DM Hall, one of Scotland’s largest independent firms of chartered surveyors, is marketing a rare opportunity to acquire a Grade A listed building in Virginia Street with planning permission to develop an 18 room boutique hotel at the heart of Glasgow’s fashionable Merchant City.

The freehold interest of the circa 8,500 square foot property, which dates back as far as 1760 and is emblematic of an era when Glasgow businessmen conducted lucrative commercial transactions with the American colonies, is for sale at offers over £1.33m.


The accommodation, arranged over five floors including basement, ground and three upper floors benefits from an attractive courtyard to the rear. Within its current ownership, the building has been consistently maintained and upgraded since the early 1990s.




Full planning permission has been granted for bar and restaurant uses for the ground and basement as well for 18 boutique style hotel rooms to be developed on the upper floors. Full information and plans are available on Glasgow City Council’s Planning Portal.


The premises have been approved for a provisional alcohol licence which also allows access for children. The licence details alcohol can be sold up to 1.00am where at least 75 per cent of the floor area of the premises is given over to the provision of restaurant facilities.




Jonathan McManus of DM Hall’s Glasgow-based commercial agency department said: “This is a very attractive opportunity for developers / hoteliers who recognise the long-term ongoing development of the Merchant City as a highly appealing city centre hub.




“There is always room in the heart of Glasgow city centre for an attractive, upscale boutique hotel that promises not only to bring in local people but that will appeal also to the anticipated burgeoning, post-Covid-19 tourist and conference clientele. This could also be of interest for residential development and for serviced apartments.


“Notes of interest are invited for our clients heritable interest in the property at offers over £1.33M. Parties should register their interest in writing to DM Hall to be kept advised of any closing date which may be set for the receipt of offers.


“For further information contact Jonathan McManus on +44 141 332 8615


19 July 2022

Karma Lake Of Menteith Unveils New Additions to their Whisky Vault

Malts of note currently “in stock” at The Malt Vault are a Glenfarclas 30 year old, a Bunnahabhan 30 year old, a Bruichl…

Read More
08 August 2022

Intercontinental Edinburgh The George Appoints New General Manager

Michael brings more than 30 years of experience in the hospitality industry including two decades in leadership roles wi…

Read More
11 August 2022

Dakota Glasgow to launch new eco-friendly summer spritz cocktail

Following COP26 where Dakota Eurocentral was the sole hub for all e buses and the recent installation of a 400 solar pan…

Read More
05 August 2022

Loch Leven Hotel in Ballachulish is for sale

The current owners, Craig and Noru Innes, who have operated the business for over eight years, are now looking to sell t…

Read More

If you need marketing support for your hotel or tourism business please visit our partners