwood Business Centre Comprises Of A Total Of 21 High Quality Office Suites Of Various Sizes Within A Two Storey Detached Office Building. The Building Is Of Steel Frame, Brick/block Construction With A Pitched Roof Clad In Profile Metal Sheeting. The Location Has Been A Small Business Hub Since Its Inception And Is A Great Place For New And Existing Businesses To Grow And Develop. Notably, This Site Has Been Popular With Indigenous Businesses And Professional Services Capitalising On The Small Business Client Base In The Area. The Property Has Also Been Popular With Community Organisations Due To Its Accessible Location And The Flexibility Of Lease Structures Offered.

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About the Agent

Graham & Sibbald-Glasgow

See Agent's Other Properties

Office Unit

£380,000 Freehold

Glenwood Business Centre,Glenwood Place, Glasgow, G45 9UH
Office - Under Offer
9,643 sq ft
896 sqm
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