SHEPHERD Chartered Surveyors has announced it is bringing to market a full townhouse in Glasgow city centre as a redevelopment opportunity.
Located on the south side of Elmbank Street within the Central Business District, the 6,533 sq ft mid-terrace townhouse is arranged across basement, ground, first and second floors with a rear extension which was added in later years. It currently features a mixture of office, retail, and storage space.
Presently let to Clyde Regional Scout Council until September 2026 at a passing rent of £20,000 per annum, detailed planning permission has been approved for redevelopment into five residential dwellings.
The building was converted to its current use around 1920 when the Boy Scouts Association took occupation. A rear extension was added during the 1960s to form two additional floors of open plan storage space. A front cantilevered sales display bay window was added to the front elevation during the same period.
The building was refurbished in 2017, which included an overhaul of the existing slate roof, leadwork repairs/replacement, repointing/ stonework repairs, external redecoration, and replacement of the flat roof over the rear extension.
Calvin Molinari at Shepherd Chartered Surveyors said, “In recent years, we have been involved in numerous disposals of full townhouses that have been received well by owner occupiers, investors and developers alike. 21 Elmbank Srteet is particularly interesting as it benefits from full planning permission for five dwellings. The surrounding area is subject to extensive redevelopment with numerous developments breaking ground in recent months.”
Adjacent to the property, planning permission has been granted for the redevelopment of a former school building into a five-star hotel and wedding venue while, to the rear, a residential development is planned featuring 591 purpose-built student studio apartments.
Offers over £585,000 are invited.
