New tenants for offices at Elliot Street, Glasgow

Posted on by John Cronin

Three new tenants have been secured for a multi-suite office development in Glasgow.

Sovereign HouseJoint marketing agents Knight Frank and Glen & Co have secured tenants for the 28,000 sq ft Elliot Street Mews office scheme in Glasgow.

The development consists of 2 adjoining buildings located approximately 0.5miles from Glasgow city centre. The buildings, originally the Cranstonhill Iron Foundry, were redeveloped in 2002 and offer a combined total floor space of 28,000 sq ft. There have been several office developments in Elliot Street in recent years including the 40,000 sq ft office complex at 144 Elliot Street. Scottish property developer Steven Shear is behind both developments.

Quoted rental prices for suites at 144 Elliot Street at £18.50 / sq ft. Only the 11,450 sq ft 1st floor remains available.

The Glasgow Chamber of Commerce reports that Monkey Agency has leased 3,200 sq ft  of first floor space at Sovereign House. Xero Energy Ltd has agreed to let the 2,123 sq ft 2-storey self contained office building at 60 Elliot Street. The final new tenant is Isa Music, who has let a 769 sq ft suite at 46 Elliot Street Mews. Agreed rental prices have not been disclosed but the quoted headline rental for accommodation at Sovereign House is £13.70 / sq ft.

Stephen Shear of developers Sovereign Properties said: “By offering the suites to the market in walk-in condition, and with us being able to accommodate the flexibility that seems to be demanded by tenants … I am delighted to have added another three tenants to the development.”

Three office suites within the development ranging in size from 1,668 sq ft to 5,654 sq ft remain unoccupied.

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