Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Tuesday, March 17, 2024

Continuing success for Graham + Sibbald in Glasgow

Following on from the recent hat-trick of deals completed by Graham + Sibbald's Commercial Team Glasgow, they have now concluded a further development sale and office letting.

Acting on behalf of Bank of Scotland, Graham + Sibbald have disposed of a small development opportunity on the south side. Ideally suited for development as a studio flat or office, the 474 sq ft property is located in the tenement building above the HBoS branch at Govan Cross. The subjects were offered with vacant possession and purchased by a private party for 20,000.

Further proof that the Park Area still holds attraction for office occupiers was confirmed by the letting of lower ground office space at 29 Park Circus. Traffic Design Consultants Ltd entered into a new lease five year FRI lease of the 1,075 sq ft suite at a rental of 9,700 per annum. Graham + Sibbald represented the landlord with Traffic representing themselves.

Commenting on the transactions, Neil Heatherwick, Trainee Surveyor with the Glasgow Agency Team said: "Whilst the market continues to be difficult, we are delighted and encouraged that interest in both properties was identified relatively quickly resulting in satisfactory outcomes in both instances."