Land for sale in Virginia Street, Glasgow G1

Offers over £1,330,000 (£6,873,972.19/ac)
Land for sale 0.2 ac*
Interested in this property? Call +44 141 376 9807 * or Request Details

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Property description

This Grade A listed building dates back to as far as 1760 in the times of wealthy merchants in Glasgow such as Speirs, Buchanan and Bowmen. Whilst in more recent times it has been used for traditional commercial purposes these have included yoga studios, offices and for a cookery school.

The accommodation is arranged over basement, ground and three upper floors and benefits from a very attractive courtyard to the rear. Within its current ownership, the building has been consistently maintained and upgraded since the early 1990s. The main entrance is taken from Virginia Street.


Planning


The subjects are Category A listed. Full planning permission has been granted for bar and restaurant uses for the ground and basement as well for 18 boutique style hotel rooms to be developed above on the upper floors. Full nformation and plans are available on Glasgow City Council’s Planning Portal with particular reference to application numbers 18/01725/ful and 18/01726/lba.

A prior planning consent was for 14 bedrooms and designed in a serviced apartments style format albeit subsequently the client worked on the current 18 bed hotel room scenario. It is likely the planning authority will entertain either variation/discussion.

The premises benefit from a provisional alcohol licence which also allows access for children. The licence details alcohol can be sold upto 1.00am where at least 75% of the floor area of the premises is given over to the provision of restaurant facilities.

Given the aforementioned consents we do believe the subjects are perfect for a boutique hotel venue. However alternative options would include serviced apartments and residential conversion.


Accomodation


The building is arranged over five floors all measured on a Gross Internal Area basis as follows:-

Basement Floor: 135 sq.m approximately
Ground Floor: 168 sq.m approximately
1st, 2nd and 3rd Floor: 160 sq.m approximately
Total Gross Internal Area Circa: 783 sq.m

Further to the existing floor areas there is also consent in place for an extension to the building which is clearly shown on the plans and provides additional approximate 30 sq.m at each floor level.


Pricing


Offers are invited for the purchase of our clients heritable interest in the property at offers over £1.33M. Parties should register their interest in writing to DM Hall to be kept advised of any closing date which may be set for the receipt of offers.


Legal costs


Each party will be responsible for their own legal costs incurred during the transaction with the purchaser being responsible for payment of Land and Building Transaction Tax

Location

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
D M Hall LLP, G2 on +44 141 376 9807 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by D M Hall LLP, and do not constitute property particulars. Please contact D M Hall LLP for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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