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ref: 24443

DEVELOPMENT PLOT FOR SALE - CLOSING DATE - 12 NOON ON FRIDAY, 14 DECEMBER 2018

Available
Marketing
Price
£100,000 (€114,050 approx)
Location
Todd Campus, Plot A, West of Scotland Science Park, Glasgow, G20 0XA
Property Type
Development Opportunity
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LOCATION


West of Scotland Science Park is located 4 miles north west of Glasgow City Centre at the East Dunbartonshire boundary. The park is situated on the main arterial route of Maryhill Road (A81) as is well served by nearby Maryhill train station and various bus routes.

The Todd Campus is located to the north of Maryhill Road and has attracted notable occupiers such as Merck Life Sciences, Sartorius Stedim and the Glasgow Memory Clinic.


DESCRIPTION


The development plot is roughly rectangular shaped and flat with grass covering in the main, although with a section steeply sloping down to the River Kelvin at the rear that is not suitable for development.

The plot is accessed from Acre Road. The entire road has been adopted by the local authority. Utilities are available from below the road and pavement.

Site Area

Gross Area = 2.03 ACRES (0.82 HECTARES)
Net Area for development = 1.14 ACRES (0.46 HECTARES)


PLANNING


The plot is zoned in an area for business and industry under the Glasgow City Development Plan (Adopted 2017).

The occupier of the developed site must be deemed as an appropriate company by the vendor, in keeping with the science park environment.


TENURE


The heritable interest in the site is for sale. However, this will be subject to a development agreement (a temporary ground lease arrangement) until the purchaser has developed the plot in line with their development proposal.

The sale will also be subject to a clawback agreement if a change of use is secured. The vendor will insert a Section 32 Agreement whereby if the subjects are sold or redeveloped for any use other than Class(es) 4, 5 & 6 within 10 years from the date of sale, then 50% of any uplift in value, as determined by an independent valuer, will be given to the vendor.


Misrepresentation Act
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. 22/02/2019

Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.

Copyright (c) 2019 Colliers International Property Consultants Limited. Company registered in England & Wales no. 7996509.
Registered office: 50 George Street, London W1U 7GA  Tel: +44 20 7935 4499