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Agent's details

Mercat Building, 26 Gallowgate, Glasgow, G1 5AB

For sale: POA|29,849 Sq Ft|Other, Other Property Types & Opportunities

Property details

FOR SALEPOA
SIZE29,849 Sq Ft
ADDRESSMercat Building, 26 Gallowgate, Glasgow, G1 5AB
TYPEOther, Other Property Types & Opportunities
TENUREDevelopment Opportunity, For Sale Freehold
POSTED ON5th December 2023

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. ( Agency Pilot Software ref: 51954 )

Location

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Location: Mercat Building, 26 Gallowgate, Glasgow, G1 5AB

High St (Glasgow) (0.2 miles)

Glasgow Queen Street (0.5 miles)

Argyle Street (0.6 miles)

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