Shepherd Chartered Surveyors has been instructed by David McGinness and Judith Howson, joint liquidators of VGM1, to market two investment opportunities in Glasgow – a well-established, multi-let business centre and a single-let investment supported by a robust covenant.
The properties will be subject to a closing date, with offers invited to be submitted by 12:00 noon on Tuesday, 8th July 2025.
The first opportunity is the Simple Business Centre, a well-established and actively managed multi-let property extending to 16,290 sq ft. Situated on the western side of Carmyle Avenue in the Tollcross area, the property occupies a strategic location a short distance southeast of Glasgow city centre.
Constructed in the 1960s, the standalone building is presented to a modern standard throughout. The site offers secure, gated access with dedicated parking for up to 33 vehicles.
The accommodation is arranged over three levels, comprising open-plan storage space at basement level, a range of retail and commercial units at ground floor, and well-presented office suites on the upper floor.
Shepherd is inviting offers in excess of £700,000 reflecting a net initial yield of 7.9% after allowing for purchaser’s costs.
Adam Honeyman at Shepherd said: “This part let mixed-use investment opportunity presents strong asset management potential, with an estimated rental value (ERV) of £125,000 per annum.
“Through initiatives such as lease renewals or extensions, investors may enhance income security and realise the asset’s reversionary yield of circa 16.9%.”
Also for sale is a high-quality single-let investment within a well-established industrial hub, benefitting from excellent transport connectivity close to Glasgow city centre.
57 Durham Street is situated in the Kinning Park district, an established industrial area south of the River Clyde, offering immediate access to the M74 via Crown Street with prominent visibility from the M8 motorway.
The accommodation comprises office space arranged over the ground and first floors and a predominantly open plan warehouse with ancillary office and staff facilities.
The premises are currently let to Loop Recycling on a new lease expiring in 2029, generating a passing rent of £42,000 per annum.
Shepherd is inviting offers in excess of £475,000, reflecting a net initial yield of approximately 8.4% after allowing for purchaser’s costs.
Honeyman commented: “This investment opportunity offers a strong covenant, excellent transport infrastructure and secure income – all within one of Glasgow’s most prominent and well-connected industrial locations.”
Interested parties should contact the sole selling agent on 0141 331 2807.
For further information please contact Skye MacDonald on 0141 331 2807
Issued on behalf of Shepherd Chartered Surveyors by Liquorice Media tel 0141 332 4935 www.liquorice-media.com
Date: 1 Jul25