Land for sale80 High Street, Glasgow, G1 1NB
Offers in Region of £500,000
- Development Opportunity
- Prime location
- Current income Â£33,000 pa
- Approximately 0.12 acres
- Consent in principle
The site is located on the eastern side of High St close to its junction with Bell St in the Merchant City area of Glasgow. The Merchant City has a rich tapestry of buildings new and old many of which have residential apartments on their upper floors with a wide range of bars, restaurants and boutique businesses occupying the ground floors.
The site is within a short walking distance from the City Centre, Strathclyde University, Glasgow Caledonian University, Glasgow Royal Infirmary and a wide range of other city landmarks.
The site presently comprises 'McChuills' public house and 2 retail units on a site of approximately 0.12 acres (0.05 Ha). All are contained within a single storey blonde sandstone building. This building is overlooked by an existing sandstone residential building on its southern side. To the northern and eastern boundary is Parsonage Square, a relatively modern residential development, the access road for which bounds the site. This forms the car park to the rear of the site.
The site benefits from a full planning consent granted in July 2008 for 32 one bedroom apartments.
The planning consent will lapse in July 2012. Further information is available upon request.
The site comprises of a trading public house and two retail units. The current rent for the public house is Â£21,000 per annum and the rents for both retail units is Â£6,000 per annum, giving a total income of Â£33,000 per annum for the site.
High St is the main arterial route linking the north side of the City at Glasgow Cathedral with the Trongate and River Clyde on its south side.
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