George House, 50 George Square, Glasgow

Landmark city centre office investment with excellent repositioning and redevelopment potential
  • Prime office with future repositioning and redevelopment potential in a highly prominent position on George Square at the heart of Glasgow’s regeneration.
  • Let to high quality tenants including Rathbones Group plc, Network Rail Infrastructure Ltd and Anderson Strathern LLP with a low average office rent of £19.07/ sqft.
  • Leisure space let to Costa Limited and The Alchemist Bar & Restaurant at a low average rent of £25.71/sq.ft.
  • Very strong income weighted Experian score of 97.5/100.
  • WAULT to expiry of 6 years and to breaks of 2.8 years.
  • Landlord break options in the office leases in 2029 to permit repositioning or redevelopment.
  • Extending to a total NIA of 99,740 sqft.
  • Net sale income of £1,991,251 per annum.
  • Offers in excess of £16,500,000/ 11.31% reflecting a low capital value of £166 psf.

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