Summary - Finlay House Finlay House, West Nile Street, Glasgow, G1 G1 2PP
1 bed 1 bath Commercial Development
Large freehold Glasgow building with income, conversion potential and planning for 48 student suites..
Prime city-centre freehold, 22,288 sq ft total
Two income-producing floors totalling £273,978 p.a.x.
Planning submitted for 48 student suites (not yet approved)
Built early 1980s; conversion-ready features present
VRF air conditioning, LED lighting, raised access floors
Only two floors currently let; income concentrated to 2027–2028
Very slow broadband; may affect student occupier appeal
Area recorded as very deprived; refurbishment and management needed
Set in Glasgow city centre, Finlay House offers a substantial freehold commercial development with immediate income and clear conversion potential. Two upper floors are let on full repairing and insuring head leases, producing a combined income of £273,978 p.a.x., while the remaining floors present vacancy and redevelopment opportunity. Planning has been submitted for 48 student suites, targeting strong local demand from nearby universities and the city’s busy student/commuter catchment.
The building’s specification supports conversion: raised access floors, LED lighting, VRF air conditioning, full-height glazing and shallow floor plates with excellent natural light. Practical features include two passenger lifts, a manned reception, shower facilities, disabled access and an external balcony on the fourth floor. Sale is offered as a freehold at o/o £1,650,000 and the vendor has waived the option to tax (transaction treated as a Transfer of a Going Concern).
Key commercial cautions are clear. Only two floors are income-producing and both leases expire in 2027–2028, which concentrates income risk in the near term. Broadband speeds are very slow and the immediate area is recorded as very deprived, factors that could affect student amenity perception and conversion operating costs. The planning application for student suites is submitted but not guaranteed; conversion will require capital expenditure and consenting time.
For investor-developers prepared to manage short-term lease expiries and deliver refurbishment, Finlay House offers scale, a prime leisure and dining pitch nearby, and a competitive price per sq ft for city-centre development. It will suit buyers prioritising location and long-term redevelopment upside over immediate, hands-off yield.
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