A rare opportunity to acquire a well-let office investment in the heart of Glasgow city centre.

 

Summary

  • Offers secure income together with potential attractive rental growth and longer-term alternative use potential (subject to planning)
  • £217,500 per annum passing income, providing an attractive and secure income stream with significant potential for rental growth towards ERV.
  • Category B Listed Building, offering a unique opportunity in a prominent busy city-centre location.
  • Bustling part of Sauchiehall Street benefiting from excellent access to Glasgow’s established retail, leisure and other market leading offices such as MagWrx and McLellan Works.
  • Potential future alternative use (residential / hotel / aparthotel) subject to planning.
  • Offers over £1,950,000 invited, reflecting an attractive capital value of approximately £125 per sq ft.

Accommodation

The accommodation comprises the following areas:

Namesq ftAvailability
3rd - Office 4,159 Let
2nd - Office 4,580 Let
1st - Studio 6,811 Let
Total15,550
6 Rose Street / 250 Sauchiehall Street - 7576-029©McAteer.jpg

Location

Located at the junction of Rose Street and Sauchiehall Street, the area boasts a vibrant atmosphere with numerous cafés, restaurants, and shops
within walking distance. This immediate part of Sauchiehall Street has benefitted from significant public realm works with widened pavements, trees
and cycle lanes adding to the welcoming environment.

Excellent transport links are available, with Charing Cross Station, Cowcaddens Subway and Queen Street Station all within
easy walking distance as is Blythswood Square and the core central business district.

Get directions from Google Maps

Further Information

Price Offers in excess of £1,950,000

Rates Payable 6 Rose Street Rateable Value (only for 2nd and 3rd Floors) is £75,500. 250 Sauchiehall Street Rateable Value (1st Floor) is £63,500.

Service Charge The building is self managed by Glasgow School of Art as self contained

EPC Rating This property has been graded as A


Description

Prominent corner position

Attractive three-storey office building with a distinctive architectural
character. (NB Ground Floor retail in separate ownership and not part of
the sale)

Prominent principal entrance at 6 Rose Street, immediately adjacent to
the Glasgow Film Theatre (GFT), with a secondary entrance accessed from
Sauchiehall Street

Excellent natural light throughout the office accommodation, benefiting
from the building’s prominent corner position, with additional glazing to
the eastern elevation

Significantly refurbished in 2023, including works to the roof,
elevations, stairwell and first-floor office accommodation

Distinctive architectural features, including a unique cupola at first
floor level