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***DEVELOPMENT OPPORTUNITY*** Property benefits from planning for the conversion into 4 residential apartments, with scope for another two flats and a commercial unit on the ground floor Subject to researching and gaining necessary consents.
- Property Benefits from Listed Building consents and panning in place. Expected resale for the completed flats would be £360,000 - £380,000. Gross potential resale Value of £580,000 - £600,000.
- Planning reference Number : 15/01132/FULL
- Property is sure to appeal to a vast amount of investors/developers with the potential of great returns available.
- The market town of Brechin is well placed to take advantage of the many sporting pursuits the county of Angus has to offer.
Freehold- Outright ownership of the property and land on which it stands.
Vacant- Full vacant possession offered at time of completion.
Full Details:***DEVELOPMENT OPPORTUNITY*** Property benefits from full planning for the conversion into 4 residential apartments.At present the property comprises ground floor of 2562 (237.99 sq. M) of which the former bank premises occupied an area on the ground floor extending to 1,990 (184.89 sq.M). The upper floors are currently disposed as office accommodation with full planning (ref:15/01132/full) and listed building consents (ref: 15/01132/lbc) for the alteration to form four residential flatted dwellings. The first and second floor office accommodation in total extends to 3,351sq.Ft (311.28 sq.M). This could be an outstanding development opportunity and the seller has advised that the anticipated values of the "first and second floors" comprising the four flats that planning permission has been granted for delivers a potential value of £356,000 and the ground floor premises can either be utilised as a fully commercial / retail unit or have an indicative redevelopment of two x 2 bedroom flats with approx 800 sq ft of commercial/retail space. The redevelopment value of the mixed commercial /residential gf would be approx £230,000 giving a potential overall value of £586,000.
What is a Guide Price...Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.
Offer Now Explained...You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Map & Location:
Brechin is an attractive town of interesting architecture famous for its Cathedral and its 'Round Tower'. There is a high school and library and a railway station can be found in Montrose, approximately eight miles distant. The A90 passes approximately two miles from Brechin making it suitable for commuting to Aberdeen. Located on the River South Esk is the glorious Howe O' Mearns. For those wishing leisure pursuits, Brechin has its own golf course, leisure centre and there is fishing on the North Esk. The A90 also provides access to the Angus Glens and the University City of Dundee.
Internal Open Viewings...
This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.
External Viewings Anytime...
You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.
06 February 2020, 7.00pm
111 Glasgow Road, EH12 8NF
Registration...You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.
Legal Packs...All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.
Deposits...If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:
Deposit Method...Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.
How To Bid:
Offer Now...You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.
Bid Live in Person...Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.
Bid by Phone Live...If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...
Download the Telephone Bidders Form
Bid by Proxy... (Ebay Style Highest Bid)
This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...