Commercial Investment Property

A tenanted commercial property located in a prime 100% location overlooking George Square in Glasgow City Centre. The property comprises 27,381 sq ft of office space on the upper floors and a 121-cover restaurant on the ground floor, let to Elia Greek Restaurant until 2034 with no breaks and a rent review in 2029. An external advertising agreement at the corner generates £13,000 every 28 days. The property offers potential for residential, hotel, or mixed-use redevelopment, subject to planning permission. Access is via street level at George Square, with dual elevators and egress/loading from Anchor Lane. This is a prime investment opportunity, perfect for any portfolio, offering part-income generation. George Square is a central public space surrounded by amenities and benefits from excellent transport links, including nearby Queen Street Station, buses, and the Subway. The surrounding city centre provides ample shopping, dining, and entertainment options. Visitors should note that George Square is undergoing redevelopment, with works continuing into 2027. The property is of Freehold tenure and is currently tenanted. The Rateable Value can be searched on the SAA website. The current rent for the restaurant is £55,000 per year, with an approximate yield of 2%. The Notes section in the Tenancy Details provides further information on the rental agreement and advertising agreement.