Summary - FLAT GROUND, 137, TRONGATE G1 5HF
1 bed 1 bath Commercial Development
Large, deliverable student development in Glasgow city centre for institutional buyers.
• Consented PBSA scheme for 98 studio beds
• Immediate start possible; PC achievable before AY 28/29
• Target EPC A with roof terrace, gym and communal areas
• Ground-floor commercial unit included
• Retained listed façade — conservation constraints and added costs
• No private garden; site fronts directly onto pavement
• Very deprived local area — consider social and management impacts
• Strong international student demand (approx. 33%)
This is a consented purpose-built student accommodation (PBSA) opportunity in central Glasgow, delivered across three plots and preserving a listed façade. The approved scheme provides 98 studio beds, a ground-floor commercial unit, roof terrace, gym and communal spaces, with a design target of EPC A. There is immediate ability to start on site and a realistic path to practical completion ahead of academic year 28/29.
The site sits in the Merchant City/St. Enoch Quarter close to established mixed‑use developments and transport hubs, supporting strong rental demand. Glasgow’s student market shows particularly high international demand (circa 33%), helping institutional-scale leasing or forward‑funding options. The building footprint is substantial for a city‑centre site and is suited to high‑density student or build‑to‑rent use.
Buyers should note the retained listed façade will add conservation constraints and likely increase costs and programme complexity. External amenity is minimal — the scheme fronts directly onto a busy pavement with no private garden — and the surrounding ward is classed as very deprived, which may influence social rent reviews and operating considerations.
For investors prioritising scale, connectivity and quick delivery, this central PBSA plot offers immediate value. For occupiers or developers sensitive to heritage constraints and neighbourhood deprivation, factor in higher build, management and compliance costs when modelling returns.
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