Summary - FLAT 1/1, MONCRIEFF HOUSE, 69, WEST NILE STREET G1 2QB
1 bed 1 bath Office
Passing rent £30,000 pa; tenant in situ until 30 Sep 2029
Two tandem car spaces with EV charging; car parking leased separately (£4,000 pa)
Freehold city-centre office, c.2,068 sq ft on first floor
Excellent transport links between Glasgow Central and Queen Street stations
New passenger lift being installed; DDA-compliant entrance and accessible WC
Tenant break option as at 1 Oct 2027 (minimum six months’ notice)
No external amenity space; typical urban city-centre outlook
Located in a very deprived local area — consider rental growth risk
This self-contained first-floor office in Moncrieff House offers a rare city-centre freehold investment with an established tenant in place. The suite extends to approximately 2,068 sq ft, arranged as reception, open-plan workspace, two meeting rooms, kitchen, WCs and shower — ready for professional occupation. Two tandem car parking spaces in the undercroft include EV charging connectivity; parking is separately leased.
The property is let to Verso Wealth Management on a lease expiring 30 September 2029, producing a passing rent of £30,000 per annum. Car parking generates an additional £4,000 per annum under a separate lease. Note the tenant has a break option exercisable on or after 1 October 2027 (minimum six months’ notice), which represents a re-letting risk before the lease expiry.
Moncrieff House sits on West Nile Street between Glasgow Central and Queen Street stations, providing excellent commuter access and strong pedestrian footfall from nearby retail and leisure uses. The building is maintained and currently having a new passenger lift installed; there is a secure DDA-compliant entrance and accessible facilities.
This offering suits an investor seeking city-centre occupational stock or a buyer willing to take short-to-medium term letting risk. There is no external amenity space and the property sits in an area described as very deprived — factor local market dynamics into rental growth expectations.
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