The Egyptian Halls 84-100 Union Street, Glasgow G1 3QW
Comprehensive Scheme Options to be issued early-mid October to GCC and HES
Update to come.
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.
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. Various scheme options have now undergone detailed structural, planning, valuation and financial assessment.
4 single Bar/ Restaurants or two double units or a single “super” unit. Perhaps even the location for the mooted Museum of Slavery.
150-225 bedroomed 3/4 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.
Below are listed the indicative and relevant floor areas, subject to confirmation.
|Proposed Level 5||650||6,997|
|Proposed Level 6||650||6,997|
* Excluding existing stair, proposed fire-fighting lift, proposed escape stairs, existing/proposed light wells.
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