FOR SALE THE JACOBEAN BUILDING BOUTIQUE HOTEL DEVELOPMENT OPPORTUNITY IN THE HEART OF THE MERCHANT CITY. 49-53 VIRGINIA STREET GLASGOW • G1 1TS OFFERS OVER £1.33M INVITED THE JACOBEAN BUILDING This Grade A listed building dates back to as far as • Rare hotel development 1760 in the times of wealthy merchants in Glasgow opportunity. such as Speirs, Buchanan and Bowmen. Whilst in more recent times it has been used for traditional • Full planning consent commercial purposes these have included yoga granted. studios, offices and for a cookery school. • Within the chic The accommodation is arranged over basement, Merchant City. ground and three upper floors and benefits from a very attractive courtyard to the rear. Within • Offers over £1.33M its current ownership, the building has been invited for the freehold consistently maintained and upgraded since the interest. early 1990s. The main entrance is taken from Virginia Street. The property is on the fringe of the vibrant Merchant City area, with its diverse mix of retailing, pubs, restaurant and residential accommodation much of which has been developed over recent years to include flats for purchase and letting plus serviced apartments. DEVELOPER’S PLANNING PACK The subjects are Category A listed. Full planning permission has been granted for bar and restaurant Our client has provided us with an extensive uses for the ground and basement as well for 18 information pack on the history of the building boutique style hotel rooms to be developed above as well as the planning consents now in place. The on the upper floors. Full information and plans are following documents are available, available on Glasgow City Council’s Planning Portal with particular reference to application numbers - Package of the planning permissions 18/01725/FUL and 18/01726/LBA. - Schedule of the title documents - All building warrant drawings A prior planning consent was for 14 bedrooms and designed in a serviced apartments style format albeit - Architects drawings/floor plans subsequently the client worked on the current 18 bed - Full pack of engineers drawings hotel room scenario. It is likely the planning authority will entertain either variation/discussion. The premises benefit from a provisional alcohol licence which also allows access for children. The licence details alcohol can be sold upto 1.00am where at least 75% of the floor area of the premises is given over to the provision of restaurant facilities. Given the aforementioned consents we do believe the subjects are perfect for a boutique hotel venue. However alternative options would include serviced apartments and residential conversion. ACCOMODATION The building is arranged over five floors all measured on a Gross Internal Area basis as follows:- Basement Floor: 135 sq.m approximately Ground Floor: 168 sq.m approximately 1st, 2nd and 3rd Floor: 160 sq.m approximately Total Gross Internal Area Circa: 783 sq.m Further to the existing floor areas there is also consent in place for an extension to the building which is clearly shown on the plans and provides additional approximate 30 sq.m at each floor level. s Ro t d Cit t P Br e rinces Street y Road b u f i t R a c A879 oad o d tre g n R S h o a West E d t t St oyst ree ars d R e M8 a t Grant Street G r gb o S rin urn R eet Phoenix Dobbie's Loan M8 p s d R e's Loan P s Ro t Cit o Dobbi S t P ad i Br e A804b n Arlington ley Stre rinces Street y Road u f k i t c ad R a h 17 A879 s g o o d tre ew Renton Stre n R Tharsi a L S 18 N City Road t h o y West E As Grant Street o d t St oyst ree n t ars Craighall n d G R t edoc e M8 Carnar a a G R Garngad Grant Street o r 16 o ingbu R dshill Street eet S bbie r rn s v Phoenix oan Do 's Loan M8 ad p on Stre Ro Dobbie's L eet P S h ad i A804 n Pl Arlington ley Stre Chinatown M Street k h e 17 rum e d s a t Renton Stre Tharsi Street L 18 New City Road aitland St Tyn t t y ce As Grant Street Canal Str o rc n M8 Craighall Townheadn Interchange G u edoc Carnar 's Road s Place ch Cres Ashley Lane e A82 R a Garngad Holly o ce o dshill Street ed n CowcaddensPort Dunda 16 a 15 n t v et d ll y Baliol Street on Stre e Millburn h Dobbi nhi L Woo Caledonian o Scott Street Pl Chinatown r M Street treet e West eet rum mer Street Baliol Lane e d a edoch S d t G Court y Royst Street Lyn raha aitland St Tyn h t ce t Baird Street R lan St. Georg m e Saint Roch's Street Canal Str Street rc M8 e 's Loan Townhead Interchange u 's Road t s Place Cr d A82 e et Street Holly ch es Ashley Lane s R e r e y Secondary c N o e s r d Port Dunda 15 n Cowcaddens un e Buccleuch Lane Road Milton Str t o orth W M8 ll n l St School o ad Dunblane Street Millburn ce y Baliol Street A804 l Dobbi nhi Lan L Woo t Buccleuch Stre CaledonianCalga o Forrestfield Street Scott Street e r Larbert Street eet Street e r em Kilberry eet West k treet et mer Street s edoch S d Baliol Lane G Court y Royst S Lyn et raha A804 e h lan t m Baird Street R St. Georg e a Saint Roch's Street le St Street rnethi Ro e y C S 's Loan llace Street o St. Jo t d a e Street Blac t Cowcaddens K uper Str J . et Str s R Hill Stree r D e y Secondary sephs Court G d N s r treet e r eet o r t Garnet Street B u d Milton Str un a Road uccleuch Lane ister Street c e o r S nd orth W M8 l St o L School cleuch Stre asvale Roa s ad l Dunblane Street ce A804 c stl Forrestfield Street L u Calga Inner City e an t Buccleuch Stre a Street A803 e e Larbert Street eet B r p em Kilberry k C et s ott St Rose t C e Trading h S et o A804 e c Woodside Place e et s t wc le St a rnethi Ro S a y C S V o Estate llace Street St. Jo Elder t a d Blac ount Stree Aitken Roa i t d Cowcaddens K uper Str m tre e t J . ew Rose ardens Hill Stree Str S D ns sephs Court G e Road d e treet e Hil o rr t Garnet Street eet u d e a l e Garnethill Str ister Street c r S r e e nd PRICING t et t L cleuch Stre svale Roa s Renfr g a S stl c s nedy en e e K e Woodside Place Lane u w Street Inner City lie Str Street A803 a rid y B e Stre e p i C James Nisb ce Meuse b ed r ott St Rose t Co n e Trading e S t h Glasgowc t e et t Woodside Place 17 treet wc s m S en V Blochairn S a Offers are invited for the purchase of our clients Estate Elder d e Newton Place K ount Stree Aitken Roa i School t tre de ew Rosem ardens Ca n West N t et S Glebe Court lhous s e Road e a Hil e e 14 all Street Garnethill l Str e C u r t Place hieh of Art eet ow t A8 t Sauc D Renfr g n Street ca Rose heritable interest in the property at offers over TownheadS t s d edy e n e d Ken e Townhead e Interchange Woodside Place Lane w Street e ens lie Str Roa v Street e rid d y e e Stre Renfrew Street p M8 Newton Terrace i A i le tr Alexandra Para ce Meuse burned b ed James Nisb r 15 G d St e £1.33M. Parties should register their interest in n S et S t Townmill Roa Glasgow C 17 treet Ho o ranvill m S wcaddens Road go en . Blochairn down S t e re K M Newton Place School n Ca West N et Glebe Court lhous u e u Newton Terrace Lane a writing to DM Hall to be kept advised of any e 14 ll Street C n astle a t u t Place hieh of Art ow Stan M A8 ane Sauc D n go P C e Street ca Rose d ces 1-22 Townhead St Mungo's t Renfre d e e Townhead Interchange Street e ens St w Roa v e S Rose Street d auchieha Renfrew Street p Street M8 Newton Terrace closing date which mayi be set for the receipt of A Primary le tr Alexandra P Milnba burned lace ara 15 G d Milnbank ll L St S e Townmill Roa ley Street a C e ne Ho o Berk ranvill S wcaddens Road School; down go .