Land for sale
Property description & features
- Tenure: Freehold
- Prime development opportunity
- Potential £50,000 rental income
- Potential resale value £500,000 on completion
FOR SALE BY ONLINE AUCTION THURSDAY 2ND MAY AT 9.00AM. 32 parking spaces in a sought-after suburb near Glasgow. Ideal for building lock up garages or workshops, subject to planning consents. Potential development value of up to £500,000.
Online Property Auctions Scotland are delighted to present this investment and development opportunity, comprised of 32 car parking spaces in Eaglesham.
The spaces are ideal for building lock up garages or workshops, and have a potential gross development value of up to £15,000 per garage, providing a full potential value of £500,000 if all spaces are utilised.
Potential rental return of circa £50,000 pa if developed.
The surrounding area is a highly sought after, densely populated suburban area with a shortage of secure storage facilities for nearby homeowners.
Nearby sales include:
10 Craigbank Crescent - Sold for £307,500 Jan 24
22 Alexander Avenue - Sold for £510,000 Jan 24
96 Alexander Avenue - Sold for £360,000 Aug 23
28 Alexander Avenue - Sold for £332,000 Jun 23
Eaglesham is a village in East Renfrewshire, roughly 10 miles south of Glasgow and 3 miles south-east of the affluent area of Newton Mearns. There is an abundance of amenities including shops, takeaways, restaurants, hotels and more. There is also a school, parks and training grounds, making it a desirable and popular area to live.
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Property reference 243613. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Online Property Auctions - Glasgow.
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