Global real estate adviser, CBRE, has been appointed by Ambassador Group to bring a prime supermarket investment opportunity in Glasgow to the market.
Located in the popular Finnieston area, the retail asset is currently let to Lidl Great Britain Limited, with 15 years unexpired until the earliest break option. Offers are invited in excess of £7.6m.
The standalone supermarket is situated close to Argyle Street, one of the main arterial routes heading east into the city centre and west to the West End. The store extends to 18,482 sq ft with 67 car parking spaces – six of which are accessible – and 16 bicycle racks.
Originally developed as a standard retail warehouse, the property, which has an EPC ‘A’ rating, was significantly refurbished in 2018 and then again in 2024 to comprise the new Lidl store format. The site extends to a total 1.23 acres.
Finnieston is currently undergoing a major transformation, with new residential, student and retail developments reshaping the area into a truly mixed-use neighbourhood, making it an ideal location for investment in commercial and retail assets.
Martyn Brown, Senior Director at CBRE Scotland, said: “This high-profile supermarket asset represents a rare opportunity for investors, combining a secure income profile to the undoubted covenant of Lidl, underpinned by a substantial underlying residential site value, situated in one of the city’s most sought-after neighbourhoods.”
