BID NOW AVAILABLE - The seller may consider a bid now - Submit an offer now >>
Prime Glasgow City Centre Real Estate Development Opportunity 9800 square feet over ground 1st, 2nd & 3rd Floors RATEABLE VALUE £105,000 ***RENTAL POTENTIAL UP TO £120,000 PER ANNUM*** VAT FREE
- ICONIC BUILDING FORMER GREAVES SPORTS. Neighbouring occupiers include the Cineworld Complex, Pavilion Theatre, Buchanan Galleries. Potential For Residential / Boutique Hotel / Student Accommodation.
- 100% UNIQUE OPPORTUNITY FORMER GREAVES SPORTS BUILDING. Sauchiehall Street is one of the prime retailing destinations within the city centre, and the subject property occupies an excellent location.
- VAT FREE PROPERTY. LISTED BUILDING THEREFORE NO RATES PAYABLE WHILST VACANT. The subjects comprise ground, first, second and third floor retail space, together with ancillary office and staff facs.
- RARE BUY. PRE AUCTION OFFERS WILL BE CONSIDERED VIA BID NOW ON-LINE OFFER FORM.
Freehold- Outright ownership of the property and land on which it stands.
Vacant- Full vacant possession offered at time of completion.
Full Details:100% PRIME UNIQUE OPPORTUNITY. The subjects are situated on the North side of Sauchiehall Streets pedestrianised precinct on Glasgow’s Golden “Z” shopping centre. Occupying a dominant corner position on Sauchiehall Street & Renfield Street, the subjects present a rarely available opportunity to acquire a freehold in the city centre. Potential For Residential / Boutique Hotel / Student Accommodation / Business Centre / Office Scheme / Leisure / Gymnasium / Storage or mixture of uses subject consents. Floors Accessible Via Multiple Stairwells or Elevator. Multiple points of access / egress on Sauchiehall St & Renfrew Lane. The subjects comprise ground, first, second and third floor retail space, together with ancillary office and staff facilities with a small loft used for storage purposes. 9,800 square feet. GROUND - 552 SQ FEET. First Floor 3,420 sq ft Second Floor 2,874 sq ft Third Floor 2,399 sq ft Attic 544 sq ft. RATEABLE VALUE £105,000 ***RENTAL POTENTIAL UP TO £120,000 PER ANNUM*** VAT FREE PROPERTY (Building not elected for VAT so VAT not payable on price). LISTED BUILDING THEREFORE BENEFIT OF 0 RATES PAYABLE INDEFINETELY WHILST VACANT. Neighbouring occupiers include the Cineworld Complex, Pavilion Theatre, Buchanan Galleries Shopping Centre, Starbucks, Herald & Evening Times H.Q. and the Royal Concert Hall. Major developments are underway in the adjacent former B.H.S building along with developments due to commence in early 2019 within the former Glasgow Metropolitan College, ample on street parking is available close by with private multi-storey car park within minutes walk an Concert Square Car Park. OPEN FOR PRE AUCTION OFFERS VIA BID NOW BUTTON. IDEAL DEVELOPMENT BUY.
What is a Guide Price...Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.
Bid Now Explained...You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Map & Location:
Glasgow is Scotland’s largest city with a population of around 580,000 and an estimated shopping catchment of 2 million. The city is widely regarded as being second only to London in the UK retail hierarchy. ICONIC BUILDING FORMER GREAVES SPORTS. Neighbouring occupiers include the Cineworld Complex, Pavilion Theatre, Buchanan Galleries. Potential For Residential / Boutique Hotel / Student Accommodation / Business Centre / Office Scheme / Leisure / Gymnasium / Storage or mixture of uses subject consents. PRIME SAUCHIEHALL STREET GLASGOW CITY CENTRE BUILDING.
Internal Open Viewings...
This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.
External Viewings Anytime...
You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.
04 February 2019
Glasgow Radisson Hotel
301 Argyle Street, G2 8DL
Registration...You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.
Legal Packs...All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.
Deposits...If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:
Deposit Method...Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.
How To Bid:
Offer Now...You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Bid Live in Person...Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.
Bid by Phone Live...If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Download the Telephone Bidders Form
Bid by Proxy... (Ebay Style Highest Bid)
This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...