11, 13, 15, 17 Merry Street, Motherwell, 17 Merry Street, ML1 1JJ

Description

• PRIME NEW ENTRY. We are excited to bring to market this fantastic commercial to residential development Opportunity, located within a prime location in Motherwell.

• 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.

• **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**

• 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 Lanarkshire Council. 

• 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. 

We are excited to bring to market this excellent Commercial Development Opportunity, located within a prime location in Motherwell

Property comprises:4 offices over 2 floors. Planning previously in place for conversion into 7 flats - PLANNING REF:

Building has potential to convert into 7 residential units, subject to gaining necessary planning permissions from North Lanarkshire Council. The local area has seen some great residential sales recently showing strong demand.

**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**

If planning is reinstated, building has a potential GDV of £805,000 based on 7 flats at £115,000 each.

Property could lend itself for other uses, subject to gaining necessary planning consents. 

Property is due for our next timed online auction, and is priced for an auction sale. Open to early offers. To make a pre-auction offer, or register for the live auction, please contact the team to get set up. 

Location

Motherwell is a well-connected town about 15 miles southeast of Glasgow that attracts both residents and property investors because of its affordability, transport links, and strong local amenities. Historically an industrial centre tied to the steel industry at Ravenscraig Steelworks, the town has since evolved into a commuter hub with quick access to Glasgow and Edinburgh via the West Coast Main Line and nearby motorways like the M74 and M8. People choose to live here for its family-friendly neighbourhoods, green spaces such as Strathclyde Country Park, and comparatively lower house prices than Scotland’s major cities. 

Map

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.