An opportunity to acquire a trophy office building in Glasgow, with value adding potential, in a strong occupational market featuring critically low supply levels of Grade A space.
Aurora is an architectural masterpiece, extending to 173,950 sq.ft (16,160.50 sq.m), commanding an imposing position on a high profile site on Bothwell Street, between Blythswood Street and Douglas Street.
Arranged over 2 lower ground levels, ground and 9 upper floors offering flexible and adaptable, virtually column free space together with parking for 77 cars.
Multi let to 6 high quality tenants, the asset produces an annual rent roll of £4,910,999 pa with rents ranging from £24.65 per sq.ft to £29.35 per sq.ft.
WAULT of 3.53 years to expiries and 3.01 years to breaks.
The current letting profile affords an opportunity to capture significant short term reversion following lease regears or refurbishment and new lettings.
Offers in excess of £57,500,000 are invited for the benefit of our client’s heritable interest reflecting a net initial yield of 8.00% assuming purchaser’s costs at 6.78% and a low capital value of £331 per sq.ft.