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Completed Transactions

There is no doubt that the property market went into recession in the summer of 2007 and following the financial crisis of September/October 2008 property deals were very hard to come by, in reality we have been in a depression. The first sign of recovery for us came with the letting of the Town House, Buchannan Street, Glasgow to Chao Phraya Thai Restaurant on behalf of Cairnduff Developments. This is a grade B listed building arranged over 5 floors with 23,000 sq ft which was let at £300,000 per annum.

Later in the same year, Griffin Webster advised in the acquisition of 249 West George Street, Glasgow a 33,500 sq ft office building for a private Dublin based client. Options for the refurbishment and letting of the building are currently being considered.

In 2013, the market came alive again. We effected the disposal of 7 acres of contaminated land in Kirkintilloch at the sum of £300,000 which will assist in the rejuvenation of a town centre site.

This was shortly followed by the letting of the old Athenaeum, a 20,000 sq ft grade A listed building on Buchanan street to Hard Rock Cafe at a rental of £350,000 per annum.

Both Hard Rock Cafe and the adjacent Chao Phraya were later sold at an aggregate price of around £9 million on behalf of Cairnduff Developments.

2014 started very busily but as we neared the Referendum Date in September the market almost collapsed. We had a kitchen retailer put a decision on hold re a £25,000 pa shop because his clients were not taking decisions until the result was known. The investment market was almost non-existent.

In October for clients we bid on a residential development in the West End of Glasgow, 15 parties offered, this market is buoyant. It will be interesting so see how some of the larger sites available pan out over the next few months.

Main Street; Bellshill

Main Street; Bellshill
Shop to let
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The Plaza, East Kilbride

Unit 27 The Plaza, E.K.
Shop unit to let
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Aryglest

Argyle Street; Glasgow
Office Premises to let
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Duke Street

346 Duke Street; Glasgow
Shop for sale
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84 Lister Street

84 Lister Street; Glasgow
Office to let
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160 Queen Margaret Drive

160 Queen Margaret Dr
Shop to let
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11 & 12 Shawbridge Ind Estate

Shawbridge Ind Est; Glasgow
2 Lockup Units
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William Street

William Street; Johnstone
Retail unit for sale
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Newmains; North Lanarkshire

Newmains; N.Lanarkshire
Shop for sale
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Watt Street

Watt St; Osprey Retail Pk
Warehouse to let
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Watt Street

Cowgate; Kirkintilloch
Shop for sale
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