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11 Minerva Way, Glasgow, Glasgow, G3 8AU

Availability

Sold

Rent

Rent on application

Description

Prime residential development opportunity, with the benefit of an existing lease and rent from Nuffield Health until November 2024

Key Points

  • Glasgow has a population of 620,000 and a catchment in excess of 2.8m within a 40 minute drive time
  • City wide, Glasgow is experiencing a high level of regeneration and inward investment with over £16 billion committed since 2011
  • A rare opportunity to acquire a very prominent and significant development site in the popular Finnieston area, equidistant between the city centre and the West End
  • In 2019, The Times newspaper voted the Finnieston area one of the Top Ten best places to live in Scotland
  • A resolution to grant Full Planning Permission was recently secured from Glasgow City Council for a change of use to residential for 195 new build apartments, subject to conditions and completion of a Section 75 Agreement
  • The site, extending to 3.24 acres (1.31 hectares), overlooks the award winning Scottish Event Campus (SECC, SSE Hydro & Armadillo venues) with stunning views beyond to the south side of Glasgow
  • The existing building and land is currently let to Nuffield Health operating as a health and fitness club with a passing rent of £860,225 per annum until lease expiry on 21 November 2024
  • Our client is seeking offers for the “standing investment”
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Get in Touch

See Bio
Gregor Martin Partner

Gregor joined the business 11 years ago from Kenmore Property Group. He is a partner in the Investment team, where he advises on commercial property investment transactions throughout the UK, with particular emphasis on retail, office and industrial assets in Scotland. He acts on behalf of a variety of clients including private investors, property companies, banks and institutional funds.
You'll find Gregor out walking a lot, either with a dog or a set of golf clubs, if not both.
See Bio
Duart Keith Partner

Duart joined EYCO in 1995 having spent the previous 4 years based in Glasgow with James Barr & Son and Grimley JR Eve. He is a partner and heads up the Investment team. He advises on retail warehousing throughout the UK, as well as more local retail, business and office investment transactions.
Duart is a keen runner (often out with his dog), skier and rugby enthusiast.
Meet the team