Summary - 21, TYNDRUM STREET G4 0JY
1 bed 1 bath Office
Short-term income with clear redevelopment potential for investor or developer.
Prominent city-centre office with strong street visibility
Citypoint at 21 Tyndrum Street is a prominent, multi-storey modern office building offering immediate central-Glasgow exposure and short-term income. The property is let to Response (Building Rewarding Relationships) Ltd with a parent company guarantee from Kura (CS) Ltd until 20 October 2026, producing a current passing rent of £515,000 per annum inclusive of 30 parking spaces. The building extends to 32,571 sq ft across four floors with an L-shaped floorplate, steel frame construction and extensive glazing.
This is a value-driven opportunity for an investor or developer: offers are invited in excess of £2.45m, reflecting a low capital rate (~£75 per sq ft) and an attractive net initial yield (circa 19.77% after standard costs and LBTT). The short-term lease provides immediate income while also creating scope for change-of-use or refurbishment once vacant — each floor is capable of separate occupation or subdivision, which supports flexibility for future repositioning.
Material considerations are clear and factual. The income is short-dated, with lease expiry in October 2026, and the tenant occupies under a photographic schedule of condition which may limit dilapidations claims. The property sits in a very deprived local area and a cosmopolitan student neighbourhood; this influences tenant demand, rental tone and potential conversion strategies. Significant refurbishment or redevelopment costs should be expected if converting to alternative uses.
Practical benefits include excellent transport links with immediate motorway access and strong digital connectivity. The site includes 30 forecourt car spaces but limited soft landscaping. Prospective purchasers should factor in planning and conversion risk, remediation and fit-out costs, and confirm tenure details and service liabilities in due diligence.
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