Edward House

Re-development opportunity available with short term income.

Edward House is a traditional sandstone grade B listed building and comprises basement, ground, first, second and third floors. Historically the offices on the upper floors were accessed from West Campbell Street and the first floor formed part of the retail unit albeit access is currently from both.

The building currently comprises well laid out office space on the second and third floors which are refurbished to a good standard and the basement, ground and first floors are currently in retail use. There is a lift servicing the office areas.

The property occupies a prominent corner location on one the city's prime retail thoroughfares, Sauchiehall Street, at its junction with West Campbell Street, with easy entrances to the building from both streets. It is a high footfall with an estimated 10.5 million people per annum. Other occupiers in the area include Tesco Express, Deichmann Shoes, Café Nero, Willow Tea Rooms, Costa, Primark, WH Smith, Superdrug and Boots.

We are instructed to seek offers in excess of £850,000 (Eight Hundred and Fifty Thousand Pounds Sterling) exclusive of VAT. This is a low capital rate of £42.50 psf overall. Further information is available upon request in relation to the short term income which is currently circa £157k per annum.

Summary

  • Located in a prominent corner location on one of the city’s main retail thoroughfares, close to Sauchiehall Street's well known vibrant night-life with many bars and restaurants nearby.
  • Well connected to main transport hubs and a short distance from Glasgow's Universities.
  • An attractive sandstone building offering retail accommodation on basement, ground and first floors with offices on the upper floors extending to a total floor area of 19,961 sq ft.
  • Potential for re-development into alternative uses including student accommodation or serviced apartments subject to obtaining planning consents.
  • It benefits from some short term income totalling approximately £157k gross.
  • The immediate street-scape, as part of the City Deal, are being transformed under the Avenues project which will be of significant benefit to the subjects when complete.
  • Seeking offers in excess of £850,000 reflecting a very low capital rate of £42.50psf approximately.
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Stephen Kay

+44 (0)7971 809226

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