3rd floor, Former Dance Studio, 118 Sauchiehall Street, Glasgow, Lanarkshire, G2 3DH

Description

Rare opportunity to acquire a substantial third floor commercial premises occupying a spacious double unit within a prominent building on Glasgow's iconic Sauchiehall Street. Formerly operated as a dance studio, the property offers expansive open-plan accommodation with excellent natural light and flexible internal space, suitable for a range of commercial, leisure, fitness, creative or professional uses. The property offers refurbishment and reconfiguration potential, with possible alternative uses including residential conversion subject to necessary planning consents.

Accommodation

Expansive open-plan accommodation within a spacious third-floor double unit, formerly operated as a dance studio.

Location

Located in the heart of Glasgow City Centre on Sauchiehall Street, close to retail, hospitality and leisure amenities. Glasgow Central and Queen Street railway stations, Buchanan Bus Station and the city's public transport network are within a short walk. The M8 motorway network provides access across central Scotland and to Glasgow International Airport.

Investment Analysis

The £150,000 guide is the only supplied price evidence. No completed sales, rental comparables, auctioneer rent estimate, GDV evidence or quantified works budget are provided, so market value and investment returns cannot be reliably established. Any residential conversion remains subject to planning consent.

Investment Snapshot

Strategy Recommendation

Proceed only as a subject-to-due-diligence commercial acquisition. Do not rely on residential conversion or investment returns until planning, legal terms, building condition, works costs and market evidence are confirmed.

Works Required

Investigate and cost refurbishment and internal reconfiguration of the former dance-studio accommodation. Confirm the suitability of the existing services, access, fire safety, building compliance and any proposed commercial or residential layout. Obtain planning and building-warrant advice before relying on alternative use potential.

Rental & Market Context

Potential BRRR Position

A BRRR assessment is unsupported because there is no evidenced post-works GDV, rent, works budget, finance cost or confirmed residential use. Planning, building compliance, refurbishment scope and the legal pack would need to be verified before assessing refinance viability.

Buy-to-Let Analysis

BTL analysis cannot be established. No sufficiently specific rental evidence, passing rent, tenure, occupancy or quantified refurbishment cost is supplied. The premises are described as commercial, and residential conversion is only a possible use subject to consent.

Flip Analysis

A flip surplus cannot be calculated. There are no completed comparables, GDV evidence, works allowance, buyer premium amount or supported selling-cost allowance. The guide price alone is insufficient to establish a resale margin.

Investor Risks & Due Diligence

• Residential conversion is not confirmed and would require the necessary planning consents.

• No rental evidence or passing rent is supplied, preventing yield assessment.

• Refurbishment and reconfiguration costs are unquantified.

• Buyer’s Premium and any additional property-specific fees are not quantified and must be checked in the legal pack.

• Tenure, occupancy, lease position and other key legal details are not supplied.

• Building compliance, services, fire safety and access requirements are not evidenced.

Recommendation

Proceed only as a subject-to-due-diligence commercial acquisition. Do not rely on residential conversion or investment returns until planning, legal terms, building condition, works costs and market evidence are confirmed.

Strategy Rating

Analysis Confidence

Only the guide price and descriptive property/location information are supplied. Key evidence is absent, including tenure, occupancy, legal-pack costs, condition detail, rental evidence, comparables, planning position and refurbishment costs.