A MULTI-LET property in an affluent suburb to the north of Glasgow has gone on the market for offers over £1.35m.
Exchange House is located in the heart of Bearsden’s conservation area on 50 Drymen Road and has residential planning consent for conversion into 13 apartments, a new nursery and two commercial units.
The area has a current annual rental income of just under £122,000, meaning the 6,700 sq ft property is located in one of Glasgow’s most affluent suburbs.
Jonathan McManus, of DM Hall, said: “This is a rare opportunity to acquire the heritable interest of a centrally located property in a highly regarded area which is also one of the best residential neighbourhoods in the West of Scotland.
“With an existing stable rental income and the prospect of residential and commercial development readily at hand, we expect to see significant interest.
Bearsden enjoys a wide array of retail, leisure and hospitality outlets a short distance away from the property.
Bearsden Station is a one-minute walk from the property and takes 20 minutes into Glasgow’s Queen Street and Central stations.
DM Hall has a network of offices across Scotland and the North of England with the recent addition of new offices in Carlisle and Kendal.
