Find out what your property is worth in 60 seconds

Type

commercial development

Department

Commercial

Occupancy

Excellent Commercial Opportunity

  • • PRIME NEW LISTING. We are excited to present this commercial unit with 4600 sqft of floor space, occupying the entire bottom floor, located within a prime location in Glasgow.
  • •: **Business Centre SMK Business Centre, 95 Morrison Street, Glasgow, G5 8BE could potentially create a gross monthly income of £18,000 and a £177,000 per annum net income.**
  • • This property offers a lucrative opportunity as a premium serviced centre, featuring 14 private offices, 8 hot desks, and a personal reception. This configuration has the potential to generate substantial monthly and annual income.
  • • Additionally, the property presents itself as a promising long-term commercial investment, ideally suited for diverse industries such as technology, finance, and healthcare. The previous occupier secured a rental of £9,000 per calendar month, equivalent to £108,000 annually.
  • • Furthermore, the property holds potential for conversion into an 8-bedroom hostel, pending research and gaining necessary consents. An earlier application for this conversion has been made, suggesting potential revenue exceeding £200,000 per annum based on occupancy and pricing strategies.

More Details

You can find out more about all things auctions at our guides and information hub