Historic Merchant City building marketed as development opportunity
November 6 2020
A Grade A listed building on Glasgow's Virginia Street, in the heart of the Merchant City, is being marketed as a boutique hotel opportunity.
Planning permission is already in place to transform the 8,500 square foot property, which dates from 1760, as an 18-room establishment with bar and restaurant use spanning the ground floor and basement.
Modelled on the adjacent Virginia Court development the Core Associates plan utilises an underused rear courtyard through the introduction of a new stair and lift core.
Jonathan McManus of DM Hall said: “This is a very attractive opportunity for developers/hoteliers who recognise the long-term ongoing development of the Merchant City as a highly appealing city centre hub.
“There is always room in the heart of Glasgow city centre for an attractive, upscale boutique hotel that promises not only to bring in local people but that will appeal also to the anticipated burgeoning, post-Covid-19 tourist and conference clientele. This could also be of interest for residential development and serviced apartments."
Offers over £1.33m are being sought for the premises.
The Jacobean Building dates from a period of immense wealth accrued from trade with the American colonies
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