Substantial multi-let city-centre freehold with immediate income and asset-management upside — auction 27 March 2025.
Prime central Glasgow location, 500m from Buchanan Street
Large refurbished office space — c.21,115 sq ft open plan
12 secure undercroft car spaces and two 8-person passenger lifts
Current rental income £277,616 per annum
Asset-management upside: re-gear or extend leases
Sold at auction 27 March 2025; VAT is applicable to sale
Very slow broadband speeds; surrounding area classed very deprived
Newly refurbished reception and multiple office floors (2015–2016)
An expansive mixed-use freehold in the heart of Glasgow CBD, this multi-let sandstone office building offers 21,115 sq ft (c.1,959.6 sq m) of open-plan workspace across basement to fourth floor. Recently refurbished reception, two passenger lifts and an undercroft providing 12 secure car spaces support immediate occupation and tenant appeal. The property is offered for sale by auction on 27 March 2025.
Well positioned 500m east of Buchanan Street and within short walking distance of Glasgow Central and Queen Street stations, the asset suits investors targeting city-centre office and leisure demand. Current rental income is £277,616 per annum and there are asset-management opportunities, including lease re-gears or extending letting footprints to enhance returns.
Buyers should note material considerations: the lot is VAT-applicable, broadband speeds are reported very slow, and the surrounding area is classed as very deprived, which may affect some occupier profiles. The property will be sold at auction and prospective purchasers should review the legal pack and EPC before bidding.
This is a long-term, city-centre investment with strong location credentials and scope for active management. It will suit investors or operators able to capitalise on central footfall, improve income through lease restructuring, or repurpose parts of the scheme for alternative leisure or office uses.