Sold Prior | Lot 19

55, Glasgow Road, Rutherglen, Glasgow, South Lanarkshire, G73 1LJ

Sold Prior

  • Commercial Development
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 30/01/2020

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Commercial Development

Excellent commercial development opportunity to purchase the former O'Learys Bar at 55 Glasgow Road, Rutherglen. The premises were fire damaged in 2011 and will require extensive works. Set over three floors as well as an area of ground to the rear, the premises may be suitable for a change of use such as commercial with potential for residential units subject to local planning and consents. Given the opportunity on offer, high interest levels are expected.

Tenure

Freehold

Former public house

Fire damaged premises

Requires extensive renovations

Good development opportunity

Popular area

Set over three levels

Ground to rear

Area

The subjects are situated on Glasgow road, a prominent location close to Rutherglen Town Centre. The surrounding locality comprises a mix of commercial, residential and retail occupiers. Rutherglen is located within the South Lanarkshire region, approximately 6 miles south of Glasgow city centre and has a resident population of around 25,000+ persons. The suburb has excellent road and public transport connections, particularly since the completion of the M74 motorway extension, which provides direct access to Glasgow city centre. Rutherglen also has a rail link providing services to Glasgow and the surrounding Lanarkshire towns.

Local Authority

South Lanarkshire Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.