Site with plans for hundreds of homes and student beds to be brought to market
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The cleared site has two planning consents for residential-led development, allowing for the delivery of build-to-rent or purpose-built student accommodation, with ground floor retail space and residents' amenities.
A “prime” 2.39-acre development site on Finnieston Street will be brought to market by global real estate adviser, CBRE, alongside Scarlett Land & Development.
The cleared site has two planning consents for residential-led development, meaning it could be used to deliver build-to-rent (BTR) or purpose-built student accommodation (PBSA).
The first consent provides for 394 BTR homes across two buildings, while the second allows for a 169-home BTR block alongside a 567-bed PBSA block. Both schemes incorporate ground floor retail space and residents’ amenities, with the site offered as a whole or as two separate plots.
CBRE and Scarlett Land & Development are inviting offers for the whole site or individual plots.
The cleared sites formerly were utilised as a car showroom.
David Smith, Executive Director at CBRE, said: “Finnieston Street offers a rare opportunity to secure a cleared site with planning already in place, in one of Glasgow’s most sought-after neighbourhoods. Finnieston has flourished over the last decade, and with fresh investment planned at the neighbouring SEC, its momentum shows no sign of slowing. Opportunities like this, with the very best of the West End on the doorstep, rarely come to market.
“We are pleased to be marketing what is one of the most compelling development opportunities in Glasgow right now, and we anticipate a strong volume of interest from prospective buyers.”
Will Scarlett, Founder and Director at Scarlett Land & Development, said: “Whilst there are other consented sites available in Glasgow, the strength of location in Finnieston propels this site to the top of those suitable for living sector uses.”