As well as the funding secured through the BID (Business Improvement District), Sauchiehall Street has been designated a substantial capital contribution for public realm works through the Infrastructure Fund within the local City Deal
A commercial property development in Glasgow’s Sauchiehall Street could present the ideal opportunity for a company or individual investor looking to generate additional income from tenants who are already in situ.
Offers are being invited for the grade B-listed Ashfield House property at 396-408 Sauchiehall Street in Glasgow city centre which is already a part-income producing asset.
The accommodation, which spans the lower ground and five upper floors, comprises 17,248 sq ft (1,602 sq m) of offices and 25,362 sq ft (2,356 sq m) of retail and leisure space and is part-let to a mix of tenants which generate £238,000 per annum.
David Cobban, director in the business space team at Savills Scotland, which is marketing the property on behalf of Lujo Properties, said: “Sauchiehall Street is earmarked for significant regeneration and improvement works to its buildings and public realm and Ashfield House presents a unique and timely opportunity to harness onto the wider benefits we can expect to see in the area.
“Combined with the income producing element of the asset, we expect to see a range of interest from parties with both commercial and residential intentions.”