Office for sale in 1460 Maryhill Road, Glasgow, Glasgow City G20

For sale by online auction 25th September 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: 1456 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

* 932 Maryhill Road (House) Sold £350k (Oct 22)
* 154 Maryhill Rd 3/1 Sold £165,500 (June 23)
* 103 Maryhill Rd Flat 6 Sold £165,007 (June 23)
* 150 Maryhill Road 3/2 Sold £168k (April 23)

* 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. The subjects comprise an office building arranged over three floors, providing primarily open plan office accommodation. The building was constructed circa 1950. The property is of concrete frame construction under a flat roof.*** There are a number of dedicated car parking spaces to the front and rear of the building. The remainder of the site is grassed and slopes upwards. The property is currently occupied by a Local Boxing club but will be sold with vacant possessionA small section of the site is not owned by the vendors. Any buyer must check the legal pack to confirm. We understand that the previous occupants of the building had uninterrupted use of the property for their entire use of the subject which was in excess of 30 years.**** Possible Potential residential conversion Opportunity / Workshop Units / Self storage / Business Centre / Leisure Use All subject to Planning.

Guide price - £180,000

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