ReGlasgow

HOUSES Proposed For Southside Pub Site

31 July, 2024 | News

PLANS have been drawn up for a residential development on land behind a disused pub on Glasgow’s South Side.

Permission is being sought to build six houses to the rear of the White Elephant on Merrylee Road, between Muirend and Cathcart.

The houses would all have four bedrooms.

Consent has previously been given for part of the pub to be demolished with the remainder becoming a convenience store with a sales area of 267 square metres

The application is pending assessment by Glasgow City planners.

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 products that may be of interest.

Residential development funding 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.

Bridging loans for property development Scotland: 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 Let Development Finance: 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.

Below market value property funding: 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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