Mercat Building, 26 Gallowgate, Glasgow, G1 5AB

The subjects were constructed during the late 1920s and comprise a grand, architecturally striking landmark building comprising six floors. The building is 'A' listed and is constructed of steel-framed polished ashlar beneath a slated mansard roof. It is currently utilised as offices and workshop/studio space with retail accommodation on the ground floor. The upper floors are accessed via a central stairwell and lift lobby accessed from Gallowgate.

It is currently utilised as offices and workshop / studio space with retail accommodation on the ground floor, which has extensive frontage to Gallowgate, London Road and Glasgow Cross. The upper floors are accessed via a central stairwell and lift lobby accessed from Gallowgate.

OPPORTUNITY
The building represents an opportunity for an investor / developer to redevelop a landmark building in Glasgow City Centre.

Potential uses include retail, food + beverage, boutique hotel, offices and others.

Additionally, the property is also suitable for owner-occupation.

TENANCY INFORMATION
The building is currently occupied in part by a retail tenant on a monthly lease and an office occupier on the third floor, with a lease expiry on 27th April 2024. Otherwise, the building is vacant.
In addition, there is a telecommunications mast lease expiring in June 2034. Full details available from the agents.
( Agency Pilot Software ref: 51954 )