PRIME NEW ENTRY. We are excited to bring to market this fantastic commercial to residential development Opportunity, located within a prime location in Motherwell.
Property previously had planning approved which has now lapsed, planning reference: 14/01376/FUL
Potential for conversion from 4 offices to 7 flats, subject to planning permission being reinstated.
Property is situated in a prime main street location in Motherwell, just 4 minutes from Motherwell Train Station and is a 26 minute drive from Glasgow City Centre.
Property could lend itself for other uses, subject to gaining necessary planning consents.
HUGE DEVELOPMENT POTENTIAL
Location
Motherwell is a well-connected town about 15 miles southeast of Glasgow that attracts both residents and property investors because of its affordability, transport links, and strong local amenities. Historically an industrial centre tied to the steel industry at Ravenscraig Steelworks, the town has since evolved into a commuter hub with quick access to Glasgow and Edinburgh via the West Coast Main Line and nearby motorways like the M74 and M8. People choose to live here for its family-friendly neighbourhoods, green spaces such as Strathclyde Country Park, and comparatively lower house prices than Scotland’s major cities.
Terms
Guide Price - £160,000
If converted into flats, subject to reinstating planning permission, property could potentially achieve GDV of £805,000 based on 7 flats at £115,000 each. Property could lend itself for other uses, subject to gaining necessary permissions from North Lanarkshire Council.
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.