Residential Development Opportunity 187-207 Old Rutherglen Road, Glasgow G5 0RE

For Sale – Residential Development Opportunity 187-207 Old Rutherglen Road, Glasgow G5 0RE

Detailed Planning Permission for 92 units + Commercial Unit 187-207 Old Rutherglen Road, Glasgow G5 0RE 2

Opportunity Savills is delighted to present to the market, an exciting residential development opportunity, situated in the Gorbals locale of Glasgow. The site benefits from Detailed Planning Permission for the development of 92 residential apartments which includes the conversion of a B Listed, former mill together with new build accommodation.

Location The site is located in the Gorbals area of Glasgow which lies approximately 1 mile to the south east of the City Centre. Glasgow is a major education centre with a student population of approximately 130,000 and benefits from having three universities located throughout the city. The University of Strathclyde and Glasgow Caledonian University are situated within the City Centre, together with the City of Glasgow College, all of which are within a short walk of the site. The University of Glasgow lies within the West End of city and is easily accessible via public transport. The Gorbals and the surrounding area has experienced significant regeneration in recent years with ongoing developments at nearby Laurieston and Oatlands which have established new communities on the outskirts of the city. To the west of the site at Tradeston, work is ongoing to deliver the new Barclays campus which is scheduled for completion in 2022. This is expected to bring 2,500 jobs to Glasgow and will assist in attracting more residents to this part of this city. Local convenience amenity is available at Crown Street, to the west. Crown Street Retail Park, to the east of the Gorbals was recently completed providing a wider offering to the Gorbals community. National operators include Aldi, JD Gyms and Costa drive thru. Gorbals Leisure Centre is situated immediately to the north on Ballater Street. Old Rutherglen Road benefits from attractive views overlooking Gorbals’ Rose Garden which provides local recreational space, whilst Glasgow Green lies a 5 minute walk to the north. The park is host to a wide range of cultural events including the World Pipe Band Championships, TRNSMT Music Festival and BBC Scotland’s Proms in the Park. Connectivity to the site is strong, with Glasgow Central and Queen Street Train Stations and Buchanan Bus Station, all situated within walking distance of the site. Local public transport connections are also available at Argyle Street Train Station, 1 mile to the north and Bridge Street Underground Station lies 0.5 miles to the west. Regular bus services are available on the A74/Ballater Street. Access to the motorway network is via Junction 1A of the M74, which lies 2 miles to the west at Tradeston.

Description Proposed Site Layout The site extends to 1.39 acres (0.56 hectares) and comprises a series of four buildings with ancillary car park. These include a B Listed former mill extending over 6 storeys, together with an adjoining 5 storey annexe with frontage onto Old Rutherglen Road. Two buildings of modern construction which extend over 3 storeys lie to the eastern boundary of the site, with frontage on to Commercial Road. We understand that the accommodation provides the following Net Internal Areas:

Building Net Internal Area (Sq ft) Former Mill, 187 Old Rutherglen 46,867 Road Annexe, 187 Old Rutherglen 3,045 Road 203 Old Rutherglen Road 3,304 207 Old Rutherglen Road 13,654 70 Commercial Street 4,637 Converted Accommodation Total 71,507

New Build Accommodation Planning The site will be sold with the benefit of Detailed Planning Permission for a residential development comprising 92 units. (Planning Ref:17/00108/DC). The development proposals outline plans for the conversion of the B Listed mill & annexe to create loft style flats. The modern buildings on the eastern boundary will be demolished to form two new flatted blocks together with a Class 1 retail unit. The plans include associated landscaping and car parking for the development. Full details of the development can be found on the Glasgow City Council Planning Portal. 187-207 Old Rutherglen Road, Glasgow G5 0RE 4

Energy Performance Proposed Accommodation Certificate (EPC) A summary of the proposed accommodation is outlined below:

The EPC Rating for each building is summarised as: Proposed Accommodation Summary Ground Floor, 207, Old Rutherglen Road: F Rating Building No. Of Units Total Area (Sq Ft) Average Unit Size (Sq Ft) Mix Ground Floor West, Old Rutherglen Road: F Rating Former Mill - 45 32,701 727 Studio, 1, 2, 3 & 4 Bed Apartments Conversion 1st Floor, 203 Old Rutherglen Road: e Rating Annexe - 8 7,847 981 2 & 3 Bed Apartment, 4 Bed Conversion Maisonette Offers Building 1 - 15 12,164 811 Studio, 2 & 3 Bed Apartments, Class Our Clients are inviting offers for heritable interest in New Build 1 Retail Unit (792 Sq Ft) & Bicycle the subjects as a whole, reflecting the benefit of the Stores Planning Permission in place. Offers should be made Building 2 - 24 18,213 759 2 Bed Apartments in a heads of term format. New Build Interested parties should contact the Selling Agents Total 92 70,925 771 at the earliest opportunity to note their interest to ensure they are kept advised of any closing date which may be set. Please note that whilst our clients fully intend to sell, they are not bound to accept the highest or indeed any offer.

VAT The property has been elected for VAT purposes. All offers submitted should be exclusive of VAT which will be payable in addition to the purchase price at the point of sale.

Visualisation prepared by ZM Architecture 187-207 Old Rutherglen Road, Glasgow G5 0RE 5

University of Glasgow Glasgow Caledonian University City of Glasgow Buchannan Street College Queen Street Station M8 Motorway Glasgow Central Station University of Strathclyde High Street St Enoch Shopping Train Station Centre Bridge Street Subway Station

City of Glasgow College

Glasgow Gorbals Health Gorbals Leisure Green Centre Centre

Gorbals Rose Garden THE SITE 6

Viewing Strictly by appointment via Savills. For further details please contact:

Emma Biggin [email protected] 0141 222 5899/ 07870 999498

Jamie Doran [email protected] 0141 222 5878 / 07967 555561

Ordnance Survey Crown Copyright 2021. All rights reserved. Important Notice Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Licence number 100022432. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, and published for Plotted Scale - 1:20000. Paper Size – A4 the purposes of identification only and although believed to be correct accuracy is not guaranteed. Savills, their clients and any joint agents give notice that: 1. they are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Designed and Produced by Savills Marketing: 020 7499 8644 | February 2021