Summary - 293, BANK STREET ML5 1EG
1 bed 1 bath Land
Affordable development site with parking rights and excellent transport links.
Access approved by North Lanarkshire Council for town-centre development
A compact town-centre plot in central Coatbridge offered as freehold (title LAN139411) with vehicular access via the close at 295 Bank Street. The site includes a back yard area with the right to park four vehicles and sits immediately behind Bank Street properties and nearby commercial premises. Local planning authority notes access approved; the plot is marketed as a town-centre development opportunity and may suit mixed residential or commercial schemes subject to consents. A mining report has been obtained for the site.
This lot will be sold at auction with a deadline of 07 November 2025. The location benefits from town-centre amenities, nearby primary/secondary schools, and good rail links into Glasgow and Edinburgh (Kirkwood and Coatbridge Central stations). Fast broadband and excellent mobile signal support a range of occupier types; proximity to the M8 motorway improves regional connectivity.
Important practical matters: the immediate area is identified as very deprived and the plot sits to the rear of existing early-20th-century properties, one of which includes a worn, derelict garage and external maintenance issues. Any redevelopment will require planning consents for change of use and full compliance with North Lanarkshire Council requirements. Tenure details recorded here are limited; buyers should verify tenure, boundaries and rights of access, and carry out their own due diligence including site investigation and confirmation of mining-report implications.
This parcel will appeal to developers or investors seeking an affordable, central redevelopment opportunity with approved access and clear parking rights. It presents a low entry price relative to its central location, but purchasers should budget for remediation, consent processes and potential abnormal costs before committing.
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