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 Celeros Flow Technology, formerly Clyde Union / Weir Pumps, who are to dispose of surplus parts of the substantial complex for residential development. 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 hectares)
Planning / Technical - Planning Application 21/02243/FUL was approved on 22 June 2022 for the erection of a flatted development (31 units) with associated access, car parking, landscaping and other works, including demolition of vacant building.
The proposed scheme will comprise a single flatted residential block arranged predominantly over four stories and rising to five at the corner of Newlands Road and Tankerland Road that completes the tenement block. The basement level will comprise car parking along with bin and cycle stores whilst the upper floors will contain 31x two bedroom apartments, ranging from 689 sq ft to 861 sq ft in size.
The apartments will benefit from a range of desirable features including balconies (on certain flats), secure off street car parking for each property with electric charging points, and a private residents garden and terrace area. Externally, we understand that proposed block will be finished in facing brick to ensure it is in keeping with surrounding properties, with aluminium and zinc cladding to the penthouse level. The roof will be dual pitched and clad in concrete tiles. The summary of accommodation is:
Type 1 (2 Bed) - 5 units - 689 sq ft
Type 2 (2 Bed) - 12 units - 861 sq ft)
Type 2 with balcony (2 Bed) - 14 units - 861 sq ft
Total - 31 units - 25,831 sq ft
Terms
Price - Our client is seeking offers over £750,000 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
- Planning Consent Granted for 31 x 2 bedroom apartments
- Site extending to 0.40 acre (0.16 hect)
- Popular southside residential location
- Excellent access to public transport connections
- Offers over £750,000