Buyer sought for historic building in the heart of Glasgow’s business and retail district

A rare Grade ‘A’ listed building on one of Glasgow’s most prominent street corners has been put up for sale with a price tag of offers over £3 million.

 

May 21, 2020

The historic property at 2-10 Bothwell Street was built in 1849 during the height of the Victorian era. It was redeveloped for occupation by Abbey National, now Santander, and is currently a multi-let office space home to several well-established occupiers.

The building extends to 28,136 sq ft over basement, ground and floor upper floors with the benefit of 6 external car spaces.

Because of its prime location and versatile building plan, the building provides the opportunity to be redeveloped for a variety of alternative uses including offices, hotel, leisure and retail uses, subject to local planning consent.

The property is situated in the centre of Glasgow within walking distance of the Central Station, the prime retail district and the core corporate office area.

Property firm JLL is marketing the building and is seeking offers in excess of £3m.

Mike Buchan, Lead Director, Glasgow at JLL, said: “This is an exceptional property, with a strong tenant base, which has been a permanent fixture in the heart of Glasgow’s business district for over 170 years. It is a unique opportunity to purchase such a high profile building and we expect interest to be shown from a range of perspective buyers who see the potential in the site.

“Its central location makes it an attractive office investment or redevelopment for a variety of uses.”

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.