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For Sale
Citypoint, 21 Tyndrum Street, Glasgow, City Of Glasgow, G4 0JY
Tenure

For Sale

Type

Office

Price

Offers in Excess Of £2,450,000

Size

32,571 Sq Ft

Ref No

11897

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Property Highlights

  • Prominent city centre office building with short term income
  • Highly visible location with excellent accessibility
  • Ideal HQ opportunity
  • Let to Response (Building Rewarding Relationships) Ltd with a parent company guarantee from Kura (CS) Ltd until 20 October 2026, limited by a photographic schedule of condition
  • The building extends to 32,571 sq ft together with 30 car spaces
  • Current passing rent of £515,000 per annum reflecting £15.72 per sq ft inclusive of parking
  • Scope for change of alternative use redevelopment
  • Offers in excess of £2.45 million for the heritable interest are invited. This reflects an attractive NIY of 19.77% after allowing for standard costs and LBTT and a low capital rate of £75 per sq ft

Overview

Office investment for sale with redevelopment potential.

Citypoint is located on the nothern edge of Glasgow city centre with immediate access to the motorway network.

The building is arranged over 4 floors and is of modern construction with steel frame and a mixture of glazing and curtain walling system.

The internal space is accessed via a central core and entrance area providing access to two wings within an 'L' shaped floor plate. Each floor can be occupied separately or sub divided if desired with each floor having dedicated male and female toilets. The tenant occupies the building as their headquarters and have arranged the space to include canteen and amenity space for staff on the ground floor and a mixture of open plan accommodation and meeting space on the upper floors.

Stuart Low Image

Stuart Low

Preston Mommsen Image

Preston Mommsen

Senior Surveyor

Tim Jacobsen Image

Tim Jacobsen

Partner

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