From Power to Penthouse

26-04-2022

Interesting Property

2 min read

Cathcart house is one of Glasgow's most expensive conversions from commercial to residential property. Since the 1950's Cathcart House was the home of Scottish Power. Today it has been developed into 35 apartments. The Penthouse is not available.

History

Originally known as the South of Scotland Electricity Board (SSEB) then renamed Scottish Power, their Headquarters from 1954 until 2017 was Cathcart House. Upon moving into a new headquarters in Glasgow city the extensive site at Cathcart was developed at a cost of £40m.

Cathcart House was designed by Scottish architect Sir John James Burnet and then built by the Wallace Scott Tailoring Institute. Completed in 1916 then extended further in 1919. The image below shows the building in the early 30s.

Development

Cathcart House is a listed building so the conversion to residential was costly and limitations were placed by Historic Scotland on what could be done with it. The creation of 35 apartments ranging from £173,000 - £349,000 has been completed and most have now been sold. Further, more modern semi-detached and detached properties have been built on the surrounding land.

Penthouse

One of the Penthouse properties is currently available for offers over £425,000 and boasts a wrap-around balcony, two bedrooms and a private parking space. Bike storage is also included. The apartment focuses on open plan living. The views from the balcony are stunning. There is also access to the private and secure inner courtyard with benches for all residents.

Gallery images below include some of the originals from the first occupants, Wallace Scott Tailoring.

Marketing

The property is being marketed by Savills in Glasgow. You can find the sales details on Rightmove.

Lee Wisener, CeMAP, CeRER, CeFAP

Having worked in the mortgage industry for over 20 years I have always wanted to build a website dedicated to the subject. Also being a geek when it comes to the internet all I needed was time and I could both build the site from scratch and fill it with content. This is it!

<< Newer Post

Arrears & Repossession

Older Post >>

Understanding an SPV