Incredible investment opportunity in popular residential area 10 minutes from Glasgow city centre. Potential value on completion of £800,000+ and potential rental value on completion of £34,000 per annum!
Starting bid: £178,000.00
Item condition: New
Reserve price has not been met.
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Incredible development opportunity with planning approved on Motherwell Road Bellshill!
144 Motherwell Road had planning approved for conversion of the site into a luxury six bedroom family residence. The current building on site is a four bedroom property with two downstairs bedrooms and two upstairs bedrooms. The property also has a lounge, kitchen and family bathroom. The property was recently fire damaged and so some alterations may need to be made with the planning authority to the planning application however it presents a blank canvas to put your own stamp on the redevelopment. Preliminary discussions with the local council have indicated support in principle for an alternative scheme to demolish the existing house and develop two side-by-side four-bedroom homes, either detached or semi-detached, subject to formal planning approval – giving buyers the flexibility to pursue the option that best suits their vision.
Bellshill sits only 10 minutes from the centre of Glasgow by road and has excellent public transport links by both bus and train making it a popular destination for commuters into the city centre.
Local house sales in the area of similar size of the intended redevelopment are as follows:
62 Jerviston Road, Motherwell – £430,000
83 Bellshill Road, Uddingston – £545,200
4 Campbell Crescent, Bothwell – £460,238
(Rightmove sales history)
Similarly the demand for rental properties in the area is incredibly high. 4 bedroom houses rent to an average of £1,457. If the site was developed into two separate 4 bedroom house this would provide a monthly return of £2,914 or £34,968 per annum!
If you would like to know more about this property please contact one of our property managers.
Be Brave…Follow your heart.
The seller of this lot has indicated that pre-auction offers will be considered. An offer can be submitted by click on the button below and completing the form.
A member of our sales team will contact you following the submission of your offer. If your offer is accepted then you will pay the required deposit to secure the lot today.
