A landmark listed property in Glasgow city centre built at the height of the Victorian era has been put on the market with a price tag of more than £3 million, with potential for a hotel cited as one possible redevelopment opportunity.

The property, at 2-10 Bothwell Street, was built in 1849. It was redeveloped for occupation by Abbey National, which was acquired by Spanish bank Santander, and is currently a multi-let office space.

Real estate consultancy JLL, which is marketing the building, said: “Because of its prime location and versatile building plan, the building provides the opportunity to be redeveloped for a variety of alternative uses including offices, hotel, leisure and retail uses, subject to local planning consent.”

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The building extends to 28,136 sq ft over the basement, ground floor and upper floors, and has six external car-parking spaces.

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Mike Buchan, lead director in Glasgow for JLL, said: “This is an exceptional property, with a strong tenant base, which has been a permanent fixture in the heart of Glasgow’s business district for over 170 years. It is a unique opportunity to purchase such a high profile building and we expect interest to be shown from a range of [prospective] buyers who see the potential in the site."

He added that the building's central location made it an "attractive office investment", which citing oppportunities for "redevelopment for a variety of uses".