Upper floors of prime Glasgow city centre office set to go under the hammer

Finlay House is prominently positioned on the east side of West Nile Street, at the junction with Drury Lane and St. Vincent Street. The 22,288 sq ft property lies within Glasgow’s prime leisure district, a vibrant area popular with both residents and visitors.

It benefits from proximity to a strong line-up of national and international food and beverage operators, reinforcing its appeal as a key hospitality destination within the city centre.

Finlay House is a prominent Glasgow office constructed in the early 1980s arranged over basement, ground and four upper floors.

The building provides modern open plan office accommodation on the upper floors, and leisure use at ground floor level. The general specification of the building include a combination of raised access floors and under floor trunking, suspended ceilings incorporating LED lights, full height double glazed windows to the front and rear, two passenger lifts, disabled access, male, female and accessible WCs on each floor and a shower facility in the basement.

A planning application has been submitted to Glasgow City Council seeking approval for the conversion of the upper floors to form 48 self-contained, single suite student accommodation units.

Each suite is designed to include a private modern kitchen, an en-suite shower room, a dedicated study space, and a sleeping area, providing students with modern, independent living facilities. The application is currently listed as pending consideration by the Council’s planning departments.

Adam Honeyman, partner at Shepherd, said: “Finlay House benefits from a current passing rent of £273,978 per annum and a weighted average unexpired lease term of 1.92 years. It is going under the hammer with a guide price of £1,750,000, reflecting a net initial yield of 14.75%. We anticipate keen interest in this auction lot.”

The online auction will be held on 4th December at 2:30pm and interested parties should register at https://www.shepherd.co.uk/auctions-remote-bidding/.

ENDS

For further information please contact Adam Honeyman tel 0141 331 2807.