Town & Country Property Auctions are pleased to present this landmark category A Listed building which was designed by the famous Glasgow architect James Salmon Jr. The property is currently let to multiple tenants and when fully let, is estimated to return £214,817.50 per annum, which is an 14.3% yield of the current guide price. It is arranged over the ground and seven upper floors to provide serviced office accommodation. The property benefits from two 8-person passenger lifts which serve all office floors, whilst WC and tea preparation facilities are also on each floor. The lower ground floor café and bar are not included in the sale. The vendors have completed a high-level refurbishment of the building-both exterior brickwork and interiors, providing a turn-key investment for the new owner. The property is centrally located some 250 yards northwest of Glasgow Central Railway Station and some 500 yards south-west of Queen Street Railway Station, Occupiers close by include RBS, Santander, KPMG, HBOS and Jones Lang LaSalle amongst many others. The City of Glasgow has a population in excess of 660,000 and is the largest city in Scotland, being located on the River Clyde, 41miles west of Edinburgh. The city is a major port, commercial and administrative centre and is served by the M8, M74 and M77 Motorways and has its own international airport. * Category A Listed building ACCOMMODATION & TENANCY: See schedule in the legal pack TOTAL CURRENT RENTAL INCOME: £150,370.00 ESTIMATED FULL OCCUPANCY INCOME: £214,817.50 ESTIMATED SERVICE CHARGES WITH FULL OCCUPANCY: £85,613.94 Applicable Heritable-Scottish equivalent of English Freehold For sale by online auction on 25 June 2025 14.3% Yield at the Guide Price when fully let Over 15,700 sq ft of Serviced Office Space Estimated £214,817.50 income pa when fully let Estimated service charges with full occupancy are £85,613.94 Prime City Centre Location Landmark Investment Plus Fees Material information will be provided within the legal pack - to download this register your interest at tcpa.co.uk. Bidding Security Deposit: In order to bid, you are required to provide a bidding deposit of £2500 for each lot you wish to bid on, via the registration process. A ‘hold’ is placed on this amount. If your bid is successful on auction day, this amount will taken from your account and is included as part of your deposit payment for your property purchase. If your bid is unsuccessful, the ‘hold’ is automatically removed and the funds are immediately released. The speed at which the funds will be back in your account will depend on your bank or building society. Please note that bidding for a property is FREE. The bidding deposit forms part of your property purchase deposit and is therefore only taken from your account if successful. Over 15,700 sq ft of Serviced Office Space Estimated £214,817.50 income pa when fully let Prime City Centre Location * The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for. We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only. These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property. Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.