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Prominent city centre commercial unit

Glasgow, G1 - Get Access

Description

Substantial freehold commercial premises extending to approximately 1,290 sq ft (119.88 sq m) in a highly visible and prominent corner position. Occupying a prominent position on the east side of Stockwell Street, close to Bridgegate, Trongate and the Merchant City, the property benefits from significant volumes of passing pedestrian and vehicular traffic. The unit is well placed for easy access across the city, with a number of bus services operating nearby as well as close proximity to Argyle Street train station. The city centre is within walking distance and there are also a number of car parks available locally at St Enoch's Shopping Centre, Howard Street and Dunlop Street. The premises form part of a larger four-storey traditional sandstone tenement building and feature extensive display windows facing Stockwell Street, providing excellent visibility and advertising potential, with the opportunity to create additional return frontage onto Goosedubbs, subject to necessary consents. Currently presented in shell condition with utilities present, the accommodation provides a fantastic blank canvas suitable for retail, office, showroom, leisure, or alternative commercial uses, subject to all necessary permissions and consents. Estimated rental income is approximately £25,000 to £28,000 per annum, offering an exciting opportunity for commercial investors or owner-occupiers seeking flexible accommodation in a strategic city centre location.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 1,290 sq ft (Listing)

Valuing commercial premises in a prominent city centre location requires examining baseline capital values per square foot for retail space in the Merchant City area. The property is a traditional tenement commercial unit extending to 1,290 sq ft. It is currently in a shell condition with a 3/10 condition score, requiring comprehensive internal refurbishment including ceilings, plasterwork, and shopfront repairs.

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