A former hostel that operated in Scotland’s largest city for more than two decades has been put back on the market for sale.
CBRE said the “substantial” 1960s building also has a ground-floor restaurant and bar with 70 covers.
Euro Hostel Glasgow, which covers the basement, ground and ten upper levels, closed last year and is currently empty.
“The property was converted to use as a hostel in 2000 and comprises 137 rooms,” the agent said. “The hostel ceased operating in December 2023 and is currently vacant with fixtures and fittings now removed.
“The room types include single occupancy, double, twin, and larger dorm style rooms which accommodate a maximum of 14 people.
“There are a number of larger suite style rooms on the first floor which in addition to dorm rooms have living rooms and access to a small terraced garden area.
“The majority of rooms, with the exception of 14 rooms on the second floor, have en-suite pod style showers and WC facilities.”
Kathryn Bennett, of CBRE, said the firm is relaunching the property "due to abortive negotiations".
She said: “The city centre building extends to a substantial GIA of 7,783.6 sqm (83,782 sq ft) and offers an exciting opportunity to re-open a hospitality business or repurpose for other city centre appropriate uses.
“The building is located in the heart of Glasgow, close to major transport links and in an established area for 'beds' in the city.”
CBRE said offers in excess of £3.75 million are invited.
Plan for student flats and homes for city centre's largest gap site
Plans for 591 student apartments and 20 affordable homes at a city centre’s largest development site have been unveiled.
Following a series of public consultations, urban regeneration specialist Vita Group has submitted a planning application for the 20 India Street regeneration site in central Glasgow. The proposal for the brownfield site includes the provision of 20 new affordable apartments which will be delivered with partner West of Scotland Housing Association and will be made up of ten one-bedroom apartments suitable for single people or couples, with ten two-bedroom apartments, suitable for families.
Scottish family company in major Spanish move
A Scottish seafood company has opened a major distribution hub in the Spanish city of Bilbao to “scale” its operations and “solidify” its position in the European market.
Larkhall-based MacNeil Shellfish, noting its investment in the 3,000 square metre facility “designed to propel the company into its next growth phase” exceeded £5 million, declared: “This expansion, the culmination of five years of meticulous planning and dedication, marks a significant milestone for the family-operated enterprise."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here