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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Prime City Centre Upper 5 x Floors encompassing 8,525sq ft of a Grade B Listed Building. Beautifully Presented Potential Development Opportunity. Passing Rent of £57,205pa. 2027 Increase To £61,417pa.

2 Floors Currently Let on FRI head leases: 2nd Floor - Thirst Craft Ltd for £22,830pa expiring Feb 2030. Underground car park £4,000pa.

5th Floor Tenant = Sheppard Robson Ltd with passing rent of £30,375pa expiring 11th Oct 2025.

Full Estimated Rental Potential of £150,000 per annum once all units are let. Fantastic development opportunity within prime city centre location. Great Asset management potential.

TOTAL AREA = 8,525 sq ft. 2nd Floor 2,088 sq ft 3rd Floor 2,088 sq ft 4th Floor 2,088 sq ft 5th Floor 2,088 sq ft 6th Floor 1,9789 sq ft

The property forms the upper 5 floors of a 7 storey commercial development of traditional standstone construction surmounted by a pitched roof. Fantastic condition, ready to use/let or may suit residential development subject to consents. Situated on the south side of West George St at its junction with West Nile St. Glasgow Central and Queen St Stations are both only a short walk. Multi storey car parks and street parking all readily available. Each floor benefits from excellent natural light with dual aspect overviews. Upper floors befitting from views to Merchant City and the Clyde River. Access is via a glazed controlled entrance door. Benefits from passenger elevator to all floors. All units have LED lighting, plastered and painted walls, individual power supplies, self contained kitchenette and wc facilities.

Glasgow is Scotland’s largest city and the third largest city in the UK. Glasgow acts as the administrative and economic capital of the west coast of Scotland, located on the shores of the River Clyde. Glasgow’s profile as an international destination continues to grow and drives demand for hotel/serviced apartment accommodation. Glasgow is widely regarded as one of the worldsleading festival and events hosts and is also a UNESCO World City of Music destination. The SEC (Scottish Events Company) is one of the worlds busiest events venues and attributes some £309m to the Scottish economy, and £457m to the Glasgow economy highlighting the benefits to businesses ithin the city. The property is located in the heart of Glasgow City Centre, occupying a prominent corner position on the western side of West George Street and West Nile Street, in close proximity to Buchanan Street. Buchanan Street provides access to the city’s shopping and leisure amenities with excellent connectivity to public transport links such as Glasgow Queen Street and Central Station which are located a short distance away.

Full Address: 91-93 West George Street, Glasgow City Centre, G2 1PB

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2025-2030
Rent: £57,205 per year / £4,767 per month
Yield: 7% (approx)
Tenant: Private Individual
Notes: Underground Parking Passing Rent of £57,205p.a. Increase in 2027 To £61,417p.a. FULLY LET POTENTIAL OF £150,000p.a.

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Pricing Information & Bidding

Opening Bid: £851,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 27 February 2025, 10am-3pm
Type: Timed Online Auction

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