| Archive for urbanglasgow.co.uk For lovers of Urban Exploration of Glasgow, Scotland, UK |
| james73 |
£25m homes plan after East End land deal£25m homes plan after East End land deal
A DERELICT area near the site of Glasgow's Commonwealth Games athletes' village is to be transformed into a £25million housing development. Stewart & McKenna acquired the site after striking a deal with Glasgow City Council, which needed another piece of land the developers owned at nearby Millerfield Road for the 2014 Games participants' accommodation. The developers got £1.7m as well as the new plot in Beechgrove Street after selling the parcel of land to the council. A total of 131 flats will be built in the development. As well as six penthouses costing £180,000 each, one-bedroom flats at around £110,000 and two-bedroom apartments for £150,000, the development will feature studio flats aimed at first-time buyers. Dubbed nano flats' by the developers, the 18 flats with balconies will cost under £100,000. Stephen McKenna, Stewart & McKenna's executive director, said: "We are trying to work on how people can get on the property ladder.(*) "We were trying to come up with an apartment that's beneficial for us to build and also for people who can't afford to get on the property ladder to give them a step up." Work on the development will start later this year and the flats are due to be completed by mid-2010 after going on sale in July. --------------------------------------------- (* - offer jobs that pay more than minimum wage?  )
James H |
| cybers |
Gotta agree with your asterix point there James..
Though to be honest the property prices just now are just vulgar. A nano flat used to be called a single-end .... Glasgow returns to the POSH SLUM market Was amazed to find out most of these new builds have a shelf life of 15-20 years .... 5 years less than the average mortgage. A little cynical to say the least. |