Bywater has put the 44,240 sq ft McLellan Works mixed-use site in the heart of Glasgow city centre up for sale for £11.47m+.
Located at 274 Sauchiehall Street, McLellan Works has recently undergone a comprehensive refurbishment and renovation.
The property provides retail and leisure space across the basement and ground floor and office accommodation across the upper three floors.
It is multi-let to a diverse range of occupiers including CALA Homes (West), Spencer Ogden, Telus Health, Black Sheep Coffee and British Heart Foundation.
Patrick O’Gorman, CEO of Bywater, said: “McLellan Works represents everything we stand for at Bywater; creative reuse, community impact and future-facing design. Sauchiehall Street is undergoing a remarkable transformation, and we’re proud to have played a role in bringing this iconic building back to life. With its strong tenant mix, low-carbon design and vibrant location, McLellan Works is a standout investment opportunity in one of the UK’s most exciting cities.”
Andrew Shiells, senior director at CBRE capital markets Scotland, which has been appointed to market the opportunity, added: “McLellan Works represents a rare opportunity to acquire a modernised, design-led building in one of Glasgow’s most dynamic locations. With its strong tenant line-up, excellent sustainability credentials and secure income profile, it offers investors attractive initial returns with potential for future growth in a city that continues to demonstrate robust occupier demand.”
