Development Site with Planning Permission, Glasgow
Offered for sale on behalf of Philip Duffy and Steven Muncaster of Duff & Phelps as Joint Administrators of Mederco (Glasgow) Ltd (in Administration).
Euro Car Park Site, Jocelyn Square, Glasgow, G1 5JU.
The subject property lies approximately 45 miles west of the capital city of Edinburgh, 37 miles north of the popular tourist town of Ayr and is only 9 miles from Glasgow International Airport, which is the main air transport hub servicing the region. Glasgow is Scotland’s second largest city and is one of the largest within the United Kingdom. It provides 5 recognised higher educational institutions. Glasgow is linked with a wider commuter catchment area through the extensive rail networks and there is a train running every 15 minutes between Glasgow and Edinburgh.
The site is situated within the heart of the Scottish city of Glasgow. It faces the Glasgow High Court of Justiciary and has the City Union Railway Line running to the north west of the site. The site also has the Glasgow Green riverside park opposite across the street. There are a number of regular public transport services along the A8 Saltmarket/High Street, which is immediately to the east. These offer links to the wider city and surrounding areas. To the south and east of the site is Glasgow Green and the River Clyde.
A detailed planning application (ref: 16/02539/DC) for the erection of student accommodation with all the associated car parking, servicing and landscaping was approved by the Glasgow City Council on the 20th March 2017, subject to a Section 75 agreement which limits the use and occupancy of the proposed development to student accommodation. It is understood that this agreement is without capital contributions or other value significant costs.
The Student Accommodation comprises a 6 storey building to create 169 self-contained units including 6 accessible studios. The ground floor accommodation incorporates a reception, entrance lobby, a café and lounge, resident’s gym, administrative office, laundry and ancillary cycle stores, plant rooms and refuse bin stores. There is also a residents lounge on each of floors 1 – 4.
The total gross internal area is 50,656.46 sqft.
A detailed planning application (ref: 16/02539/DC) for the erection of student accommodation with all the associated car parking, servicing and landscaping was approved by the Glasgow City Council on the 20th March 2017, The Section 75 agreement relates to use of the proposed accommodation solely for occupation as student accommodation. This has been agreed and signed by all parties on the Glasgow City Council planning portal website under reference number 16/02539/DC.
Viewing & Further Information:
For further information or to arrange a viewing please contact Damian Short on 0161 359 4332 or by email [email protected]
Property TypeDevelopment Site with Planning Permission, Glasgow
TenureHeritable Title (Freehold)