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1460 Maryhill Road, Glasgow, City of Glasgow, G20 9DQ

Guide price: £160,000.00|Auction date: 2024-11-20|Lot: -|Warehouse, Offices, Leisure, Land, Serviced Office, Office, Mixed use, Retail, Industrial, Commercial Land, Other Property Types & Opportunities

Property details

SIZE383.43 Sq M
ADDRESS1460 Maryhill Road, Glasgow, City of Glasgow, G20 9DQ
TYPEWarehouse, Offices, Leisure, Land, Serviced Office, Office, Mixed use, Retail, Industrial, Commercial Land, Other Property Types & Opportunities
TENUREFor Sale Freehold
TENANCYInvestment
POSTED ON7th October 2024

Description

FOR SALE BY ONLINE AUCTION 20th November 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 - £160,000

THE TRANSACTION WILL BE SUBJECT TO VAT AT THE CURRENT RATE.

To view legal documents for all properties, and to register for our online auctions please visit our website.

Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm. Please pay special attention to the legal pack for this property.

Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.

Key Feature 1
PERFECT FOR RESIDENTIAL DEVELOPMENT (STP)

Key Feature 2
Large second floor office space circa 4,127 sq ft (383.43 sq m) with parking.

Key Feature 3
Huge potential for residential / commercial development (STP). Rarely available premises.

Location

marker
Location: 1460 Maryhill Road, Glasgow, City of Glasgow, G20 9DQ

Maryhill (0.3 miles)

Gilshochill (0.6 miles)

Summerston (0.7 miles)

Agent's details

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