The Counting House, George Square | Prime Glasgow Redevelopment Opportunity | Income Producing Approx £211,000p.a | o/o £2,500,000
Summary
- • Prime George Square location with superb transport connectivity
- • Outstanding redevelopment potential (residential / hotel / mixed-use STP)
- • Part income producing (Elia restaurant – £55k pa until 2034 + Advertising £13,000per 28 days pro-rata)
- • Ground - 5th Floor
- • Rare Freehold George Square Opportunity
- Price: o/o £2,500,000
Location
George Square forms the historic civic heart of Glasgow City Centre, currently undergoing a major public realm transformation as part of the wider Avenues Programme — a £115 million Glasgow City Region City Deal investment that is converting key thoroughfares (including Sauchiehall Street, Argyle Street, High Street, West George Street and links around the Square) into tree-lined, pedestrian- and cycle-friendly avenues. Glasgow itself has a population of approximately 650,000 and generates a GDP of around £31.8 billion, underpinned by strong growth in tourism, education and hospitality.
The city centre continues to see significant ongoing student accommodation and hotel developments, reflecting its status as a major destination for both visitors and international students. In 2024 Glasgow welcomed 4.72 million overnight visitors, generating an economic impact of £1.84 billion across leisure, hotels and related spend, while its universities attract tens of thousands of foreign students each year (with the University of Glasgow alone hosting around 13,000 international students).
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Mainline Stations
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Glasgow Queen Street1 min
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Glasgow Central5 mins
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Argyle Street5 mins
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High Street (Glasgow)9 mins
Underground Station
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Chesham6242 mins
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Amersham6281 mins
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Chalfont and Latimer6305 mins
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Chorleywood6337 mins
Further Information
Price Offers in excess of £2,500,000
Rates Payable Upon Enquiry
Description
The property offers a mixture of commercial office space at upper floors with a 121 cover restaurant at ground floor.
The property benefits from dual elevators centrally located with egress and loading from Anchor Lane.
Primary access is via street level at George Square.
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