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476-498 Sauchiehall St 23,929 SF Retail Condo Unit in Glasgow G2 3LW
Investment Highlights
- Iconic Glasgow nightclub established since 1994
- Licensed capacity of 1,806 persons
- Strong footfall from nearby universities, hotels, and entertainment venues
- Prime city centre location on Sauchiehall Street
- Multiple rooms across 4 levels with 6 distinct areas
- Reasonable passing rent of £146,000 per annum
Executive Summary
The property comprises a substantial multi-level nightclub and live entertainment venue extending to approximately 2,223 sq. m., arranged over basement, ground, mezzanine, and upper levels. The building features multiple themed club rooms, each equipped with dedicated bar facilities, sound systems, and lighting, alongside ancillary accommodation including offices, storage, staff areas, and customer amenities. Externally, the premises benefit from a private car park and dual service/loading access. Prominently positioned on Sauchiehall Street, the property is ideally configured for high-capacity nightlife and live event use.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold/Long Leasehold |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
Description
This is a rare opportunity to acquire the leasehold interest and fully operational business of “The Garage,” one of Glasgow’s most well-established nightclub and live entertainment venues. Operating since 1994, the business has built a strong reputation within the city’s nightlife and live music scene, benefiting from high footfall and a prime location on Sauchiehall Street.
Sale Notes
The venue operates on a dual-income model, combining late-night club operations with live events and performances, attracting students, tourists, and locals alike. The property provides significant asset management potential, with scope to enhance revenue through refreshed management, modernisation of the offer, and increased focus on live events. The current owners are divesting to focus on other business interests, presenting a strategic repositioning opportunity for an incoming operator. The lease is due to expire on 31st October 2038. A lease extension can
be agreed with the landlord, if required, as part of the transaction. The
next rent review is due on 1st June 2028. The lease is on standard
commercial terms. A copy of the lease document will be provided to
seriously interested parties.
be agreed with the landlord, if required, as part of the transaction. The
next rent review is due on 1st June 2028. The lease is on standard
commercial terms. A copy of the lease document will be provided to
seriously interested parties.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 490 | 23,929 SF | Retail | Upon Request | - |
Unit 490
| Unit Size |
| 23,929 SF |
| Condo Use |
| Retail |
| Price |
| Upon Request |
| NOI |
| - |
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Unit 490
| Unit Size | 23,929 SF |
| Condo Use | Retail |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Tenure | Freehold/Long Leasehold |
| Description | |
| This is a rare opportunity to acquire the leasehold interest and fully operational business of “The Garage,” one of Glasgow’s most well-established nightclub and live entertainment venues. Operating since 1994, the business has built a strong reputation within the city’s nightlife and live music scene, benefiting from high footfall and a prime location on Sauchiehall Street.</li></ul> | |
| Sale Notes | |
| The venue operates on a dual-income model, combining late-night club operations with live events and performances, attracting students, tourists, and locals alike. The property provides significant asset management potential, with scope to enhance revenue through refreshed management, modernisation of the offer, and increased focus on live events. The current owners are divesting to focus on other business interests, presenting a strategic repositioning opportunity for an incoming operator. The lease is due to expire on 31st October 2038. A lease extension can<br> be agreed with the landlord, if required, as part of the transaction. The<br> next rent review is due on 1st June 2028. The lease is on standard<br> commercial terms. A copy of the lease document will be provided to<br> seriously interested parties.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 38,323 SF | Floors | 5 |
| Property Type | Retail (Condo) | Typical Floor Size | 11,567 SF |
| Property Subtype | Storefront | Year Built | 1932 |
| Building Class | B | Lot Size | 1.84 AC |
| Total Building Size | 38,323 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 5 |
| Typical Floor Size | 11,567 SF |
| Year Built | 1932 |
| Lot Size | 1.84 AC |
Amenities
- Bus Line
- Signage
- Storage Space
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Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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476-498 Sauchiehall St
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