Drumfrochar Rd
Greenock PA15 4JY
Development site · Land For Sale · 5.20 AC

This prime historic site in Greenock is new to the market, providing purchasers with a range of opportunities to develop a potential residential or commercial development site (subject to securing appropriate statutory consent). The subjects extend to approximately 2.11 hectares (5.2 acres), having originally formed part of the former Tate & Lyle sugar refinery which closed in 1997. Historically, the subjects were intended to form Phase 3 of the Kirkton Farm development, with Phases 1 and 2 constructed in the early noughties and now forming Old Kirk Loan. An access road has been left in place from Lynedoch Street, located adjacent to M&J Timber. The site itself is rectangular, with short tails at the top east and west sections, and occupies an elevated position that enjoys open aspects of the River Clyde and Greenock town centre. Bowman Rebecchi has a recent Site Investigation survey available, as well as drawings showing a potential social housing scheme creating 72 units. A Topographic survey is also available to share with interested parties. LOCATION Greenock is located approximately 20 miles west of Glasgow with a residential population of over 50,000 persons and a core catchment population of approximately 270,000 persons. The subjects occupy an attractive elevated position on the eastern side of Drumfrochar Road in Greenock, which can be accessed from Baker Street, Lynedoch Street or Dunlop Street. Other enterprises are close by, including the Pelagia fish plant which is currently being redeveloped as well as M&J Timber. Drumfrochar Industrial Estate is further along Drumfrochar Road with Broomhill Community Gardens and the new £1.8m food and drink hub - Baker Street - located on the corner of Drumfrochar Road and Baker Street. Greenock Central Railway Station is a 10-minute walk providing regular train services to and from Glasgow Central Station and Gourock, with adjoining services to Wemyss Bay and Paisley. Greenock's town centre is a 10-minute walk. ACCOMMODATION We would summarise the subjects as under noted: Total Site Area - 2.11 hectares - 5.2 acres. TERMS Rates - The property is still to be split on the Assessor's website. We note the subjects are in the current Valuation Roll with a Rateable Value of £48,500 for the entire site. EPC - Available upon request Entry - Our client is flexible to accommodate requests. PRICING Offers are invited for the purchase of our client's freehold in the property in the region of £600,000. Parties should register their interest in writing to Bowman Rebecchi. LEGAL COSTS Each party will be responsible for their own legal costs incurred during the transaction with the purchaser being responsible for payment of Land and Building Transaction Tax For further information concerning the opportunity, please contact Bowman Rebecchi.