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Citypoint 2, Glasgow

Office for sale in Glasgow

£2,500,000 / 38,836 sq ft

by Lisney (NI) Ltd
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3D tour image 1: Matterport 3D Scan for Citypoint 2 - Ground Floor Tour
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3D tour image 2: Matterport 3D Scan for Citypoint 2 - 1st Floor Tour
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3D tour image 3: Matterport 3D Scan for Citypoint 2 - 2nd Floor Tour
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3D tour image 4: Matterport 3D Scan for Citypoint 2 - Third Floor
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3D tour image 5: Matterport 3D Scan for Citypoint 2 - 4th Floor Tour
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Highlights

Features

Full address
25 Tyndrum St, Glasgow G4 0JY – Glasgow
Asking price
£2,500,000
Brochure
Download the brochure

Sale details

There is 1 space available. This measures 38,836 sq ft.

Sale unit Available

38,836 sq ft, £64.37 per sq ft

Unit Sale unit
address 25 Tyndrum St, Glasgow, Glasgow City, G4 0JY, GB
Size 38,836 sq ft
Price £2,500,000
Price per unit £64.37 per sq ft
  • The property comprises a modern detached office building arranged over ground and 4 upper floors, constructed c.
  • 2002 on a self-contained site with generous parking for over 40 cars.
  • The building is of steel frame construction with a mix of block, profile metal sheet and curtain wall glazing to the elevations.
  • The large car park is a mixture of tarmac, pavers and grass infill.
  • The main entrance leads to an attractive double height atrium which accesses the main core of the building.
  • There is a central staircase accessing each floor, which has male and female WC facilities and disabled WC.
  • The building has 2no.
  • glazed passenger lifts each capable of accommodating 10 people.
  • There are 2 additional stair cores used for emergency egress purposes.
  • The office suites are finished to a good standard, with raised access flooring, suspended ceilings, plastered and painted walls and carpet flooring.
  • The building has excellent floor to ceiling heights and abundant levels of natural light.
  • There are also two veranda areas accessed from the fourth floor.
  • A detailed description of the building and associated M&E is available by way of a vendors building survey which is included in the dataroom.
  • Offers invited in excess of £5,350,000 reflecting 9.1% after purchaser's costs of 6.1% and a low capital value per square foot of £138. The property is held by way of Heritable interest (Scottish equivalent of English freehold).
  • Currently let to Aecom and the recently renewed, Hardie Caldwell with reversionary potential on letting vacant floor.
Sale type Investment
Tenure Freehold
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Property facts for Citypoint 2, Glasgow

The property comprises an office building of steel frame construction arranged over five floors.

The property is located on Tyndrum Street in Glasgow, which sits within close proximity to Junction 16 of the M8 Motorway. Queen Street Railway Station is also a short distance from the building.

Number of storeys
5
Parking ratio
1.13
Rentable building area
38,836 sq ft
Year built
2002
Parking
Covered tandem, Reserved, Surface: 44, Surface tandem, Covered

Attachments

PDF #1 Marketing brochure/flyer Download
PDF #2 Marketing brochure/flyer Download

Major tenants

URS Glasgow -
Aecom International firm that provides management and infrastructure solutions to companies.
Hardie Caldwell Accountancy firm based in Glasgow. Founded 1908.

This office for sale is located in Glasgow.

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Leasing team at Lisney (NI) Ltd

Belfast, Gbr

www.lisney.com

Lisney is one of the best-known estate agents in the market. They are the largest Irish-owned full service property advisory company and provide both residential and commercial property services for clients. they have been doing this for quite a while: They were established as Harry Lisney & Son in 1934, having traded as Franks & Franks for the previous ten years. Nobody knows property in Dublin, Cork and Belfast better than Lisney. After all of that time, through all of the property and economic cycles, they are still here. And so are most of their clients. Their ethos of integrity and trust is at the core of everything they do. They pride ourselves on the depth and quality of our research which helps their clients to make more informed and reasoned real estate decisions. They a private limited company, exclusively owned by the directors, each of whom works full time in the business.

A profile photo of Stephen Chambers

Stephen Chambers, Associate Director Investment & Property Finance

Stephen began his career in property in 2008, working in leasing and investment agency. He then worked in Finance, for Ireland’s largest Bank in their Corporate Property Team. Stephen is now an Associate Director in Lisney’s Investment Department having joined in 2015. Stephen acts for a variety of clients including Property Companies, Funds and High Net Worth individuals advising on sale, acquisitions as well as debt sourcing and structuring.
A profile photo of Nicky Finnieston

Nicky Finnieston, Director of Investment & Retail Agency

Nicky has been with Lisney since 2006 and is a Director in the Investment and Retail Department. He previously worked for a national firm of property consultants in London and Glasgow specialising in retail and leisure. Nicky acts for a variety of propco’s, REITs and private equity funds advising on sale and acquisitions as well as providing retail leasing advice for a number of major retailers and landlords.
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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Lisney (NI) Ltd. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Lisney (NI) Ltd for full details and further information. 8530836