324-328 Brandon Street, Motherwell, Lanarkshire, ML1 1XA
- PROPERTY TYPE
Commercial Development
- BEDROOMS
5
- BATHROOMS
5
- SIZE
1,770 sq ft
164 sq m
Key features
- Conversion Potential (4 x 2-bed flats and 1 x 1-bed flat)
- Approx. £24,000 per unit Serviced Accommodation income (subject to approval)
- Located within a £19M regeneration area (town centre, housing, infrastructure)
Description
Town & Country Property Auctions present a rare opportunity to secure a high-yield development asset with conversion potential, six-figure serviced accommodation potential, and £19M of investment driving growth.
Description
324328 Brandon Street, Motherwell, ML1 1XA
Guide Price: £72,000
GDV: £355,000
High-Yield Development Opportunity Multi-Exit Strategy Prime Town Centre Location
Town & Country Property Auctions present a rare opportunity to acquire a versatile town centre development asset in the heart of Motherwell. Extending to approximately 1,770 sq ft (164.44 sqm) across the first floor (874 sq ft) and attic (896 sq ft), the property offers excellent scope for refurbishment and reconfiguration of the internal layout.
There is strong potential for conversion into four 2-bedroom flats and one 1-bedroom flat, with layout feasibility supported by architectural input, giving confidence in the development opportunity (subject to planning). Alternatively, the property may suit residential units or continued use as office suites.
From an income perspective, four 2-bedroom flats are estimated to achieve £750 per month each, with the 1-bedroom flat achieving £600 per month, generating a total of £3,600 per calendar month (£43,200 per annum). For serviced accommodation, each unit is projected to generate approximately £24,000 per annum based on a £98 average daily rate and 68% occupancy, equating to a total potential income in excess of £120,000 per annum across five units.
The asset is well suited to a range of strategies including flat conversion, HMO, or commercial use (subject to planning).
Located on Brandon Street, the property is within walking distance of the high street, supermarkets, schools, and colleges, with excellent transport links via the M74 and M8. Motherwell is currently benefiting from approximately £19 million of investment focused on town centre regeneration, new housing delivery, infrastructure improvements, and public realm upgrades across areas including Forgewood and North Motherwell, all of which are driving increased demand and long-term growth.
A low entry price with significant upside makes this an ideal opportunity for investors and developers seeking strong returns.
Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
Brochures
Legal DocumentsOnline Bidding324-328 Brandon Street, Motherwell, Lanarkshire, ML1 1XA
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Airbles Station0.4 miles
- Motherwell Station0.4 miles
- Shieldmuir Station1.4 miles
About Town & Country Property Auctions, Chester
33 Lower Bridge Street Chester CH1 1RS
Notes
Disclaimer - Property reference 340168. 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 Town & Country Property Auctions, Chester. 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 Town & Country Property Auctions, Chester on 08002 922275.
*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.”
Map data ©OpenStreetMap contributors.