Graham + Sibbald markets the long leasehold interest in Grade A former Old High School Glasgow site on behalf of City Property (Investments) LLP
Following its recent reappointment by City Property (Investments) LLP, Graham + Sibbald is now marketing the Grade A listed former Old High School buildings on Elmbank Street in Glasgow. The buildings were designed by Charles Wilson and opened in 1846 to house a new private school, Glasgow Academy and in 1878, the Glasgow School Board bought the building and made it the new home of the High School, the city’s oldest school founded in 1460.
With a number of buildings comprising around 87,000 sq ft, the site is situated in a city centre area designated as a Strategic Economic Investment Location (SEIL) where continued class 4 office use is compatible. However, the buildings offer a unique opportunity to redevelop with a new use that compliments the surrounding office use and extends activity out-with office house, and that includes development of a high-end luxury hotel. The site benefits from excellent communication links being in close proximity to both the M8 and rail links.
Innes Flockhart, Chartered Surveyor at Graham + Sibbald, said: “G+S are delighted to bring this very prestigious site to the market. The surrounding area continues to see significant investment and we anticipate a number of exciting development proposals coming forward at the closing date.”
Allan McDonald, Disposal Services Manager at City Property, said: “This property provides an exciting opportunity to create something unique in Glasgow given the character of the buildings and the recent resurgence of commercial development to the area.”
Graham + Sibbald has over 200 employees and 20 partners working across its 16 UK offices in Scotland and England.
Scottish Construction Now: https://www.scottishconstructionnow.com/article/