The subjects comprise a former school, built in the 1960's formed of two L shaped two storey buildings with associated car parking and servicing areas, on a site of some 3.48 acres.
The current buildings are of concrete frame construction, under a flat roof and extend to a total of some Net Internal Area of some 4,798sqm (51,650sqft).
There are 144 car spaces on the site.
The opportunity provides a substantial and highly prominent riverside frontage, with direct views to Glasgow Green and beyond.
( Agency Pilot Software ref: 53679 )
Location
The property is located immediately adjacent to the south bank of the river Clyde. The site boasts a substantial riverside frontage, with clear uninterrupted views across to Glasgow Green, and the wider city. The site has vehicular access from both Commercial Road and Florence Street, coupled with easy pedestrian access to the city centre, via Crown Street bridge, located some 200m from the site. This area of the city has seen considerable development activity in recent years, with numerous residential developments along with commercial activity, such as Crown Street Retail Park. Nearby notable neighbours include City of Glasgow College, Glasgow Club, Premier Inn and the O2 Academy
Accommodation
Net Internal Area of some 4,798sqm (51,650sqft)
Terms
The buildings are currently part occupied by a variety of tenants. All leases are currently running on a month to month basis and can be terminated at short notice. The current rent roll from these short term leases is £200,834.50 per annum. Full details of tenants and copies of agreements can be provided. Given the development potential of the site we would encourage all interested parties to make early contact with the Planning Department at Glasgow City Council. A detailed planning brief is available in the data room.
PLANNING TENANCY The property has been elected for VAT.
VAT Offers are invited for the long leasehold or heritable title (similar to freehold). For full details please contact the agents
Specification
- Extends to approximately 3.48 acres (1.41 ha)
- Rare opportunity to secure a major riverfront site
- Would suit a variety of uses (STP)
- Part income producing