Description
PRIME INVESTMENT***IMMEDIATE INCOME PRODUCING** Scotland's Largest Purpose built Market plus five let retail warehouse units & 480 car parking spaces. Approx. 5.25 acres
The market comprises 130 units of which (as of February 2026) 81 licences are in place with a weekly rent payable of £22,639.78. Together with units S1-S5 the annual gross rent roll is £1,057,923.75
There is a lapsed planning permission for ‘the erection of mixed use development comprising 2 drive thru restaurants and 1 car wash with associated car parking’. Ref: 14/02835/DC.
The Property comprises of 2 separate buildings. The main Market Building is a purpose built market hall on a total area of approx. 5.25 acres (2.126 hectares) with circa 36% site coverage.
INDOOR MARKET 67,500 sqft (6,271 sqm) TRADE COUNTER UNITS 12,500 sqft (1,161 sqm)
The market comprises 130 units of which (as of February 2026) 81 licences are in place with a weekly rent payable of £22,639.78. Together with units S1-S5 the annual gross rent roll is £1,057,923.75 to which VAT is added. There are 49 voids. There is a lapsed planning permission (dated 16 June 2015) for ‘the erection of mixed use development comprising 2 drive thru restaurants and 1 car wash with associated car parking’. Ref: 14/02835/DC. A Planning Overview Report dated January 2025 by Montagu Evans is available on request. There are significant asset management initiatives that can be implemented both via renewing lapsed planning permission and/or revising the breadth of development as well as finding additional tenants to fill the voids within the market building.
Maps & Location
Map Street View SatelliteThe Forge Market is located at Duke Street, Parkhead, in the east end of Glasgow. It is situated close to the Parkhead area and within easy reach of the city centre, around 10 minutes from central Glasgow. The market is an indoor retail destination with a variety of independent traders and businesses, and it is near local landmarks such as Celtic Park and The Forge Shopping Centre. Adjacent to the market is The Forge Shopping Centre, a major retail destination serving the surrounding communities. The shopping centre provides a range of shops, cafés, restaurants and other services, creating a busy retail environment around the market. The location also benefits from its proximity to Celtic Park, home of Celtic Football Club further contributing to the area’s footfall and accessibility. The surrounding area is well connected by public transport and road, making the market accessible to both local residents and visitors.
Document Downloads
Pricing Information & Bidding
Opening Bid: £2,500,000
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Terms & Conditions of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
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General Terms & Conditions of Sale
Lot Specific Terms - The Forge Market, Duke Street, Glasgow