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Description

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

Part Let 27,381 Sq Ft comprising office space at upper floors and 121 cover restaurant at ground floor. 100% Prime location overlooking George Square. Potential residential / hotel / mixed-use STP.

CURRENT TENANTS - Ground floor restaurant let trading as Elia Greek Restaurant expiring 2034 no breaks. Next upward rent review 2029. External advertising agreement at the corner for £13k per 28 days

Primary access is via street level at George Square. The property benefits from dual elevators centrally located with egress and loading from Anchor Lane.

PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** PART INCOME PRODUCING

George Square is a central public space surrounded by shops, restaurants, hotels and important civic buildings. It has excellent transport links with Queen Street Station, buses and the Subway nearby

***MIXED USE COMMERCIAL BUILDING***Prime George Square location with superb transport connectivity with outstanding redevelopment potential (residential / hotel / mixed-use STP) PART INCOME PRODUCING*** (Elia restaurant – £55k pa until 2034 + Advertising £13,000per 28 days pro-rata). More info on request. The property offers a mixture of commercial office space at upper floors. Primary access is via street level at George Square. The property benefits from dual elevators centrally located with egress and loading from Anchor Lane. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** PART INCOME PRODUCING George Square is a central public space surrounded by shops, restaurants, hotels and important civic buildings. It has excellent transport links with Queen Street Station, buses and the Subway nearby

Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2034
Rent: £55,000 per year / £4,583 per month
Yield: 2% (approx)
Tenant: Private Individual
Notes: Ground floor restaurant let trading as Elia Greek Restaurant expiring 2034 no breaks. Next upward rent review 2029. External advertising agreement at the corner for £13k per 28 days pro rata. More info on request.

Maps & Location

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George Square is located in the heart of Glasgow city centre, beside Glasgow City Chambers and directly next to Glasgow Queen Street railway station. It is one of Glasgow’s main civic and public spaces and is surrounded by historic buildings, monuments and important city-centre streets. The square is also close to major shopping and commercial areas such as Buchanan Street and Argyle Street, making it a convenient location for visitors, workers and residents. The area around George Square offers a wide range of amenities, including shops, cafés, restaurants, bars, offices, hotels and cultural attractions. Glasgow City Chambers is located on the eastern side of the square, while the surrounding city centre provides easy access to shopping, dining and entertainment. The square itself is an important space for public events and gatherings. Visitors should note that George Square is currently undergoing redevelopment, with wider surrounding works continuing into 2027. George Square has excellent public-transport connections. Glasgow Queen Street railway station is immediately beside the square and provides rail services across Glasgow and to destinations including Edinburgh. Glasgow Central Station is also within walking distance. The area is served by local buses, taxis and sightseeing buses, while Glasgow’s Subway network can be reached by a short walk. The central location also makes many nearby attractions and shopping streets easily accessible on foot.

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Pricing Information & Bidding

Opening Bid: £3,400,000

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Terms & Conditions of Sale

  • 5% Deposit (Minimum £3,000)
  • 8 Weeks Completion (Unless specified differently in any Special Conditions of Sale)
  • Buyers Fee = 1% of Sale Price (Minimum £3,250 + vat)

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    STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer for each property which may differ in deposit amount, completion and buyers fee.

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General Terms & Conditions of Sale
Lot Specific Terms - 24George Square, The Counting House, Glasgow City Centre






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