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76 High St
Paisley PA1 2AY

Land For Sale · 1.67 AC

Investment Highlights

  • Full planning consent approved for purpose-built student accommodation (PBSA) scheme
  • Site of former iconic territorial army building
  • 169 rooms for up to 338 students
  • Located directly opposite University of the West of Scotland

Executive Summary

The granted consent consists of the retention of the original building façade and the construction of a new part 6 and part 7 storey extensions to the rear which will be arranged around a courtyard area. The approved consent is for the provision of 169 cluster flats which would be able to house up to 338 students. 10 rooms would be accessible rooms. All rooms would be twin rooms with en-suite shower and toilet together with shared kitchen and common rooms. The design allows for different occupational mixes. Option 1 is a 20/50/30
mix of Twin/Single/Double rooms. Option 2 being a 70/30 split between single and double rooms. A feature of the proposed scheme is that of covered bicycle parking for 84 bikes with no allocation for private car.

PROPERTY FACTS

Sale Type Investment
Tenure Freehold
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1.67 AC

1 Lot Available

Lot

Lot Size 1.67 AC

The site has a prime location positioned directly opposite the Paisley campus of the University of the West of Scotland. The campus is home to around 10,000 students.

Description

The subjects are situated on the north side of High Street within the town centre and lie a short distance to the west of the central shopping area. The subjects are neighboured by Paisley Museum & Art Gallery to the east and Coats Paisley to the west. Paisley Museum is undergoing a major refurbishment of as part of a 4 year long £42m transformation of the venue and this is a flagship project in a £100 million investment in Paisley Town centre over the next few years. The total developable area is approximately 6,788 sqm or thereby.

  • Listing ID: 27570353

  • Date on Market: 1/23/2023

  • Last Updated:

  • Address: 76 High St, Paisley PA1 2AY

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