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7-9 Merry St
Motherwell ML1 1JJ
Office Property For Sale
Investment Highlights
- PRIME NEW ENTRY. We are excited to bring to market this fantastic commercial to residential development Opportunity, located within a prime location in Motherwell.
- Residential Sales Evidence: 37 King Court, Motherwell, ML1 3FW Previously sold for £118,000. 12, The Mount, Motherwell, ML1 3SW Previously sold for £125,500**.
- Property is situated in a prime main street location in Motherwell, just 4 minutes from Motherwell Train Station and is a 26 minute drive from Glasgow City Centre.
- Property previously had planning approved which has now lapsed, planning reference:14/01376/FUL. Potential for conversion from 4 offices to 7 flats, subject to planning permission being reinstated. HUGE DEVELOPMENT POTENTIAL.
- If converted into flats, subject to reinstating planning permission, property could potentially achieve GDV of £805,000 based on 7 flats at £115,000 each. Property could lend itself for other uses, subject to gaining necessary permissions from North Lanar
Property Facts
Property Type
Office
Building Size
19,416 SF
Building Class
C
Year Built
1910
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,472 SF
Building FAR
0.91
Lot Size
0.49 AC
Amenities
- Storage Space
1 of 1
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