3/3, 12 Renfield Street, Glasgow, Glasgow City

Description

City Centre Office Investment Opportunity. Vacant third-floor office suite within a well-established commercial building on Renfield Street, in the heart of Glasgow city centre. Extending to approximately 15 sq. metres (160 sq. ft), the office benefits from a shared kitchenette and WC facilities with three neighbouring office suites. The property may suit an owner-occupier looking to establish a business presence in a prime city centre location.

Accommodation

Third-floor office suite extending to approximately 15 sq. metres (160 sq. ft), with shared kitchenette and WC facilities with three neighbouring office suites.

Location

Renfield Street enjoys a prime central Glasgow location with excellent transport connections and immediate access to an extensive range of retail, leisure and business amenities.

Tenure / Property Information

Investment Analysis

Guide is £10,000. No completed sales, rental comparables or formal valuation evidence was supplied, so GDV and market value cannot be independently established. The auctioneer’s £5,000 annual office rent estimate supports indicative income analysis only.

Investment Snapshot

Strategy Recommendation

Consider primarily as a low-cost owner-occupier office opportunity, subject to confirming title, shared-facility arrangements, service charges, legal-pack costs and occupational demand. Do not rely on a BTL or flip strategy without further evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection, legal review and any necessary presentation or compliance works only after verification.

Rental & Market Context

Potential BRRR Position

A BRRR strategy cannot be underwritten because no supported GDV, refinance valuation, refurbishment budget or lending terms are available. The known acquisition cost is at least £13,600 before other possible disbursements.

Buy-to-Let Analysis

At the auctioneer’s estimated £5,000 annual rent, gross yield is approximately 50% on the £10,000 guide, reducing to approximately 36.76% after the known £3,600 minimum admin charge. This is only an estimate, with no external rental comparable or confirmed tenant demand supplied. Shared facilities and vacant commercial occupancy require verification.

Flip Analysis

A flip surplus cannot be calculated because no completed sales evidence, GDV or selling-cost allowance was supplied. The small vacant office suite and shared facilities may limit resale demand, requiring local market and legal due diligence.

Investor Risks & Due Diligence

• No completed sales evidence or formal valuation supports the guide price.

• The £5,000 annual rent is an auctioneer estimate, not achieved or passing rent.

• Vacant commercial property has no secured income.

• Shared kitchenette and WC facilities with neighbouring suites require legal and operational verification.

• The minimum £3,600 admin charge materially increases acquisition cost, with further disbursements possible.

• No condition, EPC, service-charge or compliance information was supplied.

Recommendation

Consider primarily as a low-cost owner-occupier office opportunity, subject to confirming title, shared-facility arrangements, service charges, legal-pack costs and occupational demand. Do not rely on a BTL or flip strategy without further evidence.

Strategy Rating

Analysis Confidence

The guide, tenure, size, vacancy and auctioneer rent estimate are supplied, but there are no completed sales, specific rental comparables, GDV, condition, service-charge or full-cost details.