Saturday, January 16, 2021

Wide ranging Scottish commercial properties up for sale

Scotland’s economic development agency asks property agents to market diverse properties

Scotland Enterprise, Scotland’s economic development agency, has instructed property agents to market wide ranging properties. It has asked real estate agents to offer a substantial and diverse portfolio. It has asked them to market all types of properties including large, potential development sites to small strips of land.

These small properties are located primarily in Glasgow and West of Scotland and other parts of the region which include Glasgow and West of Scotland as well as West Lothian, the Borders, Tayside and Fife. One such property includes a Livingston property which is spread over 35 acres. It is a site at Starlaw Park in Livingston, part of which is amenity land. Other properties in the portfolio include five roadside development plots varying between 0.5 acres and 2.5 acres in size. They will be marketed by Shepherd Chartered Surveyors, and cover properties of all sizes.

The properties to be marketed under the portfolio also include some roadside verges within Cambusland Investment Park. More properties to be marketed include a nine-acre site at Beardmore Way, Clydebank, located adjacent to the Golden Jubilee National Hospital and the former MOD site in Old Kilpatrick, close to the Auchentoshan Distillery comprising four developmental plots. The largest among these properties covers an area of 27 acres. According to selling agents, this property could be used for residential purposes. Other properties to be marketed include Brechin and two small sites in Dunfermline in the east of the county. In the south, a site in Stevens Croft in Lockerbie forms part of the portfolio. This property is spread over 12 acres and equipped with a Sustainable Urban Drainage System pond.

According to the head of agency at Shepherd in Glasgow, Sandy Lightbody, the properties to be marketed have a lot of potential. These have attracted the attention of a number of interested parties because of their developmental prospects. He said that some of the properties that are to be marketed are unique in some respects and have already caught the attention of potential investors. Those interested in the properties are seeing them as alternative investment opportunities after the required development on them takes place. Enquiries from potential buyers regarding certain properties are already coming in from house owners who are looking to extend their garden areas.

This article is for information purposes only.
Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.
There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

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