Land for sale

Development Opportunity/Lock-Up Garages, Crofthill Road, Glasgow, Lanarkshire G44

For sale by online auction Wednesday 21st of may 2025 at 9.00AM. ***Fantastic opportunity***To acquire a potential development site which could be developed into 4 in a block flats or 2 semi detached houses, with a gross development value in excess of £500k, subject to planning***If kept as garages, potential rental value of £12,000 per annum with the 6 garages (4 of the garages currently rented, other 2 available for rent) each delivering £2,000 per annum, giving an impressive yield of 15% at guide price***

***A rare opportunity to purchase a site which could cater to a variety of uses including redevelopment into houses, subject to planning or, kept as 6 garages which could be let out***

recent nearby property sales:
- 250 Crofthill Road, 2 bedroom, £137,850 (Oct'23)
- 41 Crofthill Road, 2 bedroom, £128,000 (Jul'24)
- 44 Crofthill Road, 3 bedroom, £127,000 (Nov'23)

***The garages are set in a residential pocket in the highly sought after area of Croftfoot in Glasgow's Southside***Brilliant investment opportunity ***

***Glasgow's southside is a popular area of Glasgow and hosts various cafes, restaurants, parks and schools including Croftfoot primary school, with King's Park Secondary School nearby)***Kings park is a 4 minute drive away (1.2 miles)***Linn Park is a 4 minute drive away (1.3 miles)***The area is served by Croftfoot railway station (a 9 minute walk away (0.4 miles)) with two trains per hour, and by the 5 (via Carmunnock Road, Croftfoot Road) and 75 (via Menock Road, Castlemilk Road) First Glasgow bus routes from the city centre.***

Guide price - £80,000

To view legal documents relating to this property please visit our website.

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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.