The site extends to 4.10 acres (1.66 Ha) and is currently used by SGN for open storage. The site has a small 4,500 sq.ft. two storey office, with the rest of the site a mixture of tarmac and concrete open yard.
Recently Coatbridge has enjoyed significant demand from industrial occupiers and developers alike, with rents having increased significantly since 2019. We understand that over 50,000 sq.ft. of new industrial accommodation (3 units) have just secured consent on Hagmill Crescent, Coatbridge.
( Agency Pilot Software Ref: 50099 )
Location
located minutes from established Coatbridge Industrial Estates and Glasgow's motorway network
Accommodation
The site extends to 4.10 acres (1.66 Ha) and is currently used by SGN for open storage. The site has a small 4,500 sq.ft. two storey office, with the rest of the site a mixture of tarmac and concrete open yard.
Terms
OFFERS Offers are invited for our clients heritable interest. Whilst our clients preference is for clean offers, they will consider offers suspensive on planning.
FURTHER INFORMATION Should a closing date for offers be set, any interested parties are advised to notify the sole selling agents of their interest in order to be kept advised of a closing date. Offers will be required to be in Scots legal form and should provide information relative to their offer supporting their proposal both in terms of technical consideration and deliverability as well as being able to demonstrate ability to fund the proposed development. Information which requires to be submitted with the legal offer will be set out in the closing date notification letter.
The site is allocated for business and industrial use. While no investigations have specifically been made, we anticipate that industrial development would not be an onerous application. Alternatively, the site neighbors a residential development so may be also of interest to residential developers. Any residential application will need to demonstrate that there is an oversupply of business/ industrial land and the loss of this area of land will not impact market supply and that there is a need for housing.
Specification
• Site area of C.4.10 acres (1.66 Hectares)
• Located to the north of Coatbridge and fronting Burnbank Road
• Brownfield industrial development opportunity
• Only 5 miles from the M8, 4 miles M73 motorways and 6 miles from the M74 Motorway
• Range of potential uses including, industrial or residential development, with the necessary consents