FOR 1OO SALE OSBORNE STREET

PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY IN THE HEART OF G1 5RP Exciting opportunity to benefit from Glasgow 1OO City Centre’s untapped residential market, a short OSBORNE STREET walk from the desirable district of Merchant City Several high profile new developments proposed nearby set to transform the surrounding area

Extending to 0.2 acres with Detailed Planning Permission for a 165-bed hotel (12 storeys)

Indicative pre-planning scheme prepared for alternative Residential development

Queen Street Station

Central Station George Square

St Enoch Shopping Centre

Argyle Street Station Merchant City 1OO OSBORNE STREET GLASGOW

Glasgow is the cultural, sporting CITY SNAPSHOT and academic heart of Scotland and one of Europe’s most dynamic and cosmopolitan cities.

Glasgow City Centre is the principal business and commercial hub in Scotland with a diverse economic base having repositioned itself as an international SSE Hydro – Largest Retail Centre Top 5 most popular UK provider of business and financial services; a major tourist destination and a UNESCO Commitment to double world’s top indoor arena outside London cities for international City of Music city centre population national centre for retail, entertainment, and leisure facilities. Glasgow offers & 4th in global ticket sales visitors in 2018 over next 15 years unrivalled conference facilities being home to the Scottish Event Campus, the worldwide UK’s largest integrated conference and convention centre.

The city is the economic catalyst for Scotland, contributing a GVA of approximately £20 billion to the country’s economy annually. Glasgow has experienced a record-breaking level of inward investment since 2011 (£16 billion). Glasgow hosting the Commonwealth Games in 2014 was a major driver of this, which resulted in the enhancement of the city’s infrastructure and the regeneration of major areas within the city.

The city has the UK’s largest retail offering outside of London, with focus Tripadvisor Top 10 More green space per mile Home to 185,000 Scotland’s The 19th most especially on the area’s main retail precincts of Buchanan Street, Argyle Street City in the world than any other UK city students from largest city millennial friendly and Sauchiehall Street; a thriving district of shops, restaurants, cafés, bars, 140 countries (622,000 people) city in the world, boutiques, hotels, and clubs. It attracts approximately 2.5 million visitors per year and 3rd in the UK and was recently awarded Rough Guide’s ‘Friendliest City in the World’ award.

Glasgow has an excellent reputation for education, with 5 universities and 3 colleges. Retention rates are amongst the highest in the UK with 51 per cent of students choosing to stay in the city after graduation; the fifth highest ranking city in the UK and the top-ranking city in Scotland. Glasgow’s thriving student population and high percentage of young professionals contributes to it being a youthful city with a skilled and multilingual workforce with over 130,000 students UK’s Top Cultural Ranked No3 UK city Top ten global city of the 4th highest level of 20+ trains per day from 135 different countries. Glasgow was recently awarded the ‘best place for and Creative City for quality of life future 2018 / 2019 disposable income direct to London young UK renters’. 100 Osborne Street is located in the heart of Glasgow The vibrant and bustling district of Merchant City is a short walk MICRO City Centre, at the junction of Old Wynd and directly 1OO from the site and offers an array of designer boutiques and stylish opposite King Street Car Park, earmarked to become a OSBORNE STREET cafés. Additionally, the prime city centre location is within easy reach LOCATION major mixed use development. This, along with several of the Central Business District with a variety of corporate occupiers other major projects either underway or due to start, in the surrounding area. Glasgow Green extends to 136 acres of open greenspace and is only a 350 metre walk from the site. will further benefit the location. The location benefits from a large mix of retail and leisure facilities with representation from numerous coffee shops, restaurants, bars, sandwich outlets and convenience stores. Nearby occupiers include 36 Sainsbury’s Local, Argos, Marks & Spencer and Caffè Nero.

The site is ideally placed for access to all public transport, with BUCHANAN ST S SUBWAY Argyle Street Train Station (150m), St Enoch Subway Station (480m) and (650m) all within a 5/10-minute walk. QUEEN STREET STATION It also benefits from St Enoch and Buchanan Street Subway Station and an extensive range of bus services. 35

G E O R G E S T R E E T

GEORGE SQUARE S T V I N C 01. St Enoch Centre E N T S T R E E T T 22 02. King Street Car Park E

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R 03. Mono

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E 04. 13th Note E 34

S E R O 05. Avant Garde T R

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H C 33 08. Caffè Nero U B 21 09. Sainsbury’s Local 24 10. Tesco 28 23 T I N 11. Marks & Spencer E G R A M S E 32 T T R E E T T R E E HIGH STREET STATION 12. Caffè Nero T E E R S R T T 31 T E S 13. The Dhabba N 25 E S

E R H E R G T I E 14. Café Gandolfi U S H L GLASGOW CENTRAL Q L K I

C STATION S 15. The Italian Caffe I M

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W 20 G S I 16. Merchant Square

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27 19 E 29 U L R 17 17. City Halls D B

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A 18. The Wilson Street Pantry 18 C T T E T E 19. Dhakin E E W E 15 I L S E O R R T N S T T R R T E E E T 20. Brunswick Hotel T S S E 16

S R N 26 A T I O D 21. Piece S I N R I B

O N L 14 G

F 22. Strathclyde University O A R

I S A R G Y L E S T R E E T S

S V E B E A L 23. Tinderbox H L L 13 S ST ENOCH C T R G T E SUBWAY S E T 24. Hutchesons U

H 11 25. BrewDog 12 26. The Club Gym 30 08 27. Merchant City Yoga 09 ARGYLE STREET T 28. Mercure Hotel STATION E E 10

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5 A 29. The Spiritualist T R G Y L

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M R E L E T N 30. Premier Inn Hotel L Y T

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E N W W E 31. Paesano Pizza

K R W U 07 C T D E

O S 32. Travelodge Hotel

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W N 33. The Gallery of Modern Art

I S D K O L ’ S 34. Pret a Manger O

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W O R N 01 E 35. Millennium Hotel A S T R E L 05 E T 36. Buchanan Galleries

K 04 02 RIVER CLYDE 03 BUCHANAN ST S SUBWAY

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T T I N E E G R A M E S T E T T R E E T T R E R E E HIGH STREET STATION T E T E AN EVOLVING E S R R S R T T T T E S N N S S E A E H LOCATION R E E R N G T I L E U A I S H L GLASGOW CENTRAL Q H N L K

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S G B W E G The area immediately surrounding the site is S I

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undergoing major transformation with several E U L exciting new developments proposed, particularly R D B in Merchant City and along the River Clyde. The N A

introduction of several high-profile schemes will have C T T a hugely positive impact on the area. E T E E E W E I L S E O R R T N S T T R R T E E E T T S Planning consent has recently been granted for S E

S R N Candleriggs Square development and consultation is A T I D O S I N underway over a major mixed-used development for R I B

O N L the adjacent King Street Car Park (NCP) site. G F O A R

I S A R G Y L E S T R E E T S

S V E B E A L Mixed use development is a key driver in bringing H L L S ST ENOCH C T R forward new residential, office and leisure G T E SUBWAY S E T development within the city centre. St Enoch U H 03 Shopping Centre is undergoing refurbishment to increase its leisure offering including a new cinema, restaurants and several new shops.

ARGYLE STREET T STATION E E R A 01. King Street Car Park: Mixed-use development T R G Y L S E S 02. TJ Hughes Department Store D T R E E L T N 03. Candleriggs: Mixed-use development L Y T E

E 04. Osborne Street Car Park W W E

K R 05. Custom House Quay Riverfront 02 W C T 09 D E

O S 06. 222 Clyde Street: Mixed-use development N N

T Y G 07. 236-246 Clyde Street: Hotel development S

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08. 8 Dixon Street: Hotel development 04 I D K O L 09. Custom House: : Hotel development S B O O 10. St Enoch Shopping Centre: Cinema extension R 08 N 11. 39 Ropework Lane: Serviced Apartments 10 E 07 S T R 06 E E T

01 11 05

RIVER CLYDE 1OO OSBORNE STREET 1OO OSBORNE STREET

The site extends to approximately 0.2 acres and is currently used for car parking.

Situated in the heart of Glasgow City Centre, the site is bounded by Osborne Street to the south and Old Wynd to the west. Trongate is located north of the site. Adjacent to the site lies T.J.Hughes retail outlet, NCP Car Park and vacant properties to the north and west.

The main architectural character of the surrounding area includes an eclectic mix of styles from the 19th and 20th centuries. The new build proposal will enhance and compliment the existing character of Osborne Street, in keeping with the tone of the surrounding area.

Vehicular access is taken via Osborne Street on a one-way basis from King Street. Pedestrian access is also via Osborne Street, with an opportunity to enhance the existing connection with Trongate through the Old Wynd passageway.

The site currently benefits from Detailed Planning Permission for a 165-bed hotel over 12 storeys. However, the site is suitable for a range of uses and offers an excellent residential Private for Sale or Build to Rent opportunity. An indicative pre-planning scheme has been prepared by Cooper Cromar for a Residential development extending to 87 units.

PRIVATE FOR SALE

Glasgow City Council committed to double City Centre population over next 15 years

Largely untapped residential market in Glasgow City Centre

Recent shift in appetite in the Glasgow City Centre residential market, which previously focused on City Centre suburbs

Increased demand for central living in recent years, predominantly from young professionals

Limited supply of new homes in the City Centre in the past 10 years

BUILD TO RENT

Glasgow City Centre is a key focus for BTR operators and investors

Attractive opportunity in prime location for a niche, bespoke BTR scheme

No BTR scheme of this scale exists in the deveopment pipeline

Alternative offering to the large scale BTR schemes proposed in Glasgow

Glasgow offers an attractive demographic with a strong economic backdrop PLANNING OPPORTUNITY 1OO PLANNING & In 2019, Detailed Planning Permission was Initial pre-application discussions have been OSBORNE STREET OPPORTUNITY granted by Glasgow City Council for a 165-bed held with Glasgow City Council. hotel rising 12 storeys at the junction of Old Wynd Street and Osborne Street (application Proposals for a residential development have been reference: 19/00886/FUL). considered in accordance with the CDP policies. Cooper Cromar have undertaken a feasibility study The site is located within Glasgow Central for a 12 / 15 storey building consisting of 1, 2 and Conservation Area. Several listed buildings 3 bedroom apartments with private terraces and are located within the immediate surrounding balconies. The proposals include a private courtyard area including Granite House, Britannia and communal roof terrace at the 14th floor. The Panopticon Music Hall, Tron Steeple, Tron ground floor will be used for co-working, a gym and Theatre, Bridgegate and more. back of house areas as well as providing the main entrance to the apartments.

With planning yet to be submitted, the incoming purchaser will have the opportunity to lead on discussions and input on design and specification.

Streetscape - Consented Scheme INTERESTED PARTIES

Interested parties are advised to note their interest in writing to the sole selling agent JLL.

The purchaser will be responsible for their own legal costs and all taxes associated with this transaction.

Offers are invited for the Heritable Interest in the site. The seller’s preference is for an unconditional sale.

Conditional offers may be considered if supported by detailed information on the proposal and timescales.

FURTHER INFORMATION

For all viewing enquiries and requests for further information, please contact Nina Stobie or Amy Nuttall in the Residential and Development Land team at JLL.

NINA STOBIE +44 7733 113 934 [email protected]

AMY NUTTALL +44 7720 070 353 [email protected]

Disclaimer: JLL for themselves and for the vendors or lessors of this property whose agents they are, give notice that:- a. the particulars are set 1OO out as a general outline only for guidance and do not constitute, nor constitute part of, an offer or contract; b. all descriptions, dimensions, references to OSBORNE STREET condition and necessary permissions for use and occupation, and other details are believed to be correct, but any intending purchasers, tenants or third parties should not rely on them as statements or representations of fact but satisfy themselves that they are correct by inspection or otherwise; c. no person in the employment of JLL has any authority to make or give any representation or warranty whatever in relation to the property; d. Any images may be computer generated. Any photographs show only certain GLASGOW / G1 5RP parts of the property as they appeared at the time they were taken. e. This correspondence is expressly subject to completion of formal legal missives in accordance with Scots Law. © May 2021 Jones Lang LaSalle IP, Inc.