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ref: L99784

DEVELOPMENT OPPORTUNITY FOR SALE

Available
Under Offer
Price
POA
Location
Former Inn on the Green, 25 Greenhead Street, Glasgow, G40 1ES
Property Type
Development Opportunity
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KEY FEATURES



attribute
Development opportunity
attribute
Good location close to Glasgow Green
attribute
Site area of 0.1094 hectares (0.251 acres) or thereby
attribute
Potential for residential development

LOCATION


Located within the Bridgeton area approximately 1 mile to the south east of Glasgow City Centre and on the eastern side of Greenhead Street close to the junction with McPhail Street. Greenhead Street forms a cul-de-sac running adjacent to Arcadia Street (A74) and lies east of and facing on to the 136-acre public park Glasgow Green. Access into the area is good via the A74 London Road, with this road also crossing the River Clyde via the Kings Bridge 400m south west. Immediate existing land uses comprise modern and traditional residential apartments with some commercial businesses in the area.


DESCRIPTION


Originally dating from c. 1840 and comprising a fire damaged Grade B listed former tenement and former hotel, substantially fire damaged in June 2014. It exists as a semi-derelict 4-storey tenement with adjoining single storey ashlar stone façade retention with rear cleared and overgrown site. The existing and former building is/was arranged over basement, ground, first second and third floors with converted attic space. Part of the building was substantially fire damaged in June 2014 and the upper floors subsequently demolished.


ACCOMMODATION


The site is understood to comprise 0.1094 hectares (0.251 acres) or thereby


PLANNING


We note from the Glasgow City Council planning portal that Planning consent was previously granted via applications referenced 12/800530/DC and 12/00531/DC for the demolition of the existing hotel and erection of a 6 storey hotel (112 bed spaces) with part front façade retention. The consent was subject to implementation within 3 years from 26 July 2012 which has now lapsed. The new scheme had a total GIA of 4,400.9 sq. m. (47,371 sq. ft.). We recommend that interested parties contact the Council Planning Service regarding any planning matters.


TERMS


CLOSING DATE FOR OFFERS - NOON, THURSDAY 20th JUNE 2019. Purchase offers are invited for the heritable interest with vacant possession. Offers must not be conditional on planning consent. All offers should be addressed to the selling agent and must clearly stipulate purchaser details and provide confirmation of finance and all conditions.. Our clients are not bound to accept the highest or indeed any offer submitted.


VAT


The price quoted is exclusive of VAT and intending purchasers must satisfy themselves as to the incidence of VAT on this transaction.


LEGAL COSTS


Each party will be responsible for their own legal costs incurred in connection with this transaction, and the purchaser will be liable for registration fees, extract copies and LBTT.


FURTHER INFORMATION & VIEWING


For further information and viewings please contact the sole agent, Colliers International, 2 West Regent Street, Glasgow G2 1RW:


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. 26/08/2019

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