FOR SALE BY ONLINE AUCTION 25TH SEPTEMBER 2024 AT 9.00AM. Prime development opportunity. Potential commercial / residential development (STP). Large second floor office space circa 4,127 sq ft (383.43 sq m) with parking. Huge potential for residential / commercial development (STP). Rarely available premises.
PRIME DEVELOPMENT OPPORTUNITY: 1460 MARYHILL ROAD, GLASGOW, G20 9DQ
* Seldom seen for sale***
* 100% Prime West End Property
* Fabulous opportunity to acquire a Large second floor office space circa 4,127 sq ft (383.43 sq m) with parking
* Former Maryhill Job Centre
* Great potential
* Prime West End location on Maryhill Road
* Prominent position on main road with great visibility
* Large volume of passing daily traffic
RECENT SALES
* 958a Maryhill Road (Retail Warehouse) - £196,050 (Jun'24)
* 448 Maryhill Road (2 bedroom) - £171,500 (May'24)
* 577 Maryhill Road (2 bedroom flat) - £172,500 (Mar'24)
* LOW CAPITAL COST OF £43 PER SQ FT (at guide price)
* Potential rents £41k per annum (potentially 22% rental return)
* Potential re-development opportunity with (STP)
* Professionally managed building
* Other alternative uses include: serviced offices, smaller commercial workshops, possible potential for residential, affordable housing, church hall, community let scheme, gymnasium... (all subject to planning)
Positioned on Maryhill Rd, the subject property is located three miles north west of Glasgow City Centre on main arterial route to Bearsden. Access to the site is taken via Maryhill Road. The M8 motorway can be easily accessed at junction 16 travelling east and junction 17 travelling south. Public transport links are immediately available along Maryhill Road, and suburban railway stations are also within close proximity to the subjects. The surrounding area is in mixed use, with retail, leisure, residential and office accommodation in the vicinity of the subject site. Notable occupiers in the immediate vicinity include Tesco, McDonald’s, Subway and JD Gyms.
***Glasgow is the largest city in Scotland, and the city centre is busy and thriving, with no shortage of demand for office space***There are many transport links to and from the city, with the M8 motorway running through the centre and two large train stations, as well as multiple bus routes into and within the centre***Local amenities include a high number of restaurants, bars, nightclubs, theatres and cinemas***The M8 Motorway network provides easy access for commuting across central Scotland as well as Glasgow International Airport.***
GUIDE PRICE - £180,000
THE TRANSACTION WILL BE SUBJECT TO VAT AT THE CURRENT RATE.
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