Land with approved planning for a 4-bed dwelling

This 1 acre (approximately 43,560 square feet) plot is situated in a sought-after area nestled within the bustling and cultural town of Armadale. Planning permission has been approved for a four-bedroom dwelling, offering an excellent opportunity for a developer looking for a high-returning project under reference 24/00835/FUL. Upon completion of the approved dwelling, local sales evidence supports strong potential, with nearby properties on Victoria Place achieving notable figures, including sales of GBP 860,000 and GBP 735,000. Once constructed, the property could achieve GBP 250 per night as serviced accommodation or as a short-term let, generating a projected gross income of GBP 73,000 per annum based on an 80% occupancy rate. The land also offers vast potential for further development, subject to obtaining the necessary planning consents. Nestled in the heart of North Lanarkshire, Airdrie is a bustling town known for its blend of urban convenience and peaceful residential areas. Positioned approximately 12 miles east of Glasgow, Airdrie benefits from excellent transport links, making it a popular choice for commuters. With regular train services and easy access to the M8 motorway, both Glasgow and Edinburgh are within comfortable reach. The town boasts a wide array of local amenities, including shopping centres, restaurants, and leisure facilities. Airdrie’s friendly community and strong sense of local pride are reflected in its well-maintained parks, sports clubs, and cultural events. Families are drawn to the area for its reputable schools, while nature lovers enjoy nearby scenic walks and countryside. In recent years, Airdrie has seen significant investment in infrastructure and development, making it an attractive location for both residential and commercial interests.