Residential development for sale

• PRIME NEW LISTING. We are excited to present this vacant commercial property with planning permission for conversion to two one-bedroom flats, located in a prime location in Shotts. (91 SQM)

• *9, Empire Gate, Shotts, ML7 5DH sold for £79,000, 3, Tarbrax Path, Shotts, ML7 5EH sold for £100,400, 35, Main Street, Stane, Shotts, ML7 5EE sold for £75,000*

• This property presents a unique opportunity with full planning permission for conversion from commercial units into two charming one-bedroom flats. Planning Ref: 21/02259/NCC.

• Once developed, these flats could achieve an attractive rental income, estimated at £550 to £600 per month per flat, which totals to a potential combined income of £1,100 to £1,200 monthly.

• An ambitious investor will find this property appealing for both immediate rental income and long-term capital growth. Additionally, those looking to build their dream home with potential for customisation, subject to necessary approvals, will find it equally enticing.

PRIME NEW LISTING. We are excited to present this vacant commercial property with planning permission for conversion to two one-bedroom flats, located in a prime location in Shotts.(91 SQM)



The property comprises two commercial units with inviting front entrances and ample storage throughout, in addition to convenient rear access.



With full planning permission secured for the conversion into residential flats, this property offers endless possibilities. Planning Ref: 21/02259/NCC.



Projected rental income showcases the strong investment potential, with estimates between £550 and £600 per flat per month, offering a lucrative return.



The property has a rateable value of £4,350, which would benefit from low-rate relief.



An ideal opportunity for investors seeking rental income and capital growth, or for homeowners eager to create their dream space with potential for personal customisation, subject to planning.



The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.



Excellent sales evidence in the area:

*9, Empire Gate, Shotts, ML7 5DH sold for £79,000, 3, Tarbrax Path, Shotts, ML7 5EH sold for £100,400, 35, Main Street, Stane, Shotts, ML7 5EE sold for £75,000*



This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our "Offer NOW" button on our website.



This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.



For further details on how to have a bidding account created, please contact the team.



Location



Shotts is a vibrant community located in North Lanarkshire, Scotland. It offers a blend of urban convenience and picturesque surroundings. With excellent transport links to both Glasgow and Edinburgh, Shotts is a desirable location for commuters. The town provides a variety of local amenities including shops, schools, and recreational facilities, making it an ideal choice for both residents and investors.