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St Enoch Square, Full Third Floor, Glasgow City Centre G1

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Property description & features

Status: Available
Type: Commercial
Ownership: Freehold
Occupation: Tenanted
AUCTION DATE: 28 November 2024

Nestled in a prestigious central spot overlooking St Enoch Square, this office space offers magnificent views of central Glasgow. Immerse yourself in the bustling cityscape while maintaining a professional and inspiring atmosphere for your business. Development Opportunities: There is the possibility of a title split (subject to planning) that would allow for the formation of 8 offices in the current configuration or up to 12 offices with re-configuration. Individually selling these offices could achieve around £50k per office, with a total development value of up to £600,000. It's also worth noting that converting the space into flats, as has been successfully done with other offices in the area (subject to planning), can yield a GDV of approximately £900,000 to £1,000,000 million X four 500 Sq.Ft residential flats. • Available Immediately • Recently Refurbished in May 2023 • Elevator Access • Fully Furnished with Office Furniture (can be emptied if required) • Secondary Glazing for enhanced noise reduction and insulation • 7 Private Offices • 1 Large Conference Room • 1 Spacious Co-working Area • 1 Communal Kitchen Area • Separate Ladies & Gents Toilet Facilities (5 toilets in total) • Secure Door Entry System for added security • Fibre Broadband Ready with CAT 5 cabling throughout • Fire Alarms/Extinguishers for safety compliance • Air Conditioning for optimal comfort • Fully equipped with low-energy LED Lighting Achievable rent of £40,000 (P.A) to a single tenant. Alternatively, with a strategic business approach, the potential rental income can soar to £70,000+ (PA) when rented on a per-room basis, creating a thriving business centre. This estimate does not include the additional revenue generated from meeting and training room rentals. Room-by-room rentals can command £750 - £900 PCM per room, with meeting room hire priced at £200 per day.

Auction Details
28 November 2024, 10am-3pm
Timed Online Auction

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We are Scotland's LARGEST dedicated residential and commercial Property Auctioneer. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender. Our Auction calendar features both traditional and online property auctions covering the whole of the country. Each Auction offers a mix of Commercial and Residential property as well as land and other development opportunities. Properties are accepted from both Private and Corporate Vendors alike and we welcome enquires from all potential clients. Future Auctions LTD is a Limited Company registered in Scotland with Registration Number 358597. We are a fully indemnified professional limited company regulated by the Property Ombudsman. Our auctioneers are all members of the National Association of Auctioneers and Valuers thus ensuring our strict code of conduct and professionalism.

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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:

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

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Mobile phone signal availability and predicted strength

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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
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