CBRE has been appointed by Bywater to bring McLellan Works, a mixed-use investment opportunity in Glasgow city centre, to the market at offers over £11.47 million.
Located at 274 Sauchiehall Street, McLellan Works extends to 44,240 sq ft and has undergone a refurbishment and renovation project, transforming the building into a fully electrified premises with ‘market-leading’ sustainability credentials.
The property provides retail and leisure space across the basement and ground floor with frontage directly onto Sauchiehall Street, and office accommodation across the upper three floors. It also features basement car parking and bike storage facilities.
The building is multi-let to a range of occupiers including CALA Homes (West), Spencer Ogden, Telus Health, Black Sheep Coffee, and British Heart Foundation, alongside independent operators such as Sprigg, Hinba, and Bee Inspired Clothing.
Andrew Shiells, senior director, CBRE Capital Markets Scotland, said, “McLellan Works represents a rare opportunity to acquire a modernised, design-led building in one of Glasgow’s most dynamic locations. With its strong tenant line-up, excellent sustainability credentials and secure income profile, it offers investors attractive initial returns with potential for future growth in a city that continues to demonstrate robust occupier demand.”
Patrick O’Gorman, CEO of Bywater, added, “McLellan Works represents everything we stand for at Bywater; creative reuse, community impact and future-facing design. Sauchiehall Street is undergoing a remarkable transformation, and we’re proud to have played a role in bringing this iconic building back to life. With its strong tenant mix, low-carbon design and vibrant location, McLellan Works is a standout investment opportunity in one of the UK’s most exciting cities.”
