Reith Lambert

Investment for Sale at 31-37 Admiral Street, Kinning Park, Glasgow

Investment for Sale at 31-37 Admiral Street, Kinning Park, Glasgow

Investment for Sale at 31-37 Admiral Street, Kinning Park, Glasgow

Reith Lambert have been instructed to market the Investment Sale of 31-37 Admiral Street, Kinning Park, Glasgow

  • Exceptional location, close to Glasgow City Centre with immediate access to the M8, M74 & M77 motorways.
  • Mixed use investment with 23,495 sq ft of showroom, workshop and warehouse accommodation.
  • Let to Morplan, GDC Design Ltd and W McIntyre.
  • WAULT to expiry of 4.68 years.
  • The rent is £105,607 pa with a fixed increase to £108,607 pa on 28/02/2021.

Offers over £1,175,000 with a net initial yield of 8.52%, a reversionary yield of 8.76% and a low capital value of £50.00 psf.