No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Offers in region of£2,100,000
Added > 14 days

Property for sale

Hatrack Building, 144 St Vincent Street, Glasgow, G2 5LQ
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Property
0 bed
0 bath

Property description & features

McEwan Fraser Legal is delighted to present to the market The Hatrack, formally known as St Vincent Chambers. The Hatrack stands as a sublime testament to the city’s rich architectural heritage. Designed by James Salmon Jnr and built in 1902, the building is famous for its highly-detailed and abundantly-glazed Art Nouveau facade. Expanding over eight floors The Hatrack now welcomes modern professionals to its Grade A listed premises. This iconic building offers a rare blend of traditional elegance and contemporary office suites, meticulously designed to cater to a variety of business needs. The majority of the office space is tenanted, currently offering an 8% return on investment.

The property expands over eight floors, seven of which offer approx 1952 sq mt of flexible office space and the eighth floor housing the central plant room. Each floor benefits from shared facilities such as ladies and gent's WC and kitchen areas and is serviced by an iconic wrought-iron lift cage or can be accessed by the decorative central staircase.

The building is currently tenanted by a variety of professional companies and currently offers a generous 8.75% rental yield. Given the history and location of The Hatrack and with the correct consent the property would make an excellent aparthotel or residential development.

The Hatrack is more than just an office space; it’s a prestigious address set within a historic icon of Glasgow’s architectural realm. Early viewing is highly recommended to appreciate the endless potential the property has to offer.

Services - Mains gas, electric, water and drainage
Tenure - Freehold
Financials - Lease and accounts information will be released following a formal note of interest

Property information from this agent

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    McEwan Fraser Legal is an award-winning Solicitors and Estate Agents. We have properties for sale all over Scotland including Edinburgh and Glasgow. We specialise in the sale of both residential and commercial properties. With a proven track record, we strive to provide the best service an Estate Agents can offer; our Property Matching database benefits both sellers and buyers as it matches buyers to their ideal property.

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    Property reference MFL4238701. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Mcewan Fraser Legal - Edinburgh.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.