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Lot 51

 Otterburn, Main Street, Glenluce, Galloway, DG8 0PR

Guide Price: £40,000

Vacant Leasehold House Offer Now Available


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Key Features:

EXCELLENT INVESTMENT PROPERTY WITH MASSIVE CAPITAL GROWTH POTENTIAL. 5 Bedroom 2 and half storey Townhouse located in the centre of the picturesque village of Glenluce in Galloway.


  • REALISTIC RESALE VALUE OF OVER £200,000 following necessary repair works within extremely popular village setting. MASSIVE DEVELOPMENT POTENTIAL with opportunity to convert to 2 properties.
  • Comprises: Entrance Hallway, Large Lounge, Dining Kitchen, Dining Room/Master Bedroom and shower room on ground floor. Family Bathroom and 4 double bedrooms on first floor and 2 large cellar rooms
  • RECENT SALES: Mansewood, Main Street, Glenluce, £240,000- Oct 2018 169 Main Street, Glenluce, DG8 0PY £165,000 Apr 2018 30 Main Street, Glenluce- £170,000 May 2018
  • The historic village Glenluce on the A75 road between Stranraer (9.5 mi (15 km)) and Newton Stewart (15.5 mi (25 km)). It’s 94 mi (151 km) south of Glasgow, 62.6 mi (101 km) west of Dumfries.


Ownership

Leasehold

- The owner of the land has a time limit to their period of ownership. Lease lengths vary and most common are 99, 125, 500 and 999.
Occupation

Vacant

- Full vacant possession offered at time of completion.
Council Tax

Search Council Records

- Click the above link to search the latest records for this postcode.


Full Details:

EXCELLENT INVESTMENT PROPERTY WITH MASSIVE CAPITAL GROWTH POTENTIAL. 5 Bedroom 2 and half storey Townhouse located in the centre of the picturesque village of Glenluce in Galloway. REALISTIC RESALE VALUE OF OVER £200,000 following necessary repair works within extremely popular village setting. MASSIVE DEVELOPMENT POTENTIAL with opportunity to convert to 2 properties. Comprises: Entrance Hallway, Large Lounge, Dining Kitchen, Dining Room/Master Bedroom and shower room on ground floor. Family Bathroom and 4 double bedrooms on first floor and 2 large cellar rooms Internal renovation required before habitation. RECENT SALES: Mansewood, Main Street, Glenluce, £240,000- Oct 2018 169 Main Street, Glenluce, DG8 0PY £165,000 Apr 2018 30 Main Street, Glenluce- £170,000 May 2018 Around 900 years remaining on lease

Guide Price: £40,000 - Offer Now


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:


All major amenities including supermarkets, hospital, indoor leisure pool complex and secondary school are to be found in and around the town of Stranraer some 10 miles distant. Viewing of this most pleasant residence is to be thoroughly recommended. Local amenities within the village include general store, sub post office, Primary School, church and general practice healthcare. There is also an excellent 18 hole golf course close by. The local area has always been known for its array of outdoor activities including walking, fishing and excellent golfing facilities.

Viewings:


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.

Auction Details:



  • Auction Date...

    17 March 2020, 7.00pm


  • Auction Location...

  • Glasgow Radisson

  • 301 Argyle Street, G2 8DL


View Map & Directions to the GLASGOW RADISSON >>


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...
Proxy & Phone bidders phone... 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...

Proxy & Phone bidders phone... Download the Proxy Bidders Form