Marketed by
TSA Property Consultants
Glasgow
3rd floor, 162 Buchanan St, Glasgow G1 2LL
New
1 of 6
£499,000
121-133 Sauchiehall Street, 1st–3rd Floors, Glasgow, G2 3DD
15467 sq. ft (1436.93 m²)
Key features
- 1st–3rd floors extending to 15,467 sq ft
- Planning for 21 serviced apartments / short-term lets (ref 24/02373/LBA)
- Mix of 9 studios, 9 one-bed and 3 two-bed apartments
- Estimated rental value £250,000 p.a.
- An experienced Glasgow aparthotel operator has expressed interest
- Rear access from Sauchiehall Lane
- Freehold: offers over £499,000
Description
121-133 Sauchiehall Street is a rare city centre development opportunity. It comprises the first to third floors of a substantial four-storey commercial building with a flat roof, extending to approximately 15,467 sq ft (1,436.93 sq m). The ground floor is in separate ownership. Access and egress are from Sauchiehall Lane to the rear.
Planning was granted in November 2025 for conversion to 21 short-term serviced apartments, subject to conditions and a Section 75 notice (ref 24/02373/LBA). The proposed scheme has 9 studios, 9 one-bedroom and 3 two-bedroom apartments (24 bedrooms in total), aimed at leisure, corporate and extended-stay demand. A Scotland-based aparthotel operator with two operational Glasgow assets has approached about the scheme. The estimated rental value is £250,000 p.a., and the operator's projections point to about £271k EBITDA at 83% occupancy. Offers are currently in for two commercial structures: a management agreement at 18% + VAT of gross booking revenue, or a 25-year FRI lease at £220,000 p.a.
The property is offered freehold at offers over £499,000. VAT is applicable, and each party bears its own legal costs.
Unit Name: 1st | 5207 sqft |
Unit Name: 2nd | 4857 sqft |
Unit Name: 3rd | 5403 sqft |
Planning was granted in November 2025 for conversion to 21 short-term serviced apartments, subject to conditions and a Section 75 notice (ref 24/02373/LBA). The proposed scheme has 9 studios, 9 one-bedroom and 3 two-bedroom apartments (24 bedrooms in total), aimed at leisure, corporate and extended-stay demand. A Scotland-based aparthotel operator with two operational Glasgow assets has approached about the scheme. The estimated rental value is £250,000 p.a., and the operator's projections point to about £271k EBITDA at 83% occupancy. Offers are currently in for two commercial structures: a management agreement at 18% + VAT of gross booking revenue, or a 25-year FRI lease at £220,000 p.a.
The property is offered freehold at offers over £499,000. VAT is applicable, and each party bears its own legal costs.
Unit Name: 1st | 5207 sqft |
Unit Name: 2nd | 4857 sqft |
Unit Name: 3rd | 5403 sqft |
Reference: 426680_sales
Marketed by
TSA Property Consultants
Glasgow
3rd floor, 162 Buchanan St, Glasgow G1 2LL
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