BROOMIELAW MILLS
Project Value: potential GDV could be £200m+ Investment Type: Development land for sale Location: Glasgow City Centre (Washington Street, Glasgow G3 8AZ) Landowner: Private Family Office Fund Timescale: Available now Status: The site is being offered to the market For Sale
PROJECT OVERVIEW
Prime development opportunity in Broomielaw Mills, Glasgow’s vibrant waterfront – where offices, hotels, residential, and leisure uses blend together seamlessly. The cleared site totals approximately 0.73 acres (0.29 hectares).
Glasgow's Broomielaw is an exciting and vibrant waterfront destination. Broomielaw Mills has clear potential to bring forward a significant, high-quality urban development with an enviable waterfront location and excellent connectivity to Glasgow City Centre.
INVESTMENT OPPORTUNITIES
· Discover a rare opportunity to secure a prime development site on Glasgow's vibrant waterfront fronting the River Clyde.
· Currently used as a car park, this cleared site has potential to bring forward a significant urban development adjacent to Kingston Bridge.
· Take advantage of the UK's largest rail network outside of London and enjoy excellent accessibility to the site from nearby train stations.
· This significant development opportunity extends to approximately 0.73 acres (0.29 hectares), offering excellent development potential.
· Potential site uses include; purpose built student accommodation, BTR, co-living, residential for sale, hotel, office, and leisure uses.
· Offers are invited, subject to missives and exclusive of VAT, for the Heritable interest in the property.
STATUS UPDATE
The site is being marketed For Sale via agents MC2.
Offers for the Heritable Interest (Scottish equivalent to English Freehold) are invited for the whole site. Subject to planning offers will be considered.
Site ownership or control is secured
Lot size: 0.73 AC
Offers for the Heritable Interest (Scottish equivalent to English Freehold) are invited for the whole site. Subject to planning offers will be considered.
The project caters for a market with identifiable demand
Potential site uses include PBSA, BTR, co-living, residential for sale, hotel, office, and leisure uses.
Proposed use is identified or permitted in planning
There are no land-use based policies which restrict use. The site is within 500-metres of the River Clyde, which is designated a national development by the Scottish Government’s approved National Planning Framework 4 (February 2023), with the aim to revitalise a major waterfront asset which is currently under-utilised. Mixed-use developments, including residential, which redevelop brownfield land are supported. This note will provide an overview of adopted and emerging policy, alongside other material considerations, which point to support for regeneration and intensification of development on this site with buildings of height and scale for various uses (subject to design and compliance with technical policies).
The site is located within an exciting area of change within Glasgow City Centre. It can be developed as a stand-alone opportunity or as part of a wider masterplan for a range of uses, creating a destination within the city. Further information is available from Teri Porter MRTPI, Porter Planning. 07832 207 326 or teri@porterplanning.com
The project offers a potentially acceptable investment return
Subject to obtaining relevant planning permission(s), the opportunity exists to create a tall building with waterfront views across the River Clyde.
The project is near market and investor-ready
Adjacent to Kingston Bridge, the site presents the ideal opportunity to secure prime development land in a rarely available city centre location. Fronting the River Clyde, the land comprises an exciting and vibrant waterfront destination which has seen significant development in the last few years. The Argyle Street Avenues Project, Barclays Campus, The Stores, Summix Central Quay, and Platform are just some of the latest activities in this thriving area.
MORE INFORMATION
Andy Cunningham
Founder, MC2 email: andy@mc2-offices.com tel: +44 (0)141 266 0717
