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Development Opportunity/Lock-Up Garages, Crofthill Road, Glasgow, Lanarkshire, G44 5NN

Guide Price
£80,000
Online Property Auction Scotland, Glasgow
PROPERTY TYPE

Storage

SIZE

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Key features

  • Development opportunity
  • Residential area
  • Sought after location

Description

FOR SALE BY ONLINE AUCTION WEDNESDAY 21ST OF MAY 2025 AT 9.00AM. ***Fantastic opportunity***To acquire a potential development site which could be developed into 4 in a block flats or 2 semi detached houses, with a gross development value in excess of £500k, subject to planning***If kept as garages, potential rental value of £12,000 per annum with the 6 garages (4 of the garages currently rented, other 2 available for rent) each delivering £2,000 per annum, giving an impressive yield of 15% at guide price***

***A rare opportunity to purchase a site which could cater to a variety of uses including redevelopment into houses, subject to planning or, kept as 6 garages which could be let out***

RECENT NEARBY PROPERTY SALES:
- 250 Crofthill Road, 2 bedroom, £137,850 (Oct'23)
- 41 Crofthill Road, 2 bedroom, £128,000 (Jul'24)
- 44 Crofthill Road, 3 bedroom, £127,000 (Nov'23)

***The garages are set in a residential pocket in the highly sought after area of Croftfoot in Glasgow's Southside***Brilliant investment opportunity ***

***Glasgow's southside is a popular area of Glasgow and hosts various cafes, restaurants, parks and schools including Croftfoot primary school, with King's Park Secondary School nearby)***Kings park is a 4 minute drive away (1.2 miles)***Linn Park is a 4 minute drive away (1.3 miles)***The area is served by Croftfoot railway station (a 9 minute walk away (0.4 miles)) with two trains per hour, and by the 5 (via Carmunnock Road, Croftfoot Road) and 75 (via Menock Road, Castlemilk Road) First Glasgow bus routes from the city centre.***

GUIDE PRICE - £80,000

To view legal documents relating to this property please visit our website.

Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.

Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.

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Development Opportunity/Lock-Up Garages, Crofthill Road, Glasgow, Lanarkshire, G44 5NN

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Croftfoot Station0.3 miles
  • Kings Park Station0.8 miles
  • Burnside Station1.0 miles

About Online Property Auction Scotland, Glasgow

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Notes

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Disclaimer - Property reference 290930. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Online Property Auction Scotland, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Online Property Auction Scotland, Glasgow on 0141 673 3844.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

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