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Residential / Commercial Development Opportunity, Moffat Street, Glasgow, G5 0ND

0.56 acres / Land

Sold - Last updated: 29 April 2021

The premises comprise a range of building of various ages and constructions, principally a large steel portal frame warehouse building, with various ancillary two storey and part three storey buildings of traditional construction. A secure yard area is situated on the western frontage of the site facing Moffat Street. The majority of the external and internal walls are of brick, with a variety of finishes; structural floors at ground level are of concrete; and roofs are a mixture of forms of cladding. A substantial mezzanine floor has been formed in the portal frame building. Internally the buildings are predominantly either used as workshops, showrooms, and offices.

Location

The property occupies a rectangular site running between Moffat and McNeil Streets in the Gorbals area of Glasgow approximately 1 mile south-east of the city centre. The surrounding are has been significantly regenerated over the past decade or so, and now houses a large number of modern flatted developments, both privately owned and social housing. In terms of commercial occupiers the area is dominated by the Strathclyde Distillery, and immediately adjacent to the subjects are a Nisa Supermarket; BetFred (Bookmakers); Hot (Tanning salon); and various other retailers.

Accommodation

From measurements we calculate that the gross internal areas of the premises are as follows:
 
129 Moffat Street
- Ground - 642 m2 ( 6,910 sq.ft.)
- First - 642 m2 ( 6,910 sq.ft.)
- Second - 130 m2 ( 1,400 sq.ft.)
 
46 McNeil Street
- Ground - 912 m2 ( 9,816 sq.ft.)
- Mezz - 680 m2 ( 7,320 sq.ft.)
 
131 Moffat Street
- Ground - 310 m2 ( 3,337 sq.ft.)
- First - 248 m2 ( 2,670 sq.ft.)
 
Total - 3,564m2 (38,363 sq.ft.)
 
The site has an overall area of 2,279m2, or 0.56 acres.

Terms

TENANCY
The majority of the property is owner-occupied, however a small area is leased to Homezone Furniture Limited on month to month terms.
 
RATING
We understand that the property has a cumulo NAV as of 1st April 2010 of £XXX
 
EPC
An EPC has been commissioned and can be made available to interested parties.
 
PRICE / RENTAL
Our Clients are seeking to dispose of the heritable interest in the property. Prices on application.
 
COSTS
Each party will be responsible for their own costs in the transaction.
 
ENTRY
By arrangement.


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