Timed Online Auction

07 October 2021, 10am-3pm

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  • TypeHouse
  • Ownership Freehold
  • Occupation Vacant
  • Bedrooms 15
  • Council Tax Search SAA

Description

Full Address:  The Royal Hotel, Broad Street, Fraserburgh, AB43 9AU

**INCREDIBLE OPPORTUNITY TO PURCHASE SUBSTANTIAL SITE IN CENTRE OF POPULAR HARBOUR TOWN OF FRASERBURGH** Huge multi-use corner site in centre of Fraserburgh

Site consists of 15 bedroom Hotel, Lounge bar, Restaurant with kitchen, Public bar, Night club with cocktail bar, managers living quarters. Nightclub and public bar have own separate entrances

HUGE DEVELOPMENT POTENTIAL- Ideal purchase for investor/developer or even hotelier looking for next project. All development subject to investigating and gaining necessary consents,

PROPERTY PRICED FOR QUICK AUCTION SALE- Scale and potential of site sure to appeal to a number of shrewd investors- Please contact Edinburgh sales office on 0131 225 2299 for further info

Fraserburgh is a busy town close to Aberdeen and Peterhead, the town has good travel links with train and bus, with close by leisure facilities. Only a one hour drive to Aberdeen city

**INCREDIBLE OPPORTUNITY TO PURCHASE SUBSTANTIAL SITE IN CENTRE OF POPULAR HARBOUR TOWN OF FRASERBURGH** Huge multi-use corner site in centre of Fraserburgh. Property is in excellent condition throughout and each section could be traded from or rented out immediately. Purchaser may look into the possibility of residential development. Due to the substantial size of the site there would a huge number of residential units that could be developed. With the average house price in Broad Street, Fraserburgh, 121,000.00 this offers incredible potential. Please direct all planning enquiries to the local authority. Site consists of 15 bedroom Hotel, Lounge bar, Restaurant with kitchen, Public bar, Night club with cocktail bar, managers living quarters. Nightclub and public bar have own separate entrances. HUGE DEVELOPMENT POTENTIAL- Ideal purchase for investor/developer or even hotelier looking for next project. All development subject to investigating and gaining necessary consents, PROPERTY PRICED FOR QUICK AUCTION SALE- Scale and potential of site sure to appeal to a number of shrewd investors. **FRASERBURGH CURRENTLY GOING THROUGH REGENERATION PROJECT AND BUILDING IMPROVEMENT GRANTS MAY BE AVAILABLE FROM THE LOCAL AUTHORITY** Additional photos available upon request.

Fraserburgh is a busy town close to Aberdeen and Peterhead, the town has good travel links with train and bus, with close by education and leisure facilities. Only a one hour drive to Aberdeen city. The property is located in the town centre where there are many local amenities including local convenience stores, post office, bakers, butchers and both Primary & Secondary Schools

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Location

Pricing Information & Bidding

Opening Bid: £234,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... 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.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 07 October 2021, 10am-3pm
Type: Timed Online Auction

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