FOR SALE

ON BEHALF OF

PRIME CITY CENTREEXCEPTIONAL OPPORTUNITY

G L A S G O W

C I T Y O F G L A S G O W C O L L E G E6 0 N O R T H H A N O V E R S T R E E T

EXCEPTIONALOPPORTUNITY City of Glasgow College has relocated from various properties to a new purpose-built City Campus, close by in Cathedral Street.

The former premises at North Hanover Street present an exceptional opportunity for refurbishment and new build potential for a variety of alternative uses including hotel, various forms of residential, offices and commercial, subject to planning.

SAUCHIEHALL ST

WEST REGENT ST

WEST GEORGE LANE

WES

T NI

LE S

T

HOPE

ST

WEL

LING

TON

ST

BLYT

HSW

OOD

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DOUG

LAS

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RENF

IELD

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QUEE

N ST

GLAS

SFOR

D ST

CAND

LERI

GGS

ST VINCENT ST

BOTHWELL ST

WATERLOO ST

BATH ST

INGRAM ST

GEORGE ST

CATHEDRAL ST

N HA

NOVE

R ST

N FR

EDER

ICK

ST

ARGYLE ST

ARGYLE STBU

CHAN

AN S

T

GlasgowCentralStation

Queen StreetStation

BuchananStreet Subway

CharingCrossStation

St EnochSubway

St EnochShoppingCentre

BlythswoodSquare

GOMA

George Square GlasgowCity Chambers

University ofStrathclyde

City ofGlasgowCollegeCity Campus

Buchanan GalleriesShopping Centre

BuchananQuarter

BuchananBus Station

Glasgow CaledonianUniversity

M8

J19

TO M8 MOTORWAY

TO M

8 MOT

ORW

AY

H

H

P

P

P

P

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H

H

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Princes SquareShopping Centre

CITY OF OPPORTUNITY

The new purpose-built City of Glasgow College City Campus and University of Strathclyde Campus are located immediately to the east and Glasgow Caledonian University Campus is directly to the north on North Hanover Street.

The core city centre location provides immediate access to all forms of public transport and easy access to the motorway network. The adjacent Buchanan Galleries Shopping Centre

provides an extensive range of retail, restaurant and leisure facilities.

The ongoing redevelopment of Queen Street station will also create substantial additional commercial activity directly to the west of the property. The location will be further enhanced by the committed City Deal ‘Avenues’ integrated public realm improvements to North Hanover Street gateway route, from the M8 to George Square.

OUTSTANDING PANORAMIC VIEWS

The property is probably Glasgow’s most prominent landmark building, being highly visible from virtually anywhere around the city. Located in the heart of Glasgow city centre, immediately to the north of George Square and east of Queen Street rail station, the building has extensive frontages to both North Hanover Street and Cathedral Street.

The property comprises a basement, ground plus 14 storey high rise building on the southern part of the site with an interconnecting basement, lower ground, ground plus two storey podium building on the

northern section. The generally open plan floors within the tower have been sub-divided to create a range of former teaching areas, private/general rooms, offices and canteen facilities. The rooftop feature space was originally a gymnasium, subsequently utilised as a television studio.

The interconnecting podium has a dedicated main entrance and foyer at ground floor level and provides generally open plan floors sub-divided to create a range of offices/meeting rooms, former teaching areas, library and support facilities.

C I T Y O F G L A S G O W C O L L E G E6 0 N O R T H H A N O V E R S T R E E T

The key part of the development plan is the Glasgow City Development Plan (CDP). The CDP does not apply a site-specific policy to the property. The property is considered to be suitable for a variety of alternative uses including hotel, various forms of residential, offices and commercial, subject to planning.

A planning brief has been prepared for the property. This provides guidance on the range of uses which are likely to be acceptable in principle to the local planning authority, as well as additional information on matters such as developer contributions.

The property is listed Category ‘B’. A separate Conservation Report has been prepared to provide information on the history and significance of the building and to identify the general scope for alteration, intervention and extension where applicable. The brief and Conservation Report have been endorsed by Glasgow City Council and Historic Environment Scotland.

PLANNINGGLASGOWCITY CENTRE

01

13

12

13

Argyle Street

Buchanan Street

Sauchiehall Street

0711

05

06 03 04

08

01. The Property - North Hanover Street

02. Buchanan Galleries Shopping Centre

03. University of Strathclyde

04. City of Glasgow College City Campus

05. Technology Information Centre (TIC)

06. Glasgow City Chambers

07. George Square

08. Glasgow Caledonian University

09. The Royal Conservatoire of Scotland

10. Glasgow School of Art

11. St Enoch Shopping Centre

12. The SSE Hydro

13. M8 Motorway

St Enoch Subway

Buchanan Bus Station

Buchanan Street SubwayGlasgow Central Station

Argyle Street Station

High Street Station

Train Station Bus StationSubway Station

Queen Street Station02

10

09

Note: Site Plan - Indicative Only

CATHEDRAL ST

SPORTSCENTRE

CAR PARK

60NORTHHANOVERSTREET

NORT

H FR

EDER

ICK

ST

MARTHA ST

10 MINUTES’ WALK

5 MINUTES’ WALK

C I T Y O F G L A S G O W C O L L E G E6 0 N O R T H H A N O V E R S T R E E T

SAT NAV G1 2BP

CAFÉ, RESTAURANTAND PUB SCENE

POPULATION:

GLASGOW IS THE UK’S SECOND RETAIL CENTRE AFTER LONDON

GLASGOW’S MUSIC SCENE IS SECOND TO NONE –

EACH WEEK

THE ARCHIPELAGO OF THE CLYDE COAST AND THE HIGHLANDS STUNNING SCENERY IS JUST

GLASGOW HAS A VIBRANT

45 MINUTES AWAY

THE DIVERSITY OF THE CITY OFFERS SOMETHING FOR EVERYONE:

SSE HYDRO IS RANKED TOP GLOBAL VENUE (BILLBOARD)

GENERATING £613 MILLION FOR THE LOCAL ECONOMY

IN 2015 GLASGOW ATTRACTED

AND 3RD IN THE ‘TOP 100 WORLDWIDE ARENA VENUES’ (POLLSTAR)

INCLUDING PARIS, ROME, BARCELONA, VIENNA & AMSTERDAM

HOTELS REGULARLY OUTPERFORM KEY EUROPEAN COMPETITORS

HOSTING THE 20TH COMMONWEALTH GAMES, THE 2015 WORLD GYMNASTICS CHAMPIONSHIPS AND THE INAUGURAL EUROPEAN SPORTS CHAMPIONSHIPS IN 2018

ONE OF THE WORLD’S LEADING DESTINATIONS FOR

INCREDIBLE CULTURE & ACTIVITIES, PROXIMITY TO NATURE & WONDERFUL PARKS, PLUS FASCINATING HISTORICAL ASPECTS

THE ROYAL CONSERVATOIRE OF SCOTLAND IS THE UK’S ONLY CONSERVATOIRE

HOME TO SOME OF THE FINEST COLLECTIONS OF CIVIC ART IN EUROPE AT THE BURRELL COLLECTION AND KELVINGROVE ART GALLERY AND MUSEUM

606,3403 SUPER COLLEGES ATTRACTING OVER 130,000 STUDENTS EVERY YEAR AND 67,000 HIGHER EDUCATION STUDENTS

8 TRAINS PER HOUR TO EDINBURGH AND 38 TRAINS PER DAY BETWEEN GLASGOW / LONDON

NAMED BY NATIONAL GEOGRAPHIC TRAVELLER AS

ONE OF ITS 20 ‘BEST OF THE WORLD’ DESTINATIONS FOR 2016

DAILY DOMESTIC FLIGHTS TO LONDON AND BIRMINGHAM WITH INTERNATIONAL DESTINATIONS INCLUDING NEW YORK, BRUSSELS, DUBAI, TORONTO, VALENCIA, LISBON, MADRID, KRAKOW AND SEOUL

15 MINUTES’ DRIVE TO GLASGOW AIRPORT

PRODUCED 5 TURNERPRIZE WINNERS

WITH MAJOR INTERNATIONAL PRODUCTIONS SUCH AS WORLD WAR Z, CLOUD ATLAS, FAST & FURIOUS 6 AND OUTLANDER CHOOSING TO SHOOT IN GLASGOW

WORLD CLASS LOCATION FOR FILM AND TV PRODUCTION

SINCE 2005, GLASGOW SCHOOL OF ART HAS

MUSIC EVENTS HOSTING 130

LARGEST RAIL NETWORK OUTSIDE LONDON

4 WORLD CLASSUNIVERSITIES

OVER 500,000m²OF RETAIL SPACE

2.2 MILLION INTERNATIONAL ANDDOMESTIC TOURISTS

IN ADDITION TO THE AWARD WINNING RIVERSIDE MUSEUM

SPORTING EVENTS OFFERING MUSIC,

DRAMA & DANCE

C I T Y O F G L A S G O W C O L L E G E6 0 N O R T H H A N O V E R S T R E E T

MAIN BUILDING SQ M SQ FT

14th Floor (Mezzanine) 184.00 1,980

14th Floor 531.00 5,716

13th Floor 1,000.00 10,764

12th Floor 1,000.00 10,764

11th Floor 1,000.00 10,764

10th Floor 1,000.00 10,764

9th Floor 1,000.00 10,764

8th Floor 1,000.00 10,764

7th Floor 1,000.00 10,764

6th Floor 1,000.00 10,764

5th Floor 1,000.00 10,764

4th Floor (Mezzanine) 257.17 2,768

4th Floor 742.83 7,996

3rd Floor (Mezzanine) 166.48 1,792

3rd Floor 1,000.00 10,764

2nd Floor 1,000.00 10,764

1st Floor 1,000.00 10,764

Ground Floor 477.31 5,138

Basement 1,046.13 11,260

TOTAL (GIA) 15,404.92 165,817

PODIUM SQ M SQ FT

2nd Floor 974.15 10,486

1st Floor 731.22 7,871

Ground Floor 851.53 9,166

Lower Ground 667.82 7,188

Basement 720.81 7,759

TOTAL (GIA) 3,945.53 42,470

Note: Floor areas provided by City of Glasgow College, as calculated by scaling from CAD drawings. Floor areas are indicative and are not warranted. Interested parties will require to satisfy themselves in respect of measurement and calculation of floor areas.

TOTAL (GIA) 19,350.45 SQ M / 208,287 SQ FT

EPCEPC rating is ‘G’.

RATEABLE VALUEThe property has a Rateable Value of £505,000.

LEGAL COSTSEach party will be responsible for their own legal costs and the purchaser will be responsible for the payment of any Land and Building Transaction Tax and Recording Dues incurred in the transaction.

VATThe property is not opted to tax. As such there is no VAT chargeable on the disposal price. Any intending purchaser will require to satisfy themselves as to the incidence of VAT in respect of any transaction.

GROUND FLOOR PODIUM

BASEMENT &LOWER GROUND

BASEMENT &LOWER GROUND

FIRST FLOOR MAIN BUILDING

SCHEDULEOF AREAS

FLOOR PLAN

USEFUL WEBSITESInvest Glasgowwww.investglasgow.com

Glasgow City Councilwww.glasgow.gov.uk

People Make Glasgowwww.peoplemakeglasgow.com

Scottish Enterprisewww.scottish-enterprise.com

Tourism & Conventionswww.glasgowcitymarketing.comwww.glasgowconventionbureau.comwww.glasgowlife.org.uk

Scottish Development Internationalwww.sdi.co.uk

Skills Development Scotlandwww.skillsdevelopmentscotland.co.uk

C I T Y O F G L A S G O W C O L L E G E6 0 N O R T H H A N O V E R S T R E E T

Viewings will be arranged on a regular basis. Access will be by way of prior arrangement. To be advised of viewing dates e-mail cityofglasgowcollege@ryden.co.uk

Ewan Cameron or Steven Gay

WWW.COGCOLLEGEDISPOSALS.CO.UK

Messrs Ryden LLP for themselves and for vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden LLP has any authority to make or give any representation or warranty whatever in relation to this property. February 2018.

The bid process is set out in the Information Memorandum, which can be downloaded from www.cogcollegedisposals.co.uk or, by request at e-mail cityofglasgowcollege@ryden.co.uk Interested parties should also register their interest in the property by e-mailing cityofglasgowcollege@ryden.co.uk

City of Glasgow College is seeking best bids for its outright ownership in this development opportunity and will consider both conditional and unconditional offers.

On conclusion of legal missives.

CLOSING DATE& BID PROCESS

DATE OF ENTRY VIEWING & FURTHERINFORMATION

(+44) 141 204 3838

G L A S G O W

DATA ROOMInterested parties can request access to a dedicated electronic Data Room containing copies of floor plans, planning brief and technical information, which will assist parties in formulating their proposal for the property and should reduce the conditionality of bid submissions.