Hope Street, Glasgow G2 Property for sale

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Hope Street, Glasgow G2 Property for sale

Hope Street, Glasgow G2
£125,000

Price History

Initial price £300,000
25/05/24 £263,000
21/06/24 £220,000
04/06/25 £125,000
Price Change -58.33%

Description

This rare commercial unit in Glasgow City Centre is a prime investment opportunity, offering a guide price of £220,000 and a rental potential of £35,000 per annum, providing a 14% yield. The property, currently vacant, is a large underground bar and club with lots of potential for redevelopment. Located on Hope Street, it benefits from high passing trade and is close to local amenities, including Glasgow Central Station, hotels, restaurants, shops, and businesses. With a rateable value of £16,000, this property is an excellent choice for investors looking for an immediate cash-producing investment with rental growth potential. The property is available for immediate purchase and is due to be auctioned in an upcoming timed online auction.