Summary - Glassford Street, Glasgow, G1 G1 1UL
1 bed 1 bath Leisure Facility
Long-income, multi-lease opportunity with strong WAULT and rent review upside.
Freehold leisure investment producing £202,500 per annum
A rare long-income freehold investment in Glasgow city centre, offered with three separate long leases and a Weighted Average Unexpired Lease Term (WAULT) of 14.5 years. The 26,272 sq ft mixed leisure complex produces £202,500 pa, with rental deposits in place and tenants occupying a sports bar (ground), music venue (basement) and ten-pin bowling concept (first floor). The building’s prominent glass frontage and extra-high ceiling spaces give strong street presence and flexible customer areas.
The price equates to Offers Over £1,650,000, representing a net initial yield of 11.61% after purchaser costs of 5.75%. The long leases, first-class tenant fit-outs and scope for rent increases at review underpin income security and upside. Proximity to Strathclyde University, George Square and major retail routes supports a broad customer base of students, office workers and tourists.
Material considerations: the premises sit within a very deprived local area which can drive trading volatility and reliance on evening/weekend footfall. Rateable values are substantial across basement, ground and first floors and business rates will be a meaningful running cost. The property is configured and licensed for leisure use, which limits immediate alternative occupier options without reconfiguration or licence changes. Energy Performance Certificate available on request and ongoing maintenance or future refurbishment requirements have not been specified in the data provided.
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