Glasgow A-listed building marketed for sale

SHEPHERD Chartered Surveyors has brought to market a ‘landmark’ A-listed building on Glasgow’s Royal Exchange Square for sale.

The former GSPC building on the corner of Royal Exchange Square and Queen Street is the flagship Scottish store of Virgin Money.

Steve Barnett, managing partner at Shepherd, said, “The highly prominent traditional stone building at 2-4 Royal Exchange Square/143-145 Queen Street offers approximately 11,400 sq ft over five levels and sits alongside the city’s acknowledged prime office building developments and just around the corner from the considerable redevelopment of Glasgow Queen Street station, which has been of such benefit to the city centre.

“Virgin Money undertook an extensive refurbishment of the building’s interior while the landlord invested in extensive repairs to the exterior to bring the building up to modern occupier standards. Consequently, the building now offers a prime investment opportunity.”

Virgin recently agreed a long-term lease on its new head office at 177 Bothwell Street in Glasgow. The firm also announced it is to open a new Virgin Hotel in 2022 overlooking the River Clyde.