{"id":1436,"date":"2025-03-24T16:13:48","date_gmt":"2025-03-24T16:13:48","guid":{"rendered":"https:\/\/www.philreidassociates.com\/?p=1436"},"modified":"2025-03-24T16:15:34","modified_gmt":"2025-03-24T16:15:34","slug":"166-buchanan-street-glasgow-sold-at-closing-date","status":"publish","type":"post","link":"https:\/\/www.philreidassociates.com\/index.php\/2025\/03\/24\/166-buchanan-street-glasgow-sold-at-closing-date\/","title":{"rendered":"166 Buchanan Street, Glasgow \u2013 SOLD AT CLOSING DATE!"},"content":{"rendered":"

Offices- Part 5th Floor Front<\/strong><\/p>\n

\u2022 866 sq ft<\/p>\n

\u2022 Superb central location<\/p>\n

\u2022 Landmark building<\/p>\n

\u2022 No VAT<\/p>\n

\u2022 Excellent opportunity for owner occupiers\/investors<\/p>\n

Positioned in the heart of Glasgow city centre, Buchanan Street is Glasgow\u2019s leading retail and leisure location with many leading retailers, restaurants, coffees shops and other city centre facilities seconds away.<\/p>\n

The surrounding area has a wide variety of commercial and office occupiers in this active and vibrant part of the city centre.<\/p>\n

Floor Area<\/b><\/p>\n

We calculate the nett lettable floor area to be:
\n80.52 sq m – <\/b>866 sq ft<\/b><\/p>\n

Common Charges<\/b><\/p>\n

As normal, the owners are liable for a share of the common charges. The current cost is approximately \u00a33,200 per annum. Further details are available on request.<\/p>\n

Local Authority Rates<\/b><\/span><\/p>\n

Rateable Value : \u00a38,700<\/p>\n

The suite will potentially benefit from 100% rates relief under the Small Business Bonus Scheme, subject to the occupiers meeting the appropriate criteria.<\/p>\n

EPC<\/b><\/span><\/p>\n

The suite has a rating of B.<\/p>\n

Entry<\/b><\/span><\/p>\n

By mutual agreement. The current owners of many years are in the process of vacating the offices.<\/p>\n

Price<\/b><\/span><\/p>\n

Our clients are seeking purchase offers over \u00a390,000 for their heritable interest.<\/p>\n

No VAT<\/b><\/span><\/p>\n

We are advised that the property has not been elected for VAT, therefore no VAT will be charged on this sale transaction.<\/p>\n

Legal Costs<\/b><\/p>\n

Each party will be responsible for their own legal costs with the purchaser being responsible for LBTT (Land and Building Transaction Tax) should any apply.<\/p>\n

Anti Money Laundering<\/b><\/span><\/p>\n

In accordance with the current Anti Money Laundering regulations, the purchasers will be required to satisfy the vendors and their agents regarding the source of the funds being used to complete this transaction.<\/p>\n

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