The property comprises a regular shaped split-level development site bounded by a mixture of brick walls and temporary fencing. Commercial buildings neighbour the site to its south and east, open land lies to its west and West George Street to its north. An old bakery once stood on the site, although was demolished a number of years ago. The site was latterly used for open storage.
Location
The property is situated on the south side of West George Street, a short distance from its junction with Stewart Street to the north of Coatbridge town centre. The property is located in a settled residential area close to Coatbridge Sunnyside Railway Station and bus routes.
Accommodation
Using Promap, a computer based mapping system, we have calculated the gross area of the site at 693 sq m (0.1713 acres).
Terms
RATING ASSESSMENT - The property has been entered in the current Valuation Roll at a Rateable Value of £100.
The property is therefore eligible for 100% rates relief under the Small Business Bonus Scheme.
PLANNING - North Lanarkshire Local Development Plan identifies the site as being within the general urban area. This policy confirms both residential and commercial uses would be acceptable subject to planning permission and complying with place making principals.
TERMS - Our client is seeking offers in excess of £75,000 for their heritable interest.
VAT - VAT is not applicable on this transaction.
OFFERS - In the normal Scottish form addressed to this office.
LEGAL COSTS - Each party to bear their own legal costs.
DATE OF ENTRY - To be mutually agreed
Specification
- Industrial Yard / Residential Development Opportunity
- Site Area 693 sq m (0.1713 acres)
- Settled residential area
- Close to public transport links
- Suitable for both residential and commercial uses