Largest development site in city centre launched to market
City Property Glasgow (Investments) LLP has appointed CBRE to market the 1.28 acre cleared site at 20 India Street, the largest available development site in the city centre.
Extending to 1.28 acres (0.52 hectares), the cleared site was previously home to Nye Bevan House, an office used by Glasgow City Council which was demolished in 2015 to make way for new development. It is now available for sale or long term let.
On the doorstep of Glasgow’s cultural quarter, the site offers unrivalled access to world class leisure and food and beverage amenities. Initial feasibility studies have been undertaken by architects Hawkins Brown, highlighting a range of transformational redevelopment opportunities. Located yards from Charing Cross railway station, 20 India Street is in close proximity to major occupiers nearby including British Steel, Cisco, KPMG, Scottish Power, Whyte & McKay, Wood Group and Zurich Insurance
Offers are invited for a long leasehold or heritable title in the site and all enquiries should be made directly to Andy Cunningham or Martin Speirs at CBRE, Glasgow. Full marketing details can be viewed at cbre.co.uk/offices/glasgow/20-india-street
20 India Street offers a rare chance to secure the largest development site in one of Glasgow’s best-connected locations. It is a major opportunity for a developer to create a new sense of place to an area with so much potential. We anticipate a huge level of demand, likely from residential, student accommodation and office developers, now the site is available.
Andy Cunningham, Head of Advisory & Transaction Services, CBRE Scotland.
We are delighted to be working with CBRE on bringing 20 India Street to the market. This area of the city has seen major investment over the last few years, and it is anticipated that this site will attract substantial interest from developers. We look forward to playing a part in a further significant development in this area.
Allan McDonald, Asset Maximisation Manager, City Property