One of Scotland’s largest independent firms of chartered surveyors has announced that it is bringing a Grade A-listed building to market in Glasgow’s fashionable Merchant City.
The circa 8,500 sqft property on Virginia Street dates back to 1760 and already has planning permission to develop an 18 room boutique hotel – offers are being accepted at over £1.33m.
The accommodation, arranged over five floors including basement, ground and three upper floors benefits from an attractive courtyard to the rear and has been consistently maintained and upgraded since the early 1990s.
Full planning permission has also been granted for bar and restaurant uses for the ground and basement as well as for 18 boutique-style hotel rooms to be developed on the upper floors.
Jonathan McManus of DM Hall’s Glasgow-based commercial agency department said: “This is a very attractive opportunity for developers/hoteliers who recognise the long-term ongoing development of the Merchant City as a highly appealing city centre hub.
“There is always room in the heart of Glasgow city centre for an attractive, upscale boutique hotel that promises not only to bring in local people but that will also appeal to the anticipated burgeoning, post-Covid-19 tourist and conference clientele. This could also be of interest for residential development and for serviced apartments.
“Notes of interest are invited for our clients’ heritable interest in the property at offers over £1.33M. Parties should register their interest in writing to DM Hall to be kept advised of any closing date which may be set for the receipt of offers.