Historic Environment Scotland describe it as of “special interest” but not worthy of protection through the listing process.
The reasons given are odd – “Because of the advanced development proposals for Cumbernauld Town Centre, we decided not to proceed with listing at this time”.
This leaves North Lanarkshire council free to develop it as they wish, which could include total demolition. Which seems a bit like saying yes, it’s really important, but because the owners have other plans we’ll let them do what they want. Whereas the whole purpose of listing is to protect important buildings from the commercial vagaries of their owners, for the benefit of the wider population.
They add “Although we have decided not to list the site, we hope that our report will inform the decisions that are made about the site.” Which again, is at the whim of the owners to do.