Location
Situated 7 miles to the West of Glasgow City Centre, the recently developed 'Ferry Village' riverside development at Braehead is ideally placed between Glasgow Airport and City Centre.
Braehead is served by two junctions of the M8 motorway, providing easy access to the Central Scotland road network. Glasgow Airport is situated 4 miles to the west of the site and offers access to national and international destinations. The Renfrew Ferry provides passenger transport between Renfrew and Glasgow City Centre, along the river Clyde. A regular bus service runs directly outside the site.
The popular Xscape entertainment complex (situated directly opposite the site), houses the UK's largest retail indoor snow slope, provides a number of additional leisure facilities such as a cinema, bowling and rock climbing, and there are also a number of restaurants and bars located within the complex.
The Opportunity
Prior to entering into administration, Best Braehead Ltd comprised a Joint Venture project by Gladedale (Northern Division) Ltd and Strathclyde Homes Ltd. Due to the enviable location and the quality of the build, the site was considered to be a flagship development within the Ferry Village. The sale of the site on behalf of the Joint Administrators, offers an excellent opportunity to completed an attractive development on a fully remediated and serviced site, with the ability to re-commence works quickly and the prospect of initial financial receipts from the completed and partly completed stock.
The original total site extended to circa 32 acres or thereby with planning consent in place for 495 units comprising of townhouses, mews, villas and apartments.
The remainder of the opportunity now offered for sale comprises of 27 acres of serviced development land; 9 completed properties; 12 partially completed units at finishing stage; 30 partially completed units at wind and water tight stage; and 20 partially completed units at mid-construction stage.
Planning
Renfrewshire Council granted Full Planning Permission (06/0171/PP and 06/0159/PP) in 2006 for the erection of residential development, comprising flatted, terraced and detached dwelling units with associated roads, car parking and landscaping costs.
Parties wishing to make their own detailed planning enquiries should contact Renfrewshire Council who can be contacted at:
Department of Planning and Environment
Renfrewshire Council, Renfrewshire House
Cotton Street, Paisley, PA1 1LL
Tel: 0141 842 5811
Fax: 0141 842 5040
Supporting Information
A detailed technical information pack is available upon request from the sole selling agents, Jones Land LaSalle. The technical information pack includes information on the following:
- Statutory Approvals
- Services Provision
- Appointments and Warranties
- Floorplans
- Site photographs
- Accommodation Schedules
- Road and Sewer Bond
This information is provided for reference only and cannot be warranted. Interested parties will require to carry out their own due diligence in this regard.
Offers
Offers are invited for our Client's heritable interest in the entire landholding, and such an offer would be considered more favourably. Offers for smaller lots may also be considered.
In the event whereby offers are submitted on a subject to planning basis, we would request that these are accompanied with full supporting information to enable Jones Lang LaSalle to assess the viability and deliverability of the proposal.
Proof of funding will also be required to accompany all offers submitted.
Each party will be responsible for their own legal costs with the purchaser responsible for any Stamp Duty Land Tax, VAT or registration dues incurred thereon.