Large blank-site investment with clear redevelopment upside.
4000 sq ft vacant plot providing redevelopment potential
A 4,000 sq ft vacant plot in Glasgow offered at an attractive guide price, presented for auction. The site previously held full planning permission for a warehouse storage unit; that permission is not current and any new build will require fresh approvals. Tenure is unknown and the lot will sell at auction, so buyers should factor in auction conditions and timescales.
The plot is overgrown and untended, giving a straightforward blank canvas for redevelopment or bespoke construction. Broadband speeds and mobile signal are reported as good, which supports a variety of end uses from light industrial to a self-build home subject to planning. The location is in an area classified as very deprived, which affects comparable values and may influence planning outcomes and end-market demand.
This opportunity suits investors or developers looking for a short-term value play or longer-term redevelopment project. Key positives are size, previously granted planning for warehouse use, and a low entry price. Key risks are the need to secure new planning consent, unknown tenure, auction sale process, and local area deprivation.
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