Glasgow, Clutha House

Clutha House has a prominent location to the south side of Glasgow City Centre overlooking the M8 Motorway close to junction 21.

The property comprises a four-storey concrete frame office building with a two bay warehouse to the rear. The warehouse has a gross internal floor area of 21,300 sq ft, and the office accommodation has a net internal floor area of 36,024 sq ft over ground, first, second, third, roof and rear areas.

It was purchased on behalf of Antler Properties in April 2005 for £1.73m. The main tenants in the building are Greater Glasgow Primary Care NHS Trust, Vodafone Limited and Hutchison 3G UK ltd and the current passing rent for the building is approx.£144,650 per annum.

Property Investor Partnerships arranged the sale of the vacant industrial unit at £420,000 which leaves the running yield on the investment at approximately 11%.