The 11.97-acre site at St Mungo’s Road, to be vacated in 2022 by HM Revenue & Customs, comprises a series of six interconnecting buildings extending over five storeys. It will be sold with the benefit of Planning Permission in Principle, with an indicative capacity of 160 units with associated access, car parking and landscaping.

Any demolition works associated with development will require to be undertaken by the purchaser.

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.”

A lease is currently in place to HMRC until 30 June 2022 and the purchaser will therefore benefit from a stream of income until the expiry date.