For Sale due to relocation, a substantial industrial asset with potential redevelopment potential (subject to planning).
Location
The subject property is located in the affluent suburb of Milngavie which lies approximately 9 miles to the north west of Glasgow City Centre and is bound to the north by an industrial yard; east by the Allander Water; south by a multi-let industrial estate and west by Cloberfield Road, beyond which lies housing. Milngavie train station is located 1.5 miles to the south of the site, providing connections to Glasgow and Edinburgh and regular bus services are available from on Craigton Road which is a short walk to the south. Access to the motorway network is via Junction 17 of the M8 which is located 9 miles to the south east on the northern periphery of the City Centre.
The surrounding area is predominantly residential in nature, albeit there are similar industrial users to the north and south of the site, which collectively form Cloberfield Industrial Estate.
Accommodation
The subjects comprise a long established packaging manufacturing facility. The main building comprises the manufacturing and distribution areas which form a series of interconnecting buildings which are typically of 1950 construction. The eaves height throughout the industrial areas is mainly 3.7 metres with the Reel Store higher at 9.78 metres. Construction materials vary throughout, however the majority of buildings are primarily of steel frame construction with brick work walls and external render. Roofs are typically pitched and sheeted with a combination of metal and asbestos coverings. Loading is to the rear elevation of the Despatch Building from a series of 3 tail gate access bays with further direct loading to the Reel Store. Canopy protection is in place.
Externally there are a number of outbuildings which include WCs, boiler rooms and external storage rooms. Office accommodation is included within a detached two storey block and is configured to provide cellular office accommodation on each floor together with meeting rooms, staff breakout areas and WCs.
The property lies on a site extending to 3.70 hectares (9.10 acres) and the boundaries are defined by steel palisade fencing, with access being taken from Cloberfield Road at the north western corner. A small yard area to the south western corner is not included within the ownership. We are advised that this area of land is controlled by East Dunbartonshire Council.
The site is subject to the adopted East Dunbartonshire Local Development Plan (LDP) (February 2017), which formally allocates the wider Cloberfield Industrial Estate – the largest within the Bearsden and Milngavie area – for ‘Employment and Business Use’.
While the Council preference would be to retain existing business and employment land sites for Class 4, 5 and 6 uses, the LDP does allow for alternative uses on safeguarded sites in specific circumstances. In this regard, the LDP states that any alternative use redevelopment proposals would be required to demonstrate that:
• The existing use harms the character of the area;
• The property has demonstrably and suitably been marketed for business use for a minimum period of 12 months without success;
• It can be demonstrated that these alternatives do not present a risk that the supply of marketable sites for business and industry will be reduced in a way which compromises the overall employment policy aim;
• Permanent employment would be created by the new use; and,
• Alternative business land or premises will be created nearby, which may need to be provided through a developer contribution.
Any redevelopment proposals would similarly be required to satisfy all standard / applicable physical and technical considerations (e.g. flood risk). The LDP is currently under review, with the Proposed Plan expected for publication by Autumn 2020.
Terms
The Heritable Interest (Scottish equivalent to English Freehold) in the property is available for sale. For further information on price, contact the selling agent.