FOR SALE BY ONLINE AUCTION WEDNESDAY 28TH OF JANUARY 2025 AT 9.00AM - ***EXCELLENT OPPORTUNITY TO ACQUIRE A PROMINENT COMMERCIAL BUILDING IN A WELL ESTABLISHED AND HIGHLY VISIBLE LOCATION WITHIN MARYHILL***RARELY AVAILABLE PREMISES***FULLY LET INVESTMENT***REFURBISHED INVESTMENT OPPORTUNITY***ASSET MANAGEMENT POTENTIAL***ALL RENTS ARE UP TO DATE***POTENTIAL RENTS £80K PER ANNUM FOR THE FULL BUILDING (POTENTIAL ANNUAL RENTAL YIELD OF 14.55% BASED ON GUIDE PRICE)***
Positioned on one of the area’s main arterial routes, the property benefits from strong passing footfall and vehicular traffic, offering outstanding exposure for a range of commercial uses.
The building is of traditional construction and provides flexible internal accommodation suitable for retail, office, trade counter, or potential alternative uses (subject to the necessary consents). The layout allows for efficient configuration and adaptation, making the property attractive to both owner-occupiers and investors seeking future growth or redevelopment potential.
Maryhill Road is a thriving commercial corridor, surrounded by a mix of independent retailers, national operators, residential developments, and local amenities. The area is well served by public transport links, with regular bus services and nearby rail connections, ensuring convenient access to Glasgow city centre and the wider Central Belt.
This property represents a rare opportunity to secure a versatile commercial asset in a popular and improving location, with strong fundamentals for income generation or capital appreciation.
PRIME DEVELOPMENT OPPORTUNITY: 1460 MARYHILL ROAD, GLASGOW, G20 9DQ
* Seldom seen for sale***
* 100% Prime West End Property
* Fabulous opportunity to acquire a large, spacious commercial building
* Former Maryhill Job Centre
* Great potential
* Prime West End location on Maryhill Road
* Prominent position on main road with great visibility
* Large volume of passing daily traffic
* Potential rents £80k per annum for the full building (potential annual rental yield of 14.55% based on guide price)
* Potential re-development opportunity with (STP)
* Professionally managed building
* Other alternative uses include: serviced offices, smaller commercial workshops, possible potential for residential, affordable housing, church hall, community let scheme, gymnasium... (all subject to planning)
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- Flat 3/2, 31, Napiershall St, Glasgow, G20 6EZ, 3 bedroom, SOLD AUG'25 - £750,000
- 20 Holywood Crescent, Glasgow, G20 6HJ, 6 bedroom, SOLD JUL'25 - £692,100
- 9 Holywood Crescent, Glasgow, G20 6HJ, Terraced, SOLD SEP'25 - £557,577
Positioned on Maryhill Rd, the subject property is located three miles north west of Glasgow City Centre on main arterial route to Bearsden. Access to the site is taken via Maryhill Road. The M8 motorway can be easily accessed at junction 16 travelling east and junction 17 travelling south. Public transport links are immediately available along Maryhill Road, and suburban railway stations are also within close proximity to the subjects. The surrounding area is in mixed use, with retail, leisure, residential and office accommodation in the vicinity of the subject site. Notable occupiers in the immediate vicinity include Tesco, McDonald’s, Subway and JD Gyms.
***Glasgow is the largest city in Scotland, and the city centre is busy and thriving, with no shortage of demand for office space***There are many transport links to and from the city, with the M8 motorway running through the centre and two large train stations, as well as multiple bus routes into and within the centre***Local amenities include a high number of restaurants, bars, nightclubs, theatres and cinemas***The M8 Motorway network provides easy access for commuting across central Scotland as well as Glasgow International Airport.***
GUIDE PRICE - £550,000
THE TRANSACTION WILL BE SUBJECT TO VAT AT THE CURRENT RATE.
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Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
EXCELLENT OPPORTUNITY TO ACQUIRE A PROMINENT COMMERCIAL BUILDING IN A WELL ESTABLISHED AND HIGHLY VISIBLE LOCATION WITHIN MARYHILL
***FULLY LET INVESTMENT***REFURBISHED INVESTMENT OPPORTUNITY***ASSET MANAGEMENT POTENTIAL***
Huge potential for residential / commercial development (STP). Rarely available premises.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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