html5 templates

Joint Venture/For Sale

The Egyptian Halls  84-100 Union Street, Glasgow G1 3QW

Background

This ownership structure allows for 100% flexibility and which allows the mutual shareholders of both companies to look for a Joint Venture Partner or an outright Sale for either the Ground Floors owned by USP or the Upper Floors owned by USI or a combined option of both USP and USI’s properties.

Current

Planning and Listed Building Consent was granted January 2012 but has lapsed due to funding issues. However a fresh, collaborative initiative is being developed with the aspiration to reconcile the now 22 year funding gap. Of the SEVEN scheme options; 2,3 and 5 have been earmarked for detailed assessment.

Ground Floor

4 single Bar/ Restaurants or two double units or a single “super” unit.

Upper Floors

114 bed four star hotel over 4 existing floors with a 2 floor New Build Extension, which could increase to 3 or 4 floors subject to Planning and Listed Building Consent.

Floor Areas

Below are listed the indicative and relevant floor areas, subject to confirmation.

Levelsq.m*sq.ft*
Basement7718,299
Ground Floor6827,341
Mezzanine Area3123,358
1st Floor7528,094
2nd Floor7528,094
3rd Floor7528,094
Attic7528,094
Proposed Level 56506,997
Proposed Level 66506,997
Total6,07365,348

* Excluding existing stair, proposed fire-fighting lift, proposed escape stairs, existing/proposed light wells.

Space Configurations

The Ground Floor; Units, 84, 88, 96, 100 Union Street = 1453M/15,640 sq ft
 The Upper Floors, 92 Union Street = 4620M/49,708 sq ft
 The Whole Building 84-100 Union Street = 6073M/65,348 sq ft

To Register an Interest

Email: Ewan Mackay - ewan@ewanmackay.com

Steven Barnett – s.barnett@shepherd.co.uk

or Derek Souter - derek@djscm.com


Call: Ewan Mackay 0141 226 1662 | Mobile: 07917 834 912

Steven Barnett 0141 331 2807 | Mobile: 07720 466 018 

or Derek Souter 01382 451702 | Mobile: 07850 081188