ReGlasgow

GO-Ahead For Restoration And Flats Conversion Of Historic Former School

22 July, 2024 | News

CITY planners have agreed that an old Glasgow school building can be converted into apartments.

East End Glasgow Retail Ltd has been given permission to turn the former Canning Place Public School on St James Road, Townhead into 34 flats.

The C-listed early 20th century building was also used as an annexe for Allan Glen`s Secondary School and, in the early 2000s, became the Phoenix Centre for complementary therapies. The building fell vacant around 2016.

A design statement included with the application stated: “The building, with its decorative features in red sandstone, is a fine example of the school buildings constructed in Glasgow towards the end of the 19th century and early in the 20th century. It is now an isolated historic remnant surrounded by modern developments.”

It continued: “The original classrooms will be subdivided to form a range of one and two bedroom apartments. The volume of former classrooms is sufficiently high to allow new mezzanine floors to be installed in the spaces, allowing bedroom and en-suite accommodation to be created on an upper level.

“The edges of the mezzanine floors will be kept back from the external windows to avoid interrupting the original glazing pattern.

“The existing atrium currently only includes the first, second and third floors so that the internal space on the upper ground floor has no natural light. Consequently, it is proposed to extend the atrium down to the upper ground floor by forming an opening in the floor above, bringing natural light down to the main entrance level.

“The floor will be given a high-quality tile finish, and planting, seating and water features will be installed in this new ground floor atrium space, becoming an additional internal amenity space for all the residents.

“A new glazed lift will be installed in the atrium space, making the proposed apartments fully accessible. The existing balustrading will be retained and restored.”

The single storey hall to the east of the main building would be restored and subdivided to create two one-bedroom apartments.

A toilet block extension to the west, constructed during the 1960s, would be replaced with an extension containing a further two-bedroom apartment.

Evolve Finance are a Glasgow-based commercial finance brokerage serving the UK, specialising in all types of property finance for Property Developers, Landlords and Investors and offering innovative finance solutions, they welcome complex cases and back their experience to add value to any project.

Here’s just some development finance products that may be of interest.

Development funding for projects in Scotland: For projects from £750,000 to circa £50,000,000, this facility is typically for the purchase and ground up development costs of new build residential projects, large residential refurbishment projects or commercial projects with the loan repayment coming from the sale proceeds or re-financing to a term loan.

Scottish bridging finance options: This facility is typically used for projects ranging from £50,000 to £3,000,000, covering purchase and development costs of anything from one-bedroom flats to large commercial-to-residential conversions, as well as smaller new build developments like a single detached house or gap site projects of 6–12 flats.

Build-to-rent project financing options: Build to Rent projects also known as Build to Let are gaining traction, with this facility funding projects from £750,000 to £50,000,000, typically for large-scale refurbishments and new build residential flats. The development finance transitions to a long-term commercial mortgage upon completion.

BMV property funding solutions: Below Market Value Bridging Loans allow you to borrow up to 100% of the purchase price when the property’s purchase price is lower than its open market value, helping you maximise leverage opportunities and make the most of discounted property deals.

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