24 George Square, The Counting House, Glasgow City Centre, G2 1EG

What it costs to own

The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.

What it's likely to sell for

From what comparable lots actually sold for against their guide, in Cornerlot's results.

Energy rating

Future Property Auctions hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.

How it compares

History

• First listed on Cornerlot 11 Oct 2026.
• Guide cut from £2,774,000 to £2,664,000 (4% lower), 17 Oct 2026.

Future Property Auctions' record

About the lot

Freehold mixed use lot in Glasgow City Centre. Producing £55,000 a year, a 2.0% gross yield at the guide.

Commercial Investment. Part Let 27,381 Sq Ft comprising office space at upper floors and 121 cover restaurant at ground floor. 100% Prime location overlooking George Square. Potential residential / hotel / mixed-use STP. CURRENT TENANTS - Ground floor restaurant let trading as Elia Greek Restaurant expiring 2034 no breaks. Next upward rent review 2029. External advertising agreement at the corner for £13k per 28 days. Primary access is via street level at George Square. The property benefits from dual elevators centrally located with egress and loading from Anchor Lane. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** PART INCOME PRODUCING. George Square is a central public space surrounded by shops, restaurants, hotels and important civic buildings. It has excellent transport links with Queen Street Station, buses and the Subway nearby. ***MIXED USE COMMERCIAL BUILDING***Prime George Square location with superb transport connectivity with outstanding redevelopment potential (residential / hotel / mixed-use STP). PART INCOME PRODUCING*** (Elia restaurant – £55k pa until 2034 + Advertising £13,000per 28 days pro-rata). More info on request. The property offers a mixture of commercial office space at upper floors. Primary access is via street level at George Square. The property benefits from dual elevators centrally located with egress and loading from Anchor Lane. PRIME INVESTMENT PROPERTY in excellent trading position **PERFECT ADDITION TO ANY PORTFOLIO** SUPER TRADING POSITION *** PART INCOME PRODUCING. George Square is a central public space surrounded by shops, restaurants, hotels and important civic buildings. It has excellent transport links with Queen Street Station, buses and the Subway nearby. Tenancy: Type of Agreement: Full Repairing & Insuring (FRI). Length: 2034. Rent: £55,000 per year / £4,583 per month. Yield: 2% (approx). Tenant: Private Individual. Notes: Ground floor restaurant let trading as Elia Greek Restaurant expiring 2034 no breaks. Next upward rent review 2029. External advertising agreement at the corner for £13k per 28 days pro rata. More info on request. George Square is located in the heart of Glasgow city centre, beside Glasgow City Chambers and directly next to Glasgow Queen Street railway station. It is one of Glasgow’s main civic and public spaces and is surrounded by historic buildings, monuments and important city-centre streets. The square is also close to major shopping and commercial areas such as Buchanan Street and Argyle Street, making it a convenient location for visitors, workers and residents. The area around George Square offers a wide range of amenities, including shops, cafés, restaurants, bars, offices, hotels and cultural attractions. Glasgow City Chambers is located on the eastern side of the square, while the surrounding city centre provides easy access to shopping, dining and entertainment. The square itself is an…