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Residential Development Opportunity, 152 Newlands Road, Cathcart, G44 4EX

0.4 acres / Land / Residential

For Sale - £650,000.00

Under Offer - Last updated: 17 August 2021

The site comprises a single storey brick built building previously used by the engineering complex with a tarmacadam surfaced car park above. The subjects are enclosed by a metal fence.

Location

The corner positioned site is located on the south side of Newlands Road, at its junction with Tankerland Road, in the Cathcart area of Glasgow which lies around 3 miles south of the city centre.

The subjects are opposite SPX Flow, part of Celeros (Weir Pumps), however the general local area is residential in character. Local shops, bars and restaurants can be found closeby on Clarkston Road / Holmlea Road. Cathcart Train Station also lies a short walk 0.2 miles to the east of the development site.

Accommodation

Site Area - 0.40 acres (0.16 hect.)

Terms

Planning / Technical - A Planning Application seeking Permission in Principle (20/01762/PPP) has been submitted to Glasgow City Council for the demolition and redevelopment of this brownfield site comprising a 5 storey flatted development providing 31 two bedroom flats with shared amenity space and underground car parking. As this is an application for Planning Permission in Principle, this is an approximate number which may be subject to change.

The City Development Plan (adopted March 2017) confirms the site is not subject to any site-specific allocations. City-wide policies CDP1 Placemaking and CDP2 Sustainable Spatial Strategy cover all sites within the city.

A second Planning Application seeking Permission in Principle (20/01761/PPP) has been submitted to Glasgow City Council for the demolition and redevelopment of a 1,200 sqm (12,912 sq ft) commercial development.The plan submitted shows 4 smaller retail units, however as an application for Planning Permission in Principle, the scale and massing outlined within the sketches is indicative and may be subject to change.

A technical pack can be made available upon request.

Price - Our client is seeking offers in excess of £650,000 exclusive of VAT for their Heritable interest.

VAT - All prices, rents, premiums etc. are quoted exclusive of VAT. Interested parties must satisfy themselves as to the instance of VAT in respect of any transaction.

Legal Costs - Each party is responsible for their own legal costs and the tenant shall be responsible for lease registration costs and land tax as standard.

Anti Money Laundering Regulations - The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers. Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase, before the transaction can proceed.

Specification

  • Site extending to 0.40 acres (0.16 hect.)
  • Popular southside residential location
  • Planning in Principle’ applications lodged
  • 31 x 2 bedroom flats with associated parking
  • 1,200 sq m (12,912 sq ft) retail development

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in excess of For Sale Freehold £650,000.00 NA

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Contact agents

Marc Erunlu

Lapsley McManus Property Consultants

0141 432 0484



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