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Land For Sale in Lanarkshire

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Former Telephone Exchange, Old Road, Ferniegair, Hamilton
Land

Outstanding development and investment opportunity in an affluent residential location beside Chatelherault Country Park. Rare opportunity to acquire a freehold former telephone exchange within one of Hamilton's most desirable residential areas, on the doorstep of Chatelherault Country Park. The property is currently tenanted at £395 per month until June 2027, producing an immediate rental income of £4,740 per annum. This allows an incoming purchaser to receive income while exploring and progressing any longer-term plans for the property. Originally constructed as a telephone exchange, the building has subsequently provided multiple uses. It offers potential for conversion or reuse of the existing building, or alternatively demolition and redevelopment of the site, subject to the existing tenancy and all necessary planning consents. A substantial area of land behind the property is currently owned by the local council. The seller advises that they previously explored the possibility of purchasing this additional land and that the council indicated a willingness to consider a sale. This may provide an incoming purchaser with an interesting opportunity to approach the council and explore increasing the overall site area. Prospective purchasers must make their own enquiries directly with the council. Neither the seller nor Braveheart Auctions can provide any assurance regarding its availability, price, eventual sale or future use. The subjects enjoy a peacefu

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