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Merchant square Candleriggs 61,233 SF 100% Leased Retail Building Glasgow G1 1NY $6,710,959 ($109.60/SF) 11.38% Cap Rate
Investment Highlights
- Substantial indoor leisure venue in Glasgow’s Merchant City
- RPI linked rent review mechanisms, with projected 6% rental growth in 5 years
- Excellent public accessibility (8 minute walk from George Square)
- 12 licensed units, plus one vacant unit
- Strategically located within one of Scotland’s most vibrant leisure districts
- Total gross rental income: £706,347
Executive Summary
Merchant Square represents a rare opportunity to acquire a dominant and unique indoor leisure destination in the heart of Glasgow’s Merchant City. The property is virtually fully let, anchored by a strong AAA covenant, and benefits from a diverse mix of bars, restaurants, and entertainment operators. Current income stands at over £600,000 per annum with opportunities to enhance returns through RPI linked reviews, leasing the currently underutilised 707 sq m courtyard space, and capturing reversionary uplifts over the next five years. The venue’s prime city centre position, coupled with major ongoing and planned regeneration initiatives around Merchant City, underpins both immediate and long term investment appeal.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Building Size
61,233 SF
Building Class
B
Year Built/Renovated
1886/1999
Price
$6,710,959
Price Per SF
$109.60
Cap Rate
11.38%
NOI
$763,707
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.22
Lot Size
1.15 AC
Frontage
Amenities
- Security System
- Storage Space
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The premises are currently fitted as a bar/restaurant and are in a good condition throughout. There is ample service accommodation, including customer toilets and a commercial kitchen.
| Space | Size | Space Use | Position | Available |
| Ground | 9,770 SF | Retail | In-Line | 30 Days |
Ground
| Size |
| 9,770 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 30 Days |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Ground
| Size | 9,770 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 30 Days |
The premises are currently fitted as a bar/restaurant and are in a good condition throughout. There is ample service accommodation, including customer toilets and a commercial kitchen.
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Nearby Major Retailers
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Merchant square | Candleriggs
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