Historic Glasgow building with serviced apartment consent up for sale

George Sell George Sell Uploaded 03 May 2021

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UK: The Teachers Building on Glasgow's St Enoch Square is for sale with a guide Bruce of £1.35 million.

Built in 1875, and designed by architect James Boucher, the B-listed six-storey property was originally built to house the headquarters, offices and dram shop of William Teacher & Sons and was located across the square from the St Enoch railway station and hotel, which formed one of the main routes to the south and London St Pancras. More recently it was a conference centre for the Institute of Engineering and Technology.

The building has planning consent for a bar and restaurant with outdoor seating, and 25 serviced apartments.

Shepherd Chartered Surveyors is bringing it to market, with offers over £1.35 million invited.

Steve Barnett, managing partner at Shepherd, said: “Representing a prime city centre development opportunity for the consented bar, restaurant and serviced apartment consent, the Teacher building also offers an excellent opportunity for an occupier or office investor to acquire a well-appointed landmark office HQ in an improving location suitable for immediate occupation. Last year, the building was granted planning permission to create a ground floor restaurant and bar with capacity for 101 covers and a further 110 bar capacity with outside seating areas."

“The proposed consent for bar/restaurant use at ground and basement floor levels sits well with the density of other hospitality businesses in the surrounding area and will be well served from the adjacent St Enoch Shopping Centre, the St Enoch subway station and the new hotel developments nearing completion," he added.

 

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