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Previous Auction Lot

From Auction held in September 2020
Lot 4

1-3 SOUTH CIRCULAR ROAD, COATBRIDGE, ML5 3AR

Vacant Former Government Offces with Asset Management or Development Potential Subject to Planning Approx 2,500 sq.m (27,000 sq.ft) City Centre location

Location

Coatbridge is in North Lanarkshire Region, in the central Lowlands of Scotland, with a resident population of 41,000. It is approximately 8.5 miles east of Glasgow City Centre although Coatbridge is generally regarded to be part of the Greater Glasgow Urban Area.

South Circular Road is the main thoroughfare running west to east and the premises are situated in a prominent location, on the north side of the road, just on the roundabout accessing Main Street and Coatbridge Street (A725). Neighbouring traders include a Tesco Extra, incorporating an Argos, McDonalds, Asda Superstore, the Faraday Retail Park and the Quadrant Shopping Centre.

The location is well served by bus services to neighbouring towns, Airdrie, Bellshill and Glasgow. Coatbridge Central railway station is a short walk away.

Description

This is an attractive, three storey offce building, with brick, glass and zinc façade, in landscaped grounds and with a 52 space car park. Previously, the building was a Government Work and Pensions offce and although now vacant, the building appears to have been well maintained and is in reasonable condition both inside and out.

The building can be accessed through entrances on either the west or east gable and the entrance lobbies provide stairs or lift access to the ground and the two upper foors.

There is currently a mix of open plan and partitioned cellular offce accommodation on all three foors and each of the foors provide male and female toilets and a kitchen / canteen. There are suspended ceilings incorporating strip lighting panels and air handling units. The concrete foors are covered in carpet tiles and walls are painted plaster throughout.

There are asset management opportunities to relet the premises as an offce or alternatively there may be an opportunity to convert to an hotel or other commercial uses, subject to planning.

Accommodation

Approximate Net Internal Areas:

Location sq.m. sq.ft.
Ground Floor 847 sq.m 9,117 sq.ft.
First Floor 851 sq.m 9,160 sq.ft.
Second Floor 845 sq.m 9,095 sq.ft.
Total Floor Area 2,543sq.m 27, 372 sq.ft.

Site Area

Approx site area - 0.283 Ha (0.7 Acre).

Planning

Interested parties should put their own enquires to North Lanarkshire Council Planning & Regeneration Development Management, Fleming House, 2 Tryst Road, Cumbernauld G67 1JW or Tel: 01236 632500.

Rateable Value

£275,000.

EPC

Band D

Tenure

Owner Vacant Possession.

Viewing

By arrangement with the Auctioneers, SVA Property Auctions Ltd. Please email in the frst instance: info@sva-auctions.co.uk




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