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Development Opportunity For Sale, Robertson Street, Glasgow, G2 8QD

not specified / Leisure

Withdrawn - Last updated: 18 February 2023

The property presently comprises of a 5 storey and attic building of red sandstone and brick construction, built originally in 1901 and currently vacant having previously comprised of mainly cellular office accommodation.

There is, in addition, a vacant site area directly adjacent to the building, also fronting on to Robertson Street. The faade of the building is category A Listed.

A basic site boundary is provided within the attached title plan with the buildings footprint extending to the areas shaded in red outline. Further title information can be provided to seriously interested parties upon request from the selling agents.

Location

Glasgow is Scotland’s largest city and is the West of Scotland’s administrative centre. The estimated population for Glasgow City in 2019 was 633,120 (National Records of Scotland) and is the highest out of all 32 council areas in Scotland. The Glasgow City Region has a population of circa 1.8m. The M8, M74, M73 and M80 motorway network puts Glasgow at the hub of Scotland’s road network providing links to Edinburgh, Ayrshire, the “South” and the “North”. Following recent upgrades/extensions to the M80 and M74, work has also finished on the M8/M74 to the east of the city which will boost Scotland’s economy by improving connections between the commercial centres of Glasgow and Edinburgh and beyond.

Accommodation

The site upon which the building sits extends to 0.32 Acres (0.12 Hectares) while the building is formed in a largely rectangular shape. The remaining corner of the site (southeast) provides an area of undeveloped land. The subjects are located adjacent to the 270,000 sqft grade A office development by Osborne and Co for financial services firm JP Morgan Chase. The development is set to open in late 2022

Terms

PLANNING The subjects are covered by the Clydeplan Strategic Development Plan (SDP) which was approved in July 2017. In addition, the subjects are covered by the Glasgow City Local Development Plan which was adopted on 29th March 2017. Within the Adopted Local Plan, the subjects are zoned with a Development Policy Principle of ‘City Centre’ and ‘International Financial Services District’. The building facade is Category ‘A’ Listed and property lies within the Central Conservation Area

PROPOSAL Offers Invited. The property is being sold with Vacant Possession. A closing date for the sale of the subjects is likely to be set, and therefore interested parties are invited to register their interest with the sole selling agents.

TENURE Heritable (Scottish Equivalent of English Freehold).

FLOOR AREA The measurements have been calculated from drawings provided, these are estimated to be in the region of approximately: • Net Internal Area of 34,000 sq ft (3,158 sq m) • The overall site extends to 0.32 ac, or thereby CURRENT PLANNING We understand the accommodation currently benefits from a Class 4 (Business) consent. It will be incumbent upon any purchaser to satisfy themselves in this respect.

RATING The premises are entered in the current Valuation Roll under multiple entries. Further information can be found on www.saa.gov.uk

Specification

  •  PRIME LOCATION WITHIN INTERNATIONAL FINANCIAL SERVICES DISTRICT 
  • SUITABLE FOR A VARIETY OF USES SUBJECT TO PLANNING 
  • NUMEROUS OFFICE DEVELOPMENTS WITHIN IMMEDIATE VICINITY 
  • OVERALL SITE EXTENDS TO 0.32 ACRES OR THEREBY


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