Property Information
Address:
2 Abbotsford Road, Clydebank
, G81 1PA
Price: Property no longer available.
Size: 782000 sq ft72650 sqm
Primary Category: Investment
All Categories:
Investment, Shop,
Property Ref/Movehut: MH594891
Property Ref/Agent: 2 Abbotsford Road, Clydebank, G81 1PA
*Please use the agent ref when calling the agent directly.
Property description
LOCATION
The offer site is owned by West Dunbartonshire Council and is located within Clydebank Town Centre, adjacent to the existing Clyde Shopping Centre.
The property is bounded to the east by Argyll Road, to the south by Chalmers Street and to the north by the Forth & Clyde Canal. The western boundary is adjacent to the rear of the existing retail activity at the southern end of the Clyde Shopping Centre.
Abbotsford Road bisects part of the western end of the site on a north/ south axis.
The property is shown on the location plans. The boundaries shown are indicative only and are subject to final confirmation with the preferred bidder.
A 15 year, £400 million public-private investment programme is underway that will result in the physical transformation of Clydebanks riverside and town centre, and ensure that the town is repositioned as a creative, distinctive and successful regional centre within the Glasgow metropolitan area.
The redevelopment of the Playdrome site is integral to the wider design-led regeneration.
DESCRIPTION
The property comprises a level site totalling approximately 8.58 acres (3.47 hectares), currently occupied by the Playdrome Leisure Centre, along with associated surface car parking.
PLANNING & DEVELOPMENT
The site is located in Clydebank town centre and is currently zoned for retail, leisure and commercial use as defined within the West Dunbartonshire Local
Plan 2010 Ref policy RET 4 (2).
Outline Planning Consent was granted in 2004 for the site for development of a Class 1 Foodstore of 84,000 sq ft (7,804 sq m); Retail units extending to 2,500 sq ft (232 sq m); petrol filling station and associated car parking. This planning consent has now lapsed and any proposals for the site will require a new, separate planning application.
Preferred uses envisaged for the site include Retail, Leisure, Restaurant, Drive Thru and other commercial uses complementary to the existing provision.
West Dunbartonshire Council actively discourage any proposals which are residential-led in terms of use, however, a smaller complementary housing element may be considered as part of a wider commercial-led development proposal. Any proposed development should allow for continuing pedestrian and vehicular access, during and after construction to Abbotsford Church, Dalmuir Credit Union, 3 Queens Square, and to the service yards which give access to the rear of the Clydebank Co-operative building and the rear of the existing Clyde Shopping Centre units on Sylvania Way South, on the western boundary of the site.
Continued service access from Chalmers Street for existing and new retail interests would be acceptable, although it is envisaged that shopper vehicular access to the new development will be taken from Argyll Road.
Should interested parties require further Planning information on the site, they should satisfy themselves in discussion with the Development Management team at West Dunbartonshire Council. Contact details are available through the selling agents.
METHOD OF DISPOSAL
Vacant possession of the site will be delivered on completion of the replacement leisure facility which is currently under construction at nearby Queens Quay, with a current estimated completion date of Q2 2017. This estimated date is subject to change dependent on external factors.
It will be the responsibility of the Purchaser to carry out demolition of the Playdrome building and associated site clearance at their entire cost.
OFFERS
Competitive offers are invited for the heritable interest in the Playdrome site.
WDC is seeking to obtain a premium (capital receipt equivalent) for a 125 year lease and a peppercorn rent of £1 per annum, with an option for developers to purchase the heritable interest after practical completion of the development. In addtion, WDC is also seeking bids for completion of the project on the basis of a 125 year ground lease, with a rent geared to rental performance of the development.
Bidders for the development must deliver the following as a minimum:
- Capital receipt or geared rental on a ground lease basis
- Retail / Leisure uses proposed
- Public realm enhancements associated with the opportunity site
- Demolition of remaining buildings within the development boundary; and
- Development appraisal and full funding confirmation and model
WDC is proposing to include a period of controlled dialogue with interested developers during the bidding process, prior to submission of bids. There may be a requirement to meet with the Council and their appointed representatives.
All proposals should be submitted in standard legal form and must contain a Design Statement supported by layouts, elevations and details of proposed materials.
Offers will be assessed for a variety of criteria including design quality, contribution to wider regeneration objectives and price. The sellers reserve the right to request further details in relation to specific bidders proposals.
There is no obligation on the sellers to accept the
highest offer, or indeed to accept any offer.
VALUE ADDED TAX
The sale will be subject to Value Added Tax (VAT) and other taxes due in respect of the transaction.
RATEABLE VALUE
£469,500.
TECHNICAL INFORMATION
All available supporting technical including Ground Condition Report, Services Information (Telecom; Electrical Waste Water; Water; Gas and Lighting), Title Plan etc, are available through the Colliers International portal. Full access to this information will be made available to qualifying parties through the selling agents.
CLOSING DATE
Formal offers are invited to be received by 12 noon, Friday, 23 September 2016. Further details will be advised to interested parties who have registered a formal written note of interest with Colliers International.
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