PRIME NEW LISTING. We are excited to present this commercial unit with 4600 sqft of floor space, occupying the entire bottom floor, located within a prime location in Glasgow.
The property presents itself as a promising long-term commercial investment, ideally suited for diverse industries such as technology, finance, and healthcare. The previous occupier secured a rental of £9,000 per calendar month, equivalent to £108,000 annually.
Furthermore, the property holds potential for conversion into an 8-bedroom hostel, pending research and necessary consents. An earlier application for this conversion has been made, suggesting potential revenue exceeding £200,000 per annum based on occupancy and pricing strategies.
Location
Glasgow is a vibrant and cosmopolitan city renowned for its rich history, cultural landmarks, and thriving business environment. The property is ideally located at 95 Morrison Street, G5, with excellent transport links, offering a dynamic setting for businesses to flourish.
Accommodation
The property occupies the entire ground floor of SMK Business Centre and provides approximately 4,600 sq ft of well-designed, flexible office accommodation.
This property offers a lucrative opportunity as a premium serviced centre, featuring 14 private offices, 8 hot desks, and a personal reception. This configuration has the potential to generate substantial monthly and annual income.
Terms
Guide Price: £545,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.