25 Jan 2018
Property consultancy CBRE has been instructed by multinational retail chain Dunnes Stores to sell the premises of its former store on Glasgow’s Sauchiehall Street.
An iconic, Art Deco building, 218 - 224 Sauchiehall Street occupies a prominent corner location on one of Glasgow’s busiest shopping thoroughfares, extending to 46,500 sq ft arranged over basement, ground and four upper floors. The building currently benefits from Class 1 (Retail) consent but offers substantial scope for redevelopment including hotel and office use, student accommodation and private residential.
Comprising open plan retail space on the basement, ground, first and second floors, the property benefits from elevator access between levels with separate customer and service lifts. The third and fourth floors were previously used as staff and storage areas and are arranged on an open plan basis. Floor to ceiling windows provide excellent natural light to the four upper floors.
Positioned at the junction of Sauchiehall Street and Cambridge Street, the site benefits from high levels of footfall, with automatic slide doors on Sauchiehall Street offering additional access to the main corner entrance. Neighbouring occupiers include Primark, Boots, TK Maxx, Marks & Spencer and Sports Direct.
Euan McGonigle, director in CBRE’s Retail team, said: “With ample flexible space and its striking Art Deco frontage, the former Dunnes Store offers enormous scope for redevelopment which we’re confident will appeal to a wide range of buyers. It’s rare that units of this nature become available, particularly in such a prominent location, and we’re expecting a high level of interest from investors and developers.”