Page 16 - Shepherd Commercial Auctions - Catalogue 20/06/2024

Lot 13 8-10 Sinclair Drive, Glasgow, G42 9QE "Oven Ready" Development Opportunity
Features
• Planning permission granted for 14 flats and a commercial unit • Full technical pack available on request
• Site area 0.12 Ha (0.3 acres)
Description
The subjects comprise a cleared, regular shaped site extending to 0.3 Acres (0.12 ha). The subjects are accessed directly from Sinclair Drive and bound to the north by a detached building operating as a nursery and to the south and west by traditional tenement accommodation.
Location
The subjects are located within the Battlefield area, conveniently situated approximately 2 miles to the south of Glasgow City Centre. Battlefield is a popular residential area which has seen numerous developments in recent years, with the most notable being the former Victoria Hospital, which is currently being developed to provide over 400 new residential dwellings, just 0.1 Miles from the subjects.
The southside is a sought-after area for families, students, first-time buyers, and young professionals, due to its close proximity to the city and excellent transport connections. Regular bus services run along Battlefield Road, with the nearest train station (Mount Florida) being just 0.5 miles from the subjects. Additionally, the motorway network can be accessed via Junction 1A, connecting to the M74, which is 1.5 miles north at Polmadie.
More specifically, the subjects occupy a prominent position on Sinclair Drive, which carries a high volume of both vehicular and pedestrian passing traffic. Surrounding occupiers offer a mix of local and national retailers/leisure operators including ‘Marks & Spencer’, ‘Battlefield Rest’, ‘The Co-Operative’ and ‘Sainsburys’
Planning
The subjects benefit from planning permission for a mixed-use development. Planning permission reference (21/03134/FUL) was granted in December 2021 consisting of a 5- storey development made up of 14 residential flats in addition to a leisure opportunity, with commercial class 3 consent, on ground floor level. In addition, the development benefits from 18 car parking spaces and soft landscaping.
*Guide Price £450,000 (plus fees if applicable)
16 * Please see Buyer’s Terms for definition of guide price and auction fees
Auction Type
Unconditional Sale - The buyers fee is 2.4% inc VAT(2% plus VAT) subject to a minimum of £12,000 inc VAT(£10,000 plus VAT).