Land for sale in Mercat Building, 26 Gallowgate, Glasgow G1
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Property features
- Located in the popular Merchant city area
- Highly prominent position
- Highly accessible location with excellent transport links
- Suitable for a variety of uses Subject to Planning
Property description
The subjects were constructed during the late 1920s and comprise a grand, architecturally striking landmark building comprising six floors. The building is 'A' listed and is constructed of steel-framed polished ashlar beneath a slated mansard roof. It is currently utilised as offices and workshop/studio space with retail accommodation on the ground floor. The upper floors are accessed via a central stairwell and lift lobby accessed from Gallowgate.
It is currently utilised as offices and workshop / studio space with retail accommodation on the ground floor, which has extensive frontage to Gallowgate, London Road and Glasgow Cross. The upper floors are accessed via a central stairwell and lift lobby accessed from Gallowgate.
Opportunity
The building represents an opportunity for an investor / developer to redevelop a landmark building in Glasgow City Centre.
Potential uses include retail, food + beverage, boutique hotel, offices and others.
Additionally, the property is also suitable for owner-occupation.
Tenancy information
The building is currently occupied in part by a retail tenant on a monthly lease and an office occupier on the third floor, with a lease expiry on 27th April 2024. Otherwise, the building is vacant.
In addition, there is a telecommunications mast lease expiring in June 2034. Full details available from the agents.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Graham + Sibbald, G2 on +44 141 376 7737 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Graham + Sibbald, and do not constitute property particulars. Please contact Graham + Sibbald 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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