0 bed Studio (for sale) 2, Merkland Street, Entire 1st, 2nd And 3rd Floors, West End, Glasgow G116Dd G11

£395,000
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Future Property Auctions
241 Kilmarnock Road, Glasgow
0141 376 8805
First Published

7th Dec 2018

Last Published

9th Jan 2019

 

Features

  • Type: Studio
  • Bedrooms: 0
  • Listing status: sale
  • Country: Scotland

Description

Once in A lifetime opportunity***to acquire the full upper floors of a landmark Building in the West End of Glasgow***Huge potential for ongoing commercial use or converting into a number of flats (subject to planning) ***Possible Enormous Development Return (subject to planning & consents) *** If the 1st & 2nd floors were converted into 11 smaller offices at a rent of £4200 per annum per office and the 3rd floor was rented for £15k per annum the Total Combined rent for the building would be £61,200 per annum*** If developed into 5 flats (subject to planning) the 1st floor & 2nd floor would each comprise: 1 x 1 bed & 1 x 2 bed flats and the 3rd floor would be an amazing 3 bedroom penthouse flat*** The 2 1st floor offices are currently let. 1 for £6k per annum & 1 for £7.2k per annum (both rents includes vat). The building is subject to vat. However, any purchase could be treated as a togc with no vat payable. Independent advice should be taken regarding this***

 

Local info for G11

 

Property Value Data/Graphs for G11

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 94.9% £155,195 1.6 1
Studio 2.5% £71,667 0.3 1
Terraced house 0.8% £110,000 1 1
Maisonette 0.8% £325,000 3 1
Semi-detached house 0.8% £395,000 3 2

Area Information

Average Price Paid

£182,995

Sales

3345

Current Average Value

£156,160

Value Change

£26,835 17.2%

 

Current Asking Prices in G11 Average: £156,160

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £97,500 (2) - £395,000 (1) - -
Flats £117,321 (51) £177,240 (52) £250,700 (10) - -
All £116,573 (53) £177,240 (52) £263,818 (11) - -

Nearby Properties

2 bed Flat () Onslow Drive, Dennistoun, Glasgow G31 £130,000
2 bed Flat () Kelvindale Road, Glasgow G20 £60,000
2 bed Flat () 2/2, 51 Winton Drive, Glasgow G12 £169,000
3 bed Semi-detached house () Dechmont Avenue, Cambuslang G72 £119,995
2 bed Flat () "Beaufort" at Craig Road, Glasgow G44 £161,950
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