Price Offers in excess of £850,000 The vendors’ preference is for clean, unconditional offers based on the existing planning consents, without reliance on obtaining further or amended planning permission. Such offers will be viewed favourably.

EPC Rating This property has been set as EPC exempt.
Reason: Currently being constructed or undergoing major refurbishment

Description

The subjects comprise a substantial residential development opportunity extending to approximately 6.45 hectares (16.12 acres) in total, arranged over two adjoining sites.

The principal site extends to approximately 5.80 hectares (14.43 acres) and incorporates the former Greyfriars Monastery, a Category B Listed building which has suffered fire damage and is now in a derelict condition. The building comprises a former monastery with associated wings and extensions, including a former church section. The site also includes a Listed walled garden, areas of garden ground, a former courtyard and a separate residential cottage.

The grounds extend towards the River Clyde, providing an attractive setting for the proposed residential development. There are also a number of ancillary outbuildings within the grounds, which are in a poor state of repair.

An additional site to the east extends to approximately 0.65 hectares (1.69 acres), forming part of the overall development opportunity.

The property presents an opportunity to deliver a residential scheme combining the conversion and restoration of a historic listed building with new-build housing, subject to the relevant planning requirements and obligations.

Planning

Planning permission in principle was granted on 18 May 2023 under reference HM/15/0466 for residential development comprising 19 new-build houses. The consent is subject to the formalisation of a Section 75 Agreement, which is intended to secure the development of the Listed Building and financial contributions towards community facilities, including education and affordable housing.

Separate planning and Listed Building Consent were also granted in May 2023 for the conversion and extension of the former monastery to form 10 flatted dwellings.

The approved new-build element comprises a mix of 19 houses across three house types, with accommodation ranging from approximately 170 sq.m (1,830 sq.ft) to 300 sq.m (3,029 sq.ft), subject to confirmation of the approved plans.

The development is subject to a phased delivery programme linking the construction and sale of the new-build houses to safeguarding works and the conversion of the Listed Building. Prospective purchasers should familiarise themselves with the planning consents, associated conditions, Section 75 obligations and phasing requirements, and make their own enquiries with the relevant planning authority.

Full planning documentation and approved plans should be reviewed by interested parties as part of their due diligence.

Proposal

Offers Over £850,000 are invited for the subjects. The vendors’ preference is for clean, unconditional offers based on the existing planning consents, without reliance on obtaining further or amended planning permission. Such offers will be viewed favourably.