* UNDER OFFER *
The property occupies a prominent position on New City Road, a short distance from Glasgow City Centre being easily accessible via road and rail, with Cowcaddens Subway Station in the immediate vicinity. The former Stow College Campus lies directly behind the property and is in the process of being converted by the Glasgow School of Art for additional teaching facilities. In addition there is a planning application pending for a nearby student accommodation, both of which will improve footfall.
The property comprises a former bank within the basement and ground floor of a 5 storey red sandstone development. The property was latterly used as a Childrens Nursery but would lend itself to a number of alternative uses to include retail, office, healthcare and restaurant etc.
From plans provided we understand the property extends to the following areas and dimensions:
Ground Floor: 3,012 sq ft (2,080 sq m)
Basement: 3,335 sq ft ( 310 sq m)
The property has been entered in the Valuation Roll as follows:
Rateable Value (2017/18): £35,000
The property currently benefits from Class 10 planning consent. Our client has made an application for Class 1, 2 & 3 planning consents.
The property is offered to the market on a to let basis with offers being sought in the region of £30,000 per annum for a period to be agreed. Alternatively, our client may consider disposing of their freehold interest.
A copy of the EPC is available upon request.
Each party shall bear their own legal costs incurred in any transaction.
Please contact the joint agents.