Land For Sale £40,000
Shawlands G41

ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)

Shawlands is an affluent area of Glasgow, with a predominantly tenement flatted residential aspect. Recent sales of property include 11 Tassie Street Flat 1/1 at £195,000; 65 Tassie Street, Flat 1/1 at £247,111; 15 Tassie Street, Flat 3/2 at £240,000 These are a mix of 1 and 2 bed flats, none of which have private parking or access to any designated parking whatsoever. Given the large number of cars in the area, parking is at a premium. The land for sale may be suitable for Private Parking development (as well as a number of additional considerations), with a bay ranging in value from between £18,000 (standard bay) and £24,000 (electric bay). Around 25 spaces can be accommodated, meaning an end value of between £450,000 and £480,000, with 5 electric bays. Bays can be assigned directly to the purchaser, with an immediate increase in property value, making the purchase more of an investment than a cost. The additional value extends to a reduction in car insurance premiums, as well as the security of a private, secure parking space. Topographical and Land Surveys have been completed on site, showing the feasibility of removing the predominately dead or decaying trees. The land is mostly flat, with direct road access from Tassie Street itself. Currently gated, and padlocked, with this to be removed and replaced with a secure barrier, maintained by a suitable factor. Drawings for the development have been completed, ready for submission. This is, of course, only one option for development. The site is also large enough to accommodate a block of student accommodation, or any other development the purchaser wishes to consider, subject to approval.

Auction Details
11 January 2024, 10am-3pm
Timed Online Auction

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