PRIME CITY CENTRE EXCEPTIONAL DEVELOPMENT OPPORTUNITY

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Lee Stokes
6 years ago
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1 PRIME CIY CENRE EXCEPIONAL DEVELOPMEN OPPORUNIY PI SREE, GLASGOW G2 4JS

An exceptional opportunity for the redevelopment of this major city centre site which is suitable for a variety of alternative uses, subject to planning.

2 An exceptional opportunity for the redevelopment of this major city centre site which is suitable for a variety of alternative uses, subject to planning. PLANNING he site lies within the Principal Office Area as designated in the adopted City Plan 2, and as part of a Strategic Economic Investment Location in the emerging local development plan (LDP). Redevelopment for office use would be supported in principle. Complementary city centre uses such as hotel, student accommodation, other residential (for sale/rent) and supporting commercial uses (such as retail, food/drink) are also likely to be supported by the city council. A mix of uses is likely to be acceptable. Development would need to meet current technical planning standards (e.g. parking, open space) and would need to fully address placemaking and design policies and objectives. City Plan 2 development guide DG/DES5 would apply in this respect, as would Policy CDP1 (and associated Supplementary Guidance) in the emerging LDP. he city council will require proposals to fully address the site context, including the relationship to the nearby conservation area and listed buildings, the surrounding building datum and typology, and streetscape. A detailed planning note is to be issued to provide further guidance to bidders and can be downloaded from the Data Room.

REE WE LL SREE 2 Ibis Hotel 3 Novotel 4 Blythswood House 5 Dakota Hotel 6 Malmaison 7 Blythswood Square 8 Blythswood Square Hotel 9 Aurora Building 10 Central Station 11 Bothwell Exchange 12 Marriot

3 LOCAION he site lies on the western periphery of the city centre, a short distance from the M8 motorway. he surrounding area contains a mix of uses including office, hotel, leisure and residential properties. REE WE LL SREE 2 Ibis Hotel 3 Novotel 4 Blythswood House 5 Dakota Hotel 6 Malmaison 7 Blythswood Square 8 Blythswood Square Hotel 9 Aurora Building 10 Central Station 11 Bothwell Exchange 12 Marriot Hotel 13 Hilton Glasgow 14 St Vincent Plaza 15 Santander 16 Scottish Power HQ 17 Charing Cross Station 18 Premier Inn 19 NCP 20 King s heatre 2 1 BAH 173 Pitt Street EE 1 11 SR PI SREE EE 6 H BO 5 SR WES REGEN SREE SAU CHI EHA L L S 7 EN 3 9 INC SA NAV G2 4JS 8 S V 4 10 RGE SREE WES GEO he site is bounded by Pitt Street, West Regent Street, West George Street and Holland Street. Charing Cross low level railway station is within 5 minutes walk and a number of bus routes are in close proximity HOLLAND SREE J19 18 M8 17

BROOMIELAW CLYDE SREE RIVER CLYDE DESCRIPION he property comprises two adjoining interlinked office buildings providing accommodation which is mainly cellular in nature and is arranged in a doughnut

4 BROOMIELAW CLYDE SREE RIVER CLYDE DESCRIPION he property comprises two adjoining interlinked office buildings providing accommodation which is mainly cellular in nature and is arranged in a doughnut configuration around a landscaped open courtyard. here are two main pedestrian entrances on Pitt Street and Holland Street. We understand that the Gross Internal Area of the building is approximately 17,442 sq m (187,746 sq ft) excluding the garage and out buildings. he total site area is acres (0.55 ha). he buildings benefit from 148 car parking spaces located on the ground and underground levels. In addition there is a loading bay which is accessible from West Regent Street. SIE PLAN SCHEDULE OF AREAS Floor areas are indicative and are not warranted. Interested parties will require to satisfy themselves in respect of measurement and calculation of floor areas. YPICAL FLOOR PLAE EPC he property has an EPC rating of E. RAEABLE VALUE he property has a Rateable Value of 1,400,000. HOLLAND SREE PI SREE Floor Sq M Sq Ft , , ,931 53, ,457 37, ,294 35,457 LEGAL COSS Each party will be responsible for their own legal costs and the purchaser will be responsible for the payment of any Land and Building ransaction ax and Recording Dues incurred in the transaction. 5 2,821 30, ,171 12,605 otal (GIA) 17, ,746

5 PI SREE, GLASGOW G2 4JS VA Any intending purchaser will require to satisfy themselves as to the incidence of VA in respect of any transaction DAE OF ENRY On vacant possession of the property, with the date to be confirmed and agreed between the parties. VEING Prior to entering into any legal agreement for the sale of the subjects pursuant to any offer received in response to this marketing exercise, in order to comply with Anti Money Laundering Regulations and in fulfilment of the policing principles, bidders will be subject to vetting. Further information on the vetting procedure is available in the Guidance for Bidders document which can be downloaded from the Data Room. DAA ROOM Interested parties can request access to a dedicated electronic Data Room, via Ryden, containing copies of floor plans, planning information and technical information, which will assist parties in formulating their proposal for the property and should reduce the conditionality of bid submissions. CLOSING DAE & BID PROCESS he bid process is set out within the Guidance for Bidders document which can be downloaded from the Data Room or by request at pittstreet@ryden.co.uk. Interested parties should also register their interest in the property at pittstreet@ryden.co.uk he Scottish Police Authority is seeking best bids for its outright ownership in this development opportunity and will consider both conditional and unconditional offers. 173PISREE.COM VIEWING & FURHER INFORMAION Viewings will be arranged on a regular basis. Access will be by way of prior arrangement. o be advised of viewing dates pittstreet@ryden.co.uk Mandy Watson Roy Alexander July 2015 Messrs Ryden LLP for themselves and for vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden LLP has any authority to make or give any representation or warranty whatever in relation to this property.

LAURIESTON 50/53 CARLTON PLACE GLASGOW G5 9TW FOR SALE UNIQUE DEVELOPMENT OPPORTUNITY

LAURIESTON 50/53 CARLTON PLACE GLASGOW G5 9TW FOR SALE UNIQUE DEVELOPMENT OPPORTUNITY LAURIEON 50/53 GLAGOW G5 9W HOUE FOR ALE UNIQUE DEVELOPMEN OPPORUNIY - Magnificent A listed building which is arguably the most ornate Georgian townhouse in the United Kingdom - Forming part of a neo classical