**New Sale - Atrium Court, Glasgow**
Atrium Court provides a rare opportunity to acquire a landmark office in an undoubted location within Glasgow’s CBD offering ultimate asset management flexibility to drive and optimise value.
✅100% prime location on one of Glasgow's best offices addresses, just 160 yards from Glasgow Central Station with excellent amenities in the micro-location.
✅ 104,015 sq ft modern office occupying a half city block building behind a striking facade.
✅Large and flexible floor plates benefiting from excellent natural light, allowing for ultimate letting flexibility.
✅ Let to four tenants, with a total passing rent of £1,507,576 per annum reflecting an extremely low rate of £17.45 per sq ft.
✅ Weighted average unexpired lease term of 1.9 years, providing the opportunity to realise significant near-term reversion.
✅Multiple business plan opportunities including:
1. Re-gear / restructure existing leases with committed tenants;
2. Comprehensive refurbishment to create a best-in-class office to take advantage of the severe lack of Grade A supply in Glasgow, where prime rents are currently £39.50 per sq ft;
3. Underlying redevelopment potential for a variety of alternative uses including PBSA, BTR, residential and hotel.
Offers are sought in excess of £13,000,000 / NIY 10.87% and a low capital value of only £125 psf.
For further information please contact Myself, Simon Verrall or Chrissi Ayre.
https://lnkd.in/d-dEUfwM
