Land, 14 Macdowall Street, Johnstone, Renfrewshire, PA5 8QL

Offers around £195,000 - Mortgage funding available

A residential or residential/commercial development site (STPP), drawings for 14 apartments available.

Land, 14 Macdowall Street, Johnstone, Renfrewshire | McEwan Fraser Legal | Estate Agents Edinburgh
Land, 14 Macdowall Street, Johnstone, Renfrewshire | McEwan Fraser Legal | Estate Agents Edinburgh
Land, 14 Macdowall Street, Johnstone, Renfrewshire | McEwan Fraser Legal | Estate Agents Edinburgh
Land, 14 Macdowall Street, Johnstone, Renfrewshire | McEwan Fraser Legal | Estate Agents Edinburgh
Land, 14 Macdowall Street, Johnstone, Renfrewshire | McEwan Fraser Legal | Estate Agents Edinburgh
Land, 14 Macdowall Street, Johnstone, Renfrewshire | McEwan Fraser Legal | Estate Agents Edinburgh
Land, 14 Macdowall Street, Johnstone, Renfrewshire | McEwan Fraser Legal | Estate Agents Edinburgh
Land, 14 Macdowall Street, Johnstone, Renfrewshire | McEwan Fraser Legal | Estate Agents Edinburgh
Land, 14 Macdowall Street, Johnstone, Renfrewshire | McEwan Fraser Legal | Estate Agents Edinburgh
Land, 14 Macdowall Street, Johnstone, Renfrewshire | McEwan Fraser Legal | Estate Agents Edinburgh
0 bedroom property in Johnstone | McEwan Fraser Legal | Solicitors and Estate Agents 0 Bedrooms
Property with 0 public rooms | McEwan Fraser Legal | Solicitors and Estate Agents 0 Public Rooms
Property with  0 bathrooms | McEwan Fraser Legal | Solicitors and Estate Agents 0 Bathrooms

Planning

Planning permission was previously granted on the 13th May 2008 (08/0119/PP) for the erection of ten apartments, a commercial unit, access road and parking, however, this planning has since lapsed. New drawings have been produced to construct two separate blocks, comprising of 14 one and two bedroom apartments with parking, drawings included. It should be noted that these revised plans have not been submitted to Renfrewshire Council for approval. It is also assumed that the site has no onerous burdens or restrictive servitudes within the title.

Gross Floor Areas for the proposed drawings are as follows:

Block A - 6 Apartments
2 x Two Bedroom Apartment - 60.42 Sq M
4 x Two Bedroom Apartment - 50.92 Sq M

Block B - 8 Apartments
3 x One Bedroom Apartment - 50.92 Sq M
1 x One Bedroom Apartment - 44.86 Sq M
1 x Two Bedroom Apartment - 53.43 Sq M
3 x Two Bedroom Apartment - 56.83 Sq M

14 Apartments in total

17 Parking Spaces

Residential Sales Value

Due to the popular location we feel demand will be high for these units, once constructed, and if planning is approved. We have carried out our own market research and spoken to a local chartered surveyor and would suggest the following re-sale valuations. Valuations are based upon the revised drawings that have not yet been submitted to Renfrewshire Council for approval.

Block A
2 x Two Bedroom Apartment - 60.42 Sq M
£105,000 x 2 = £210,000

4 x Two Bedroom Apartment - 50.92 Sq M
£100,000 x 4 = £400,000

Block B
3 x One Bedroom Apartment - 50.92 Sq M
£85,000 x 3 = £255,000

1 x One Bedroom Apartment - 44.86 Sq M
£82,500 x 1 = £82,500

1 x Two Bedroom Apartment - 53.43 Sq M
£105,000 x 1 = £105,000

3 x Two Bedroom Apartment - 56.83 Sq M
£107,500 x 3 = £322,500


TOTAL (Potential) GDV = £1,375,000


Services

We believe that all main services are located in the vicinity of the site. There are residential dwellings in the locale, which all have access to services. However, prospective purchasers should make their own enquiries with the appropriate service providers.

By appointment through McEwan Fraser Legal on 0141 404 5474

McEwan Fraser Legal are open 7 days a week: 8am - Midnight Monday to Friday & 9am - 10pm Saturday & Sunday to book your viewing appointment.

If you are interested in a property we have available for sale and have your own property to sell, we can refer you to Haddington Estates (who operate independently of McEwan Fraser Legal). They can offer you a guaranteed cash offer for your own property through this unique Part Exchange option which may allow you to sell your property quickly and easily without any Estate Agency fees or advertising costs. This allows you to make an offer for any property on our site safe in the knowledge that your existing house has a firm legal offer.

Please contact us for further details or complete the Part Exchange form. Remember your dream home could be only a phone call away 0131 524 9797.

McEwan Fraser Legal are working closely with authorised mortgage brokers in order for our clients to obtain mortgage funding (see terms and conditions, which normally apply, below)

  • Aged 18+
  • You are in permanent employment
  • Self Employed usually need to have 2 years accounts available
  • Permanent right to reside in the UK
  • You have no adverse credit that would affect your ability to repay funding

Should you wish to obtain further information please complete the enquiry form