Suite 4/7, 12 Renfield Street, Glasgow, G2 5AL

Description

An excellent opportunity to acquire a compact, self-contained office suite in a prime Glasgow city centre location. The suite offers a bright and functional working environment within a well-maintained commercial building, benefiting from secure entry and shared facilities. It is ideal for small businesses, start-ups, consultants, owner-occupiers or investors.

Accommodation

The suite comprises a larger main office space and a separate room which could be used as a private office or storage area. There is a communal area on the ground floor with toilets and lift access to the upper floors.

Location

Renfield Street is one of Glasgow’s main thoroughfares, with immediate access to shops, cafés, restaurants and public transport links. Glasgow Central and Queen Street stations are within easy walking distance. The M8 motorway runs through the city centre and provides access across central Scotland and to Glasgow International Airport.

Investment Analysis

The £28,000 guide is the only supplied pricing evidence. No completed-sale comparables, external rental comparable, tenure details or formal valuation are provided, so market value and GDV cannot be established. The auctioneer’s potential rent of up to £500 pcm implies a 21.4% gross yield at the guide price before the Buyer’s Premium and any other costs.

Investment Snapshot

Strategy Recommendation

Consider only as a small commercial owner-occupier or income investment after verifying tenure, service charges, Buyer’s Premium, additional fees and achievable rent. Do not rely on the headline yield without this due diligence.

Works Required

No refurbishment works are specifically evidenced. The suite is described as bright, functional and within a well-maintained building. Confirm condition, communal-facility arrangements and any repair obligations before bidding.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is not supported because no GDV, completed-sale evidence, refurbishment budget, tenure information or refinance terms are provided. The estimated rent alone does not establish refinanceability or cash release.

Buy-to-Let Analysis

The auctioneer estimates potential rent of up to £500 pcm, equating to £6,000 annually and a 21.4% gross yield on the £28,000 guide. This is an estimate rather than passing or achieved rent, with no sufficiently specific external rental comparable. The net yield cannot be established because the Buyer’s Premium, other fees, operating costs and tenure obligations are not supplied.

Flip Analysis

A flip assessment is not supported. No GDV, sold comparables, refurbishment requirement, transaction-cost detail or supported selling allowance is available, so no resale surplus or maximum bid can be calculated.

Investor Risks & Due Diligence

• The £500 pcm figure is an auctioneer estimate of potential rent, not a passing or achieved rent.

• No sufficiently specific external rental comparable is provided.

• The Buyer’s Premium is payable but its amount is not supplied.

• Additional fees may apply, but no amounts are provided.

• Tenure, lease terms, service charges and repair obligations are not supplied.

• No completed-sale evidence or GDV evidence supports the guide price or a resale valuation.

Recommendation

Consider only as a small commercial owner-occupier or income investment after verifying tenure, service charges, Buyer’s Premium, additional fees and achievable rent. Do not rely on the headline yield without this due diligence.

Strategy Rating

Analysis Confidence

The description, guide price and auctioneer rent estimate are available, but there are no sold comparables, specific rental comparables, tenure or lease details, cost schedule, EPC, condition survey or GDV evidence.