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Sub Lease Development , Tontine Building 20, Trongate, Glasgow, G1 5ES

918 to 27,962 Sq Ft / Retail / Retail - High Street

To Let

Available - Last updated: 15 November 2021

The Tontine complex comprises a mix of retail and office accommodation within 4 inter-connected sandstone buildings which have extensive frontages to Trongate, High Street and Bell Street. The buildings are a mix of red and grey sandstone construction under flat roofed areas, with the benefit of basement storage and rear service access from Tontine Lane together with a number of parking spaces.

Internally the upper floors are laid out in a variety of cellular and open plan office
accommodation, some of which has been refurbished. The space offers an opportunity to redevelop the building to create flexible office space ranging from small self contained accommodation to large floorplates. The buildings are currently linked above ground floor level offering flexibility to any ingoing developer/occupier.

The retail space at ground floor is currently made up of a number of smaller retail stores but flexibility exists to create larger accommodation if required.

In addition there are extensive ground floor and basement storage areas which can be accessed from Tontine Lane. This space offers significant flexibility to provide a mix of accommodation including licenced/restaurant, leisure, office or retail.
( Agency Pilot Software Ref: 49713 )

Location

Glasgow is Scotland’s largest city with a resident population in excess of 600,000 persons. The city benefits from a diverse and growing economy with sectors including financial services, tourism, retail, technology and higher education. Glasgow’s sustained growth has seen major occupiers expanding in the city including Barclays, HMRC and Morgan Stanley. Over 130,000 students attend the 5 universities and 3 super-colleges in Glasgow making it a young and vibrant city both to live and work in.

Glasgow University, Strathclyde University and Glasgow School of Art are all Institutions of world renown. Outside of London, Glasgow is known as the UK’s premier retail destination with a range of top quality retail and leisure offerings including Buchanan Street as the prime retail hub, in addition to St Enoch Shopping Centre, Buchanan Galleries, Princes Square and the culturally vibrant Merchant City. In addition, the city benefits from increased tourist numbers with a growing reputation as a popular tourist destination with a range of world class facilities including The SSE Hydro, The Emirates Arena and Kelvingrove Museum, as well as hosting a number of international and UK conferences and events. The subjects are located in the heart of the Merchant City with frontages to Trongate, High Street and Bell Street. This area is a vibrant business location close to the main retailing and office locations of the city. There are excellent transport links with High Street and Argyle Street low level train stations nearby

Accommodation

84 Bell Street 6,513sqft 

25 High Street 1,710 sqft

 31 High Street 994sqft 

35 High Street 939sqft 

 37 High Street 4,072 sqft

Basement Storage 41 High Street 736 sq ft

Retail Unit 45 High Street 1,383 sq ft

Retail Unit 49 High Street 1,625sq ft

Retail Unit 53 High Street 918sq ft

Retail Unit 55-59 High Street 2,078sq ft

Retail Unit 2 Tontine Lane 4,614 sq ft

Basement Storage 2 Tontine Lane 2,947sq ft

Ground Floor Storage Area 16 Trongate 4,152sq ft

Retail Unit 22/24 Trongate 5,879sq ft

Retail Unit 29 High Street 2,237sq ft

Storage Unit First Floor 27,962sq ft

Offices Second Floor 27,590sq ft

Offices Third Floor 27,600 sqft

Offices Fourth Floor 27,736sqft

Offices Fifth Floor 2,726sqft

 

Terms

OPPORTUNITY Our clients are offering the buildings to the market and offers are sought on the basis of a ground lease with base rental and equity top up provisions.

PLANNING Glasgow’s City Development Plan was adopted on 29 March 2017. See https://www.glasgow.gov. uk/cdp . Glasgow City Council approved the Strategic Development Framework (SDF) for Glasgow city centre on 22nd October 2020. The SDF guides development of the city centre - the economic heart of Glasgow and the surrounding city-region - over the next 30 years. Tontine is located within the Glasgow City Innovation District (GCID), a partnership formed by Glasgow City Council, the University of Strathclyde, Scottish Enterprise and others to promote economic growth of the GCID. The City Centre SDF supports the GCID by encouraging the colocation of innovative companies, development of supporting facilities and infrastructure in the heart of the city centre to foster an Innovation District that nurtures and accelerates inclusive economic growth with world class research and technology support. Interested parties are advised to make any planning enquiries direct to Glasgow City Council.

EPC Full information is available within the data room.

DATA ROOM A data room is available which includes Title and technical information including: Copy of registered Title, building plans, asbestos reports and EPC Certificates.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  To Let NA NA

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Terry McFarlane

Graham + Sibbald

0141 432 1202



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