G1 Glasgow City Centre & Merchant City — Property Development

G1 covers Glasgow City Centre & Merchant City in Glasgow (Scotland). Merchant City heritage stock — Victorian conversion focus.

Local market snapshot

• Average property value: £175,000
• Indicative gross rental yield: 6.6%
• Council planning regime: Gateway 2

Local authority: Glasgow City Council — Gateway 2, Article 4 active, average build cost £1950/sqm.

Hot strategies in G1

• Listed Building Conversion — Converting Grade I and Grade II listed buildings
• Commercial to Residential (Class MA) — Permitted development and Class MA prior approval rules
• Build-to-Rent (BTR) Schemes — Institutional residential rental developments

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