SALE BY ONLINE AUCTION THURSDAY 25TH FEBRUARY 2021. Presenting to market this incredible development opportunity in Glasgow's thriving Strathbungo area. Circa 6,000 sq ft building, formerly Langside Synagogue. Huge development potential - both residential and commercial (STP).
Outstanding opportunity to acquire a massive former Synagogue (over 6,000 sq ft) in the heart of the Strathbungo District of Glasgow’s highly desirable Southside.***Central Location***Re-Development Potential***100% Prime District*** MULTIPLE ALTERNATIVE USES***
· The property would be ideal for conversion into Residential Development with plans prepared for: 17 Executive Flats Comprising: 16 x 2 beds & 1 x bed*** Business Centre (Serviced offices) / Restaurant / Children’s play centre / Gymnasium / Nightclub – Entertainment Venue ***All Subject to Planning***
· ***3 Niddrie Square Sold £246k (Oct 20***2 Niddrie Square Sold £250k (Oct 20)***8 Niddrie Square 2/3 Sold £285k (Oct 20)***33 Balvicar St 1/2 Sold £300k (Oct 20)***13 Niddrie Sq 1/1 Sold £252k (Sept 20)***33 Balvicar St 2/1 Sold £317.8k (Sept 20)***SOUGHT AFTER LOCATION**
· Ideal for Residential Development (subject to planning) *** With a Potential gross development value in excess of £4m if developed & renovated into 17 Luxury flats over 3 floors*** Alternative residential developments could increase potential profitability*** Potential For Small Build to rent scheme***
· *** The Strathbungo District is continually undergoing regeneration & Gentrification*** HIGHLY SOUGHT AFTER LOCATION*** This is a once in a lifetime opportunity to acquire a C Listed Landmark building with exceptional scope for re-development***
ONE FOR THE PROFESSIONALS*** Massive category “C” Listed former synagogue building in the highly Sought after Strathbungo district of Glasgow’s ever popular Southside*** Ideal for Residential Development (subject to obtaining all necessary planning & Building consents) *** With a Potential gross development value in excess of £4m if developed & renovated into 17 Luxury flats over 3 floors**** Our client has provided up with potential plans for the re development of the building showing the above scheme*** All subject to obtaining all necessary planning and building permissions*** The property would be ideal for conversion into Serviced offices / restaurant / Children’s play centre / Large Retail Premises / Nightclub – Entertainment Venue---requires substantial upgrading works---Located on a Highly Desirable residential street with the surrounding area being populated with good quality & sought after residential accommodation***This property would be an ideal purchase for a developer*** Next To Highly Acclaimed Queens Park*** Fantastic Transport facilities from nearby train stations & Bus routes throughout Glasgow***Approx 10 minute drive to Glasgow City centre***Adjacent streets benefit from hosting a number of retail units including restaurants, Gastropubs, takeaways, national retailers and a diverse mix of boutique independent retailers***Nearby Modern Developments being built with no Parking Requirement*** FURTHER LOCAL SALES: 148 Queens Drive (Basement 2) Sold £283k (Sept 20)***13 Niddrie Sq 2/2 Sold £225k (April 20)***158 Niddrie Road
(Opposite building for sale) Sold for £202,525 (Oct 19)***This is a once in a lifetime opportunity to acquire landmark building that is ripe for re-development in Glasgow.
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Terms
Auction goes live 25th February 2021 at 9:00 GMT. Ends 25th February 2021 at 15:00 GMT. You must be registered on www.opascotland.com to be able to bid on property and view legal documents. Purchase is subject to security checks, carried out by third party electronically.