GLASGOW: A CITY OF OPPORTUNITY
Glasgow, Scotland’s largest city, is a dynamic hub for business, culture, and tourism. The city centre offers a rich blend of retail, leisure, cultural attractions, and commercial activity.
Connectivity:
- Two major mainline railway stations.
- Efficient underground system and extensive bus networks.
- Excellent motorway links to the rest of the UK.
- Glasgow International Airport connecting to global destinations.
This infrastructure, combined with urban regeneration and a strong local economy, makes Glasgow a top-tier location for growth and investment.
SPECIFIC LOCATION
Broomielaw, on the north bank of the River Clyde, is part of the International Financial Services District (IFSD). Once traditional docklands, the area has been transformed into a modern business and leisure hub. Its proximity to corporate headquarters, transport links, and cultural attractions makes it attractive to both business travellers and tourists.
DEMOGRAPHICS
- Catchment population: ~1.85 million.
- Workforce: ~440,000, including many international headquarters.
- Student population: ~115,000 (University of Glasgow,
- Strathclyde University, Glasgow Caledonian University).
- Tourism: Millions of visitors annually, driving demand for high-quality accommodation.
THE GLASGOW ACCOMMODATION MARKET:
Key Market Metrics:
- City centre occupancy rates: 80%–85%, often higher during major events.
- Average daily room rate for Glasgow Hotels generally ahead of most major cities including Manchester, Birmingham, Liverpool, and Leeds.
- Serviced apartment sector: Growing, catering to corporate and leisure travellers seeking longer stays.
These fundamentals underline the significant opportunity at Oswald Chambers.
PROPERTY & PLANNING CONSENT
The property comprises an existing attractive stone-built building with an adjacent cleared site.
- Planning consent granted: 12th August 2022 (REF – 21/01751/FUL) for an aparthotel.
- Total apartments: 134 (sizes 23–35 m²).
- Consent expired: 12th August 2025 but can be reapplied or amended.
THE OPPORTUNITY
Oswald Chambers offers:
- Development for an owner-occupied hotel.
- Investment or development opportunities with potential lease/management contracts.
- Prime city centre location with iconic development potential.
Terms
PRICE
Offers Over £3.95 million
Reflects the exceptional development potential, size, prime location, and planning consent history. A rare chance to acquire a landmark building with a clear pathway to a profitable accommodation venture.
Specification
ANTI MONEY LAUNDERING
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.