BIDDING OPENS in...
Map   Street View   Satellite

Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Vacant

14,829sq ft Full City Centre Building with Potential For Sub-Division and Restaurant / Residential / Gymnasium / Leisure Use. RENTAL ESTIMATE approx £185,000p.a.x. Includes Basement, Full Building.

The property is situated on the south side of Argyle Street at the “Four Corners” junction with Union Street adjacent to the 'Heilanman's Umbrella' overpass to Central Station.

The property comprises a stand alone iconic building within Glasgow City Centre, designed by James Thomson in 1863.

Originally designed and built as a warehouse, the property was most recently the home of Tower Records, as such has been upgraded with elevator serving all floors.

Basement: 186.82sqm (2,011sq ft) Ground: 310sqm (3,337sq ft) 1st Floor: 292.17sqm (3,145sq ft) 2nd Floor: 294.32sqm (3,168sq ft) 3rd Floor: 294.32sqm (3,168sq ft) Total: 1,377.62sqm (14,829sq ft)

The property comprises a stand alone iconic building within Glasgow City Centre, designed by James Thomson in 1863, the property offers a Venetian styling and is one of the cities remaining cast iron buildings. Originally designed and built as a warehouse, the property was most recently the home of Tower Records, as such has been upgraded with elevator serving all floors. Offering a substantial glazed frontage, the property benefits from dual, double doors of aluminium framed and glazed construction. Internally the floors plates are primarily of open plan layout with main staircase of diamond cut aluminium and cast iron, a service staircase sits to the rear of the property running the full height of the building and leading to a fire escape within the basement to there front of the building. The lift shaft sits to the rear of the property. Each floor benefits from air conditioning units, full height windows to the front overlooking Argyle Street and at upper level, onto the platforms of Central Station. The basement offers storage, staff facilities, fire escape and M&E plant room. With each floor providing excellent ceiling height, the property lends itself to a variety of uses such as gymnasium, restaurant, bar, nightclub, retail, creative space, office, residential, amongst others. Planning Planning for conversion to bar, restaurant and nightclub at upper floors was submitted in 2013, copies of plans can be obtained via the Glasgow City Council Planning Portal Ref:13/00345/DC Area We have calculated the property to extend to the following floor areas; Basement: 186.82sqm (2,011sq ft) Ground: 310sqm (3,337sq ft) 1st Floor: 292.17sqm (3,145sq ft) 2nd Floor: 294.32sqm (3,168sq ft) 3rd Floor: 294.32sqm (3,168sq ft) Total: 1,377.62sqm (14,829sq ft) NAV/RV The property has been assessed and entered onto the valuation roll with the following NAV/RV £136,000 The property is listed as Category B by Historic Scotland.

The property is situated on the south side of Argyle Street at the “Four Corners” junction with Union Street adjacent to the 'Heilanman's Umbrella' overpass to Central Station. Argyle Street is one of the principal retailing pitches in Glasgow City Centre. The locale is extremely busy with passing vehicular and pedestrian traffic to and from Central Station. There are a mix of retail and leisure operators in the immediate vicinity including McDonalds, KFC, Taco Bell, The Cathouse Nightclub, House of Fraser, Tim Hortons, Radisson Blue and YO! Hotel.

Full Address: 217-221 Argyle Street, Glasgow, G2 8DL

Show More

Document Downloads

  Legal Pack (Pending)

 * Click the above 'Pending' document link to log your request and we will notify you once available.

Pricing Information & Bidding

Opening Bid: £1,611,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

How to Bid... To take part in the online auction you must firstly create a bidding account. Once you have a bidding account you can then login and place bids during the auction. Please click on the following link to view the latest Online Auction Bidders Guide now.

View Live Online Auction

Offer Now... 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.

Submit Offer Now

SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

Payment Calculator

Please use our PAYMENT CALCULATOR to confirm the necessary reservation deposit for this property if you are successful with an offer now or bid at auction.

Payment Calculator

Buy Now Price = £1,790,000

Please use our BUY NOW form to secure this property now. Once you submit the form we will send you an invoice and payment details so you can make the necessary deposit payment to proceed with the purchase.

BUY NOW for £1,790,000 - CLICK HERE

Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

View Full Auction Catalogue

Similar Properties


Lot 284
£111,000 OPENING BID
  • ***100% PRIME HOT FOOD INVESTMENT*** Extremely well-established, standalone HOT FOOD UNIT...
Lot 99
£98,000 OPENING BID
  • Hot Food Take Away shop within Greenock. Currently trading under (LINDA CARRUTHERS & MALC...