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More details for 137 Trongate, Glasgow - Build-to-Rent for Sale

Purpose-Built Student Accommodation (PBSA) - 137 Trongate

Glasgow, G1 5HF

Build-to-Rent for Sale
100,000 sq ft

Glasgow Build-to-Rent for Sale

137 Trongate offers investors the rare opportunity to acquire a prime, fully consented purpose-built student accommodation (PBSA) development site within the Glasgow City Centre. Benefiting from immediate start-on-site potential, this landmark scheme has been designed by acclaimed PBSA architects, Stallan-Brand, to deliver 98 high-quality studio beds with an emphasis on sustainability, targeting an Energy Performance Certificate (EPC) A rating through advanced energy solutions such as air source heat pumps and solar panels. Situated within the vibrant Merchant City and St. Enoch Quarter, the project sits at the forefront of a transformative regeneration area adjacent to the successful Candleriggs Square development. Preserving the character of the historic façade, the proposed development will produce modern amenities that appeal to today's discerning student residents, including contemporary communal areas, a roof terrace, a courtyard, and secure cycle storage alongside a ground-floor commercial unit for additional income potential. Strategically positioned within walking distance of Glasgow's key universities, the University of Strathclyde and Glasgow Caledonian University, and with excellent transport links to the University of Glasgow, the site is highly attractive to local and international students. Notably, Glasgow is recognised as the United Kingdom's second most undersupplied PBSA market, with a growing student population and record-breaking rental growth, creating a robust and sustained demand profile. With over 77,000 full-time students, 33 percent of whom are international, Glasgow continues to be one of the United Kingdom's most dynamic student cities, underpinned by a strong, diversified economy and high employment levels. This scarcity of quality student beds, coupled with Glasgow's status as Scotland's largest city and its appeal to global investors, makes 137 Trongate an exceptional investment prospect. Offers are invited for the heritable interest, with forward funding and joint venture structures also welcomed to suit investor requirements.

Contacts:

McParlane & Co

Ryden

Property Subtype:

Shared Accommodation

Date on Market:

25/04/2025

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More details for 99 Borron St, Glasgow - Build-to-Rent for Sale

PBSA - 99 Borron St

Glasgow, G4 9XF

Build-to-Rent for Sale
£71,780,000
100,000 sq ft

Bicycle Storage
Car Charging Station

Glasgow Build-to-Rent for Sale

Seeking offers on a traditional forward funding structure in excess of £71,780,000 exclusive of VAT. A purchase at this level would represent a Net Initial Yield of 6.00% and based on NOI projections would have strong reversionary potential. Consideration will also be given to a site sale. The consented scheme will provide a new purpose built student residence development comprising 424 new student beds, while prioritising the quality of both internal and external amenity spaces (9 sq m per bed space). The design will foster a sense of community, promote well-being, and provide various opportunities for social interaction and relaxation. Given the campus style living approach, this will allow for a diverse student population and will consider their needs for privacy, study, and recreation. The project will deliver a vibrant, inclusive, comfortable, and sustainable living environment for students.