Former Nerston Residential School, East Kilbride
City Property (Glasgow) LLP, acting on behalf of Glasgow City Council have completed the disposal of the former Nerston Residential School at Nerston, East Kilbride through two separate transactions.
The main sale of the grounds of the former school buildings has been sold to Cala Management Ltd for a low density development of 19 four and five bedroom exclusive family homes. The net price was £1.255m for a site area of approximately 1.86 hectares (4.6 acres). The developer received planning consent from South Lanarkshire Council for the proposed housing.
The second element of the Council’s holding at this location was sold to the long standing agricultural tenant for a price of £30,000. This land is within the greenbelt and will continue to be used for farming.
City Property (Glasgow) LLP acted on behalf of the Council in the sale.