324-328 Brandon Street, Motherwell, Lanarkshire, ML1 1XA

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Town & Country Property Auctions Scotland
Town & Country Property Auctions Scotland

Description

324–328 Brandon Street, Motherwell, ML1 1XA

Guide Price: £72,000
GDV: £355,000

High-Yield Development Opportunity | Multi-Exit Strategy | Prime Town Centre Location

Town & Country Property Auctions present a rare opportunity to acquire a versatile town centre development asset in the heart of Motherwell. Extending to approximately 1,770 sq ft (164.44 sqm) across the first floor (874 sq ft) and attic (896 sq ft), the property offers excellent scope for refurbishment and reconfiguration of the internal layout.

There is strong potential for conversion into four 2-bedroom flats and one 1-bedroom flat, with layout feasibility supported by architectural input, giving confidence in the development opportunity (subject to planning). Alternatively, the property may suit residential units or continued use as office suites.

From an income perspective, four 2-bedroom flats are estimated to achieve £750 per month each, with the 1-bedroom flat achieving £600 per month, generating a total of £3,600 per calendar month (£43,200 per annum). For serviced accommodation, each unit is projected to generate approximately £24,000 per annum based on a £98 average daily rate and 68% occupancy, equating to a total potential income in excess of £120,000 per annum across five units.

The asset is well suited to a range of strategies including flat conversion, HMO, or commercial use (subject to planning).

Located on Brandon Street, the property is within walking distance of the high street, supermarkets, schools, and colleges, with excellent transport links via the M74 and M8. Motherwell is currently benefiting from approximately £19 million of investment focused on town centre regeneration, new housing delivery, infrastructure improvements, and public realm upgrades across areas including Forgewood and North Motherwell, all of which are driving increased demand and long-term growth.

A low entry price with significant upside makes this an ideal opportunity for investors and developers seeking strong returns.

Key Feature 1

Conversion Potential (4 x 2-bed flats and 1 x 1-bed flat)

Key Feature 2

Approx. £24,000 per unit Serviced Accommodation income (subject to approval)

Key Feature 3

Located within a £19M regeneration area (town centre, housing, infrastructure)


* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.

We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.

These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.

Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.

All auctioneer fees and deposits stated are non-refundable. The deposit will be applied toward the final purchase price. Auctioneer fees, while not contributing to the purchase price, will still be included in the total chargeable consideration of the property when calculating Stamp Duty Land Tax, Land Transaction Tax, or Land and Buildings Transaction Tax (as applicable depending on whether the property is located in England, Wales, or Scotland).

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