Commercial · For sale

131–137 Buchanan Street, Glasgow – Prime Flagship Substantial Mixed-Use Investment

131–137 Buchanan Street, Glasgow, Glasgow City, G1 2JA

£13,045,000

Floor area

3507 sq m

Tenure

Freehold

Added

18 Oct 2026

About this property

The property comprises a mixed-use historical block within Glasgow’s prime city centre. Category B listed and originally constructed in the early 1900s, it is a notable example of Glasgow’s early 20th-century architecture. Retail occupies ground and basement floors with self-contained office suites on first to fifth floors. 47 St Vincent Street comprises leisure use over basement, ground and first floor with a courtyard over the first-floor atrium. Extensive external refurbishment works costing in excess of £1m have recently been completed. The landlord owns the entirety of this flagship building, supporting add-value initiatives including agreeing Rituals’ October 2026 rent review, reducing office landlord shortfalls, improving upper-floor accommodation, and considering alternative uses (living, hotel, student) subject to consents.

Key points: - 100% prime Buchanan Street flagship — retail, leisure and offices in Scotland’s largest city. - Combined rent £1,077,053; landlord shortfalls £241,728; NOI £835,325. - ~90% of income from retail/leisure; ~77% of retail/leisure income to Very Low Risk covenants. - Rituals October 2026 rent review — exceptional immediate reversionary upside. - Recent external refurbishment in excess of £1m; Category B listed early-1900s block. - Heritable interest (Scottish equivalent of freehold); asking £13,045,000 (excl. VAT). - Prime flagship substantial retail, leisure and office investment in Glasgow city. - The property has been elected for VAT; the sale is intended to be treated as a. - Transfer of a Going Concern (TOGC). - requirements when Heads of Terms are agreed.

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

• NOI: £835.3k pa
• Total NIA: 37.7k sq ft
• Tenure: Heritable