A building located opposite the St Enoch Centre is going to auction at a guide price of £800,000.
There's loads of potential for the eight-storey red sandstone building which is located at the junction of Argyle Street and Miller Street. The buyer could transform it into an attractive retail outlet and there's planning consent to covert the upper floors into 21 one-bedroom flats.
Mhairi Archibald of Acuitus comments: “The site at 50 Argyle Street is a prominent mixed use development that can offer substantial income from both the retail and residential elements”.
READ MORE: One-bedroom flat near Merchant City bars and restaurants selling for just £50k
With big brands including Primark, Sainsbury's and Caffe Nero a stones throw away, it's an ideal location for a new business looking to get regular footfall.
The property is located on the pedestrianised element of the street between Buchanan Street and Stockwell Street. Transport including Argyle Street Station is also easily accessible.
The external scaffolding was erected in 2018 for stone inspection purposes and for the refurbishment work to the property. The scaffolding is now used as a largescale advertising hoarding with return frontage onto Argyle Street and Miller Street which has previously produced income for the vendor.
The Acuitus auction will take place at 2pm on February 16 and will be broadcast via livestream on the Acuitus website with bidding online, by telephone and by proxy.
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