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Insider UK
Business
John Glover

Former HMRC offices in Cumbernauld offered as residential opportunity

The former HM Revenue & Customs offices in Cumbernauld are being offered as the site for a residential development by Savills.

HMRC's lease is currently in place until 30 June 2022, so purchaser will therefore get a stream of income until then.

The six interconnecting buildings extend to more than five storeys across the 11.97 acre site.

It will be sold with planning permission in principle for an indicative capacity of 160 units, with associated access, car parking and landscaping.

Any demolition works associated with development will require are to be undertaken by the purchaser, Savills noted.

Jamie Doran, director in Savills development team, said: “We are delighted to introduce this fantastic residential opportunity to the market in one of Scotland’s popular commuter locations, particularly as there is strong demand from housebuilders and developers for residential development opportunities across West Central Scotland at present.

“It has become available due to relocation of the HMRC offices, and the fact that permission in principle is already in place will make it particularly appealing for many housebuilders in the market.”

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