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FOR SALE A PACKAGE OF TWO GRADE A OFFICE PROPERTIES

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INVESTMENTSUMMARY

02Two key projects within Clyde Gateway’s development and regeneration masterplan

04A combined total of 53,921 sq ft (5,009 sq m) of office accommodation with dedicated parking.

06Combined rental income of £656,630pa rising to £859,634pa following fixed uplifts.

EXCEPTIONAL OPPORTUNITY

We are instructed to seek offers over £6,158,000 exclusive for our client’s heritable interest. This would provide a purchaser with an attractive net initial yield of 10% rising to 13.09% on the fixed rent increases.

01Two recently developed Grade A office buildings in excellent locations.

03Fully income producing assets offering a range of tenants and lease lengths.

05Highly specified and environmentally sustainable construction.

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THE ALBUS | PG 04

THE ALBUS | PG 05

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ON THE ALBUS IS

LOCATED ON BROOK STREET IN THE MILE END BUSINESS DISTRICT, WITHIN EASY REACH OF GLASGOW CITY CENTRE.

The location is well served by public transport. Bridgeton rail station and frequent bus services provide ready access to Glasgow and its wider conurbation. Access and egress to and from the motorway network are directly available via both London Road and the Clyde Gateway. Dedicated cycles routes connect to the National Cycle network.

Bridgeton Cross has a range of amenities including sandwich shops, convenience stores, chemists and hairdressers while the popular West Brewery overlooking Glasgow Green is also close by. The world class sporting and leisure facilities of the Emirates Arena, including the Sir Chris Hoy Velodrome, are a short 5 minute walk and feature one of Glasgow’s largest gyms.

HIGH STREET STATION

BELLGROVE STATION GLASGOW

KEY

1. CROWNPOINT SPORTS COMPLEX

2. UNIVERSITY OF STRATHCLYDE

3. GLASGOW GREEN4. CITY OF GLASGOW

COLLEGE5. OLYMPIA BUILDING

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A74 / LONDON ROAD

BRIDGETON STATION

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N CONSTRUCTED IN 2014, THE ALBUS PROVIDES GRADE A OFFICE ACCOMMODATION OVER GROUND AND TWO UPPER FLOORS.

The building extends to 20,641 sqft (1,917.2 sq m) with 32 dedicated car parking spaces. It is a contemporary design with concrete and white brick façade which has been completed to a high standard, the specification and design reflect this goal. The building is a winner of the 2015 British Council for Offices award for projects up to 2,000 sq m.

The building also won the Scottish Property Award for architectural excellence in 2015 and has been recognised by the Glasgow Institute of Architects.

The specification includes:

• Feature Entrance• Raised flooring throughout• LG7 Lighting• Fibre Connectivity• Shower & Toilet Facilities on each floor• 32 individual car spaces, plus 2 disabled spaces

dedicated to the building• Sheltered Bicycle store• EPC Rating of “B”• BREEAM rating of “Very Good”

THE ALBUS | PG 06PG 06

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ONE RUTHERGLEN LINKS | PG 07

ONE RUTHERGLEN LINKS | PG 08

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ON CONSTRUCTED IN 2015,

ONE RUTHERGLEN LINKS IS LOCATED IN RUTHERGLEN BUSINESS PARK, IN THE ROYAL BURGH OF RUTHERGLEN. THE LOCATION LIES 4 KM TO THE SOUTH EAST OF GLASGOW CITY CENTRE.

Rutherglen Links Business Park is well served by public transport. Rutherglen rail station offers a regular 9 minute service into Glasgow city centre and and frequent bus services provide ready access to Glasgow and its wider conurbation. Access and egress to and from the motorway network are directly available from junction 2 of the M74. Dedicated cycles routes connect to the National Cycle network.

Rutherglen Links is in close walking distance of Rutherglen Main Street which offers a full range of amenities and services including a wide variety of retailers.

RUTHERGLEN STATION GLASGOW

CAMBUSLANG ROADM74

KEY

1. GREGGS2. CLYDESDALE BANK3. RUTHERGLEN TOWN HALL4. RUTHERGLEN HIGH STREET5. TESCO EXTRA6. TESCO PETROL STATION7. STARBUCKS8. KFC

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ONE RUTHERGLEN LINKS | PG 09

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N ONE RUTHERGLEN LINKS PROVIDES GRADE A OFFICE ACCOMMODATION OVER GROUND AND THREE UPPER FLOORS.

The building extends to 33,460 sq ft (3,108.5 sq m)together with 105 dedicated car spaces. The office accommodation is accessed via a high quality reception area leading to a common stairwell accessing all floors, as well as two 13 person lifts which also access all floors. Internally, the space is finished to a Grade A specification with open plan floors, each of which benefit from dedicated toilet and shower facilities. The specification includes high quality materials with a focus on carbon neutrality and sustainability. Energy saving features are at the core of the building construction which reduce carbon emissions and energy consumption.

The specification includes:

• Raised floors throughout• LG7 lighting• Fibre connectivity• Fully air conditioned• High performance glazing with solar control• Sheltered Bicycle store• EPC Rating of “B”• BREEAM rating of “Very Good”• 105 dedicated car spaces plus 6 accessible spaces.

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ON BOTH BUILDINGS HAVE BEEN

INDEPENDENTLY MEASURED BY PLOWMAN CRAVEN AND SUMMARISED BELOW:

Floor Size sq m Size sq ft

Ground 608.3 6,548

First 609.1 6,556

Second 700.2 7,537

Total 1,917.2 20,641

In addition, there are 32 individual car spaces, plus 2 accessible spaced dedicated to the building.

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Floor Size Sq M Size Sq Ft

Ground 634.8 6,833

First 828.5 3,918

Second 825.6 8,918

Third 819.6 8,822

Total 3,108.5 33,460

In addition there are 105 individual car spaces plus 6 accessible spaces.

ILLUSTRATIVE FLOOR PLATE

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Tenant Unit/Suite Area (sq ft) Car Spaces Lease Start Lease End Date Break Dates RR Date Annual Rent S/C Cap Comments

Peebles Media Group Ltd Ground - Units 1 & 2 6,548 11 08/02/2016 07/02/2026 08/02/2021 £98,220

Service charge cap subject to annual RPI uplifts

Made Brave First - Unit 3 & 4 6,556 10 (less 2 provided to CCIT) 23/10/2019 22/10/2029 23/10/2024 T Only 9

months notice 23/10/2024 £44,253Service charge cap subject to annual RPI uplifts

Rents rises to £98,340pa

Cloud Cover IT Second - Unit 5 & 6 5,467

8 (plus 2 provided by Made Brave for duration of CCIT remaining within

space

06/01/2020 02/02/2025 06/01/2023 T Only 3 months notice n/a £41,002

Rent steps up to £15psf - £82,005pa from 3/8/21. Tenant receives 3 months rent free if break not exercised

Room Booking Systems Ltd (t/a School Cloud) Second - Unit 7 2,070 3 07/04/2017 06/04/2022 n/a £28,980

Service charge cap subject to annual RPI uplifts

Totals 20,641 £212,455

Tenant Unit/Suite Area (sq ft) Car Spaces Lease Start Lease End Date Break Dates RR Date Annual Rent S/C Cap Comments

Spie Limited 3rd Floor 8,822 30 25/01/2016 24/01/2026 25/01/2021 £145,563 No RR capped at £18.50.

Spie Limited 2nd Floor 8,887 30 25/01/2016 24/01/2026 25/01/2021 £146,635.50 No RR capped at £18.50.

Verastar Limited 1st Floor 8,918 26 06/01/2020 13/10/2029 14/10/2024 T only on 9 months notice

14/10/2024 ( minimum uplift to £16.50) £151,977.36 Service charge cap in

place

Single lease - 1st floor DOE 6/1/20. Service charge cap excludes untilities and staff cost changes.

Verastar Limited Ground Left 1,843 5 14/10/2019 13/10/2029

Verastar Limited Ground Right 4,990 14 14/10/2019 13/10/2029

Totals 33,460 105 £444,175.86

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Cloud Cover IT

Cloud Cover provide IT infrastructure and support for small companies across the Central Belt of Scotland. They are a Microsoft Gold Partner and focus on technology improvement to aid business productivity and efficiency. The company has a Creditsafe rating of 89 indicating Very Low Risk.

School Cloud

School Cloud provides technology solutions tailored to the education sector. They provide a number of software packages designed to enhance school operations and systems. The company has a Creditsafe Rating of 93 indicating Very Low Risk.

Peebles Media Group

Peebles is one of Scotland’s leading independent publishing and media companies with a range of trade and consumer titles. The company has a Creditsafe rating of 80 indicating Very Low Risk.

SPIE Ltd

Spie ltd, is the UK arm of the SPIE Group a global business serving 38 countries and 800 locations. It is a multi-technical service provider working across the energy and communication sector. They provide energy, safety and environmental focused solutions from initial design to long term maintenance and facilities management. The business has a turnover for Y/E 2019 of £229 million, operating profit of £7.30 million and net worth of £6.4 million. The company has a Creditsafe rating of 73 indicating Very Low Risk.

Made Brave

Made Brave is a brand manager working with some of the World’s most recognisable companies including IBM. First Group, Tennent’s and Doritos. The company has a Creditsafe rating of 73 indicating Very Low Risk.

Verastar

Verastar are a business service provider offering a range of essential services across; telecoms, water and energy. They operate a number of brands including Clear Business and Unicom. To Y/E 2019, turnover was £165.9 million, profit £7.735 million and net worth £50.75 million. The company has a Creditsafe rating of 89 indicating Very Low Risk.

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The Agents for themselves and for their client whose agent they are give notice that: (1) These particulars are set out as a generally outline only for the guidance of intended purchasers or tenants and do not constitute any or part of an offer or contract. (2) All descriptions, dimensions, reference to condition and necessary permissions for use and occupation and other details are given without responsibility and any intending purchaser or tenant should not rely on them as statements or presentations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. (3) No person in the employment of the Agents has any authority to make or give representation or warranty whatever in relation to this property. (4) Unless otherwise stated all prices and rents are quoted exclusive of VAT. Prospective purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction. November 2020

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TenureHeritable

EPCThe Albus has an EPC rating of B and One Rutherglen Links a rating of A – copies of the Certificate can be made available upon request.

VATBoth properties are elected for VAT however it is anticipated that the sale will be via a TOGC.

ANTI-MONEY LAUNDERINGIn accordance with the Anti-Money Laundering regulations, the purchaser will be required to satisfy the vendor of the source of the funds used to complete the transaction.

Proposal

We are instructed to seeking offers in excess of £6,158,000 for the heritable interest in both properties.Our preference is to sell the properties as a package but our client may be prepared to consider bids on an individual basis. This provides a purchaser with an attractive net initial yield of 10% rising to 13.09% following the fixed rental increase.

ContactSteven Gay T 0141 270 3135M 07789 986 140 E steven.gay@ryden.co.uk

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