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Description

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

FULL 4 FLOORS OF PRIME CITY CENTRE BUILDING. Fantastic location by Central Station. Total Area: 22,288sq ft. 2 floors tenanted - Current Rent = £273,978pa ** Planning Applied for 48 Student Suites **

***Planning Application pending with Glasgow city council for conversion into 48 Student Flats. Approved and works completed end value estimated at £15.75 million. PRIME LOCATION in the city centre.

Area 1st: 825.44sqm (8,885sq ft) 2nd: 588.63sqm (6,336sq ft) 3rd: 375.88sqm (4,046sq ft) 4th: 280.66sqm (3,021sq ft) Total: 2,070.61sqm (22,288sq ft)

The building provides modern open plan office accommodation on the upper floors & leisure use at ground floor level. First and second floor are tenanted with remaining floors currently vacant.

Finlay House is a prominent Glasgow office constructed around the early 1980s. It is of brick built construction and is arranged over basement, ground and 4 upper floors. 1 Block from Buchannan Street

Application pending with Glasgow city council for 48 Student Suites. If approved and works completed end value estimated at £15.75 million. PART INCOME PRODUCING INVESTMENT*** Prime City Centre Location SUPERSIZE Total Area: 22,288sq ft. 2 floors tenanted - Current Income Producing £273,978p.a.x. Planning Potential for 48 Student Suites. Finlay House is a prominent Glasgow office constructed around the early 1980s. It is of brick built construction and is arranged over basement, ground and 4 upper floors. The building provides modern open plan office accommodation on the upper floors and leisure use at ground floor level. The general specification of the building is as follows: • Combination of raised access floors and under floor trunking • Suspended ceilings incorporating LED lights • VRF Air Conditioning • Full height double glazed windows to the front and rear • Shallow floor plates benefiting from excellent natural light • 2 passenger lifts • Commissionaire manned reception • Disabled access • Male, female and accessible WCs on each floor • Shower facility in the basement • A dedicated external balcony on the 4th floor Area 1st: 825.44sqm (8,885sq ft) 2nd: 588.63sqm (6,336sq ft) 3rd: 375.88sqm (4,046sq ft) 4th: 280.66sqm (3,021sq ft) Total: 2,070.61sqm (22,288sq ft) The building provides modern open plan office accommodation on the upper floors & leisure use at ground floor level. First and second floor are tenanted with remaining floors currently vacant. PRIME LOCATION in the city centre. Planning Potential for 48 Student Suites with open floor plates and multiple Points of Access / Egress. Investment Summary 2 Floors are currently income producing let on the following terms; 1st Floor - 8,885sq ft Held on a full repairing and insuring head lease to Succession Wealth Management Ltd expiring 31st January 2028 passing £159,930p.a.x 2nd Floor - 6,336sq ft Held on a full repairing and insuring head lease to Foundation for Credit Counselling expiring 1st March 2027 at a passing tent of £114,048p.a.x.

The property is situated on the east side of West Nile Street at its junction with Drury Lane and St Vincent Street in Glasgow’s city centre. The city has a population of 600,000 people making it Scotland’s largest city. The region surrounding the conurbation has approximately 2.3 million people within a one hour drive, which is more than 40% of Scotland’s entire population, making it the fifth largest urban area in the UK. The central belt of Scotland is home to 3.5 million people and is one of the top 20 largest urban regions in Europe The property is situated in the prime leisure pitch within Glasgow City Centre with nearby occupiers including All Bar One, TGI Fridays, The Ivy, Gaucho, Sugo Pasta, Franco Manca, Costa, Five Guys and Miller and Carter to name just a few.

Full Address: 10-24 West Nile St, Finlay House, Floors 1-4, Glasgow City Centre, G1 2PP

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2027-2028
Rent: £273,978 per year / £22,832 per month
Yield: 18% (approx)
Tenant: Company
Notes: 2 Floors are currently income producing let on the following terms; 1st Floor - 8,885sq ft Held on a full repairing and insuring head lease to Succession Wealth Management Ltd expiring 31st January 2028 passing £159,930p.a.x 2nd Floor - 6,336sq ft Held on a full repairing and insuring head lease to Foundation for Credit Counselling expiring 1st March 2027 at a passing tent of £114,048p.a.x.

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Pricing Information & Bidding

Opening Bid: £1,495,000

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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 £2,750 for on time settlement

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Auction Details

Date & Time: 09 October 2025, 10am-3pm
Type: Timed Online Auction

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