Timed Online Auction

21 October 2021, 10am-3pm

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  • TypeHouse
  • Ownership Freehold
  • Occupation Vacant
  • Bedrooms 13
  • Council Tax Search SAA

Description

Full Address:  Former Rotchell Hotel, Primrose Hill, Corbelly Hill, Dumfries, DG2 7SQ

SUPER INVESTMENT OPPORTUNITY FOR DEVELOPER / BUILDER. Impressive former Rotchell Hotel. Potential development site with REALISTIC POTENTIAL COMPLETED VALUE OF OVER £5 MILLION.

DEMOLITION WARRANT GRANTED creating potential for large scale development on the impressive site. Realistic potential for 6-8 detached houses on the site with neighbouring detached properties selling for up to £400,000.

Large site suitable for development of flats with space for up to 48 individual units. REALISTIC POTENTIAL COMPLETED VALUE OF WELL OVER £5MILLION based on £120,000 per completed unit in sought after location within Dumfries.

Extremely affluent area within Dumfries: 18 Corberry Park, Dumfries- £400,000 17 Corberry Park, Dumfries- £357,000- Oct 2020 1 Corbelly Hill, Dumfries- £295,000 Chapel Park House, Troqueer Road, £370,000- Sep 2020

Super location within the popular town of Dumfries offering excellent access to major amenities, popular town centre, schooling, further education, hospitals and transport links. Perfect for access to M74/ M6 Motorway network

SUPER INVESTMENT OPPORTUNITY FOR DEVELOPER / BUILDER. Impressive former Rotchell Hotel. Potential development site with REALISTIC POTENTIAL COMPLETED VALUE OF OVER £5 MILLION. DEMOLITION WARRANT GRANTED creating potential for large scale development on the impressive site. Realistic potential for 6-8 detached houses on the site with neighbouring detached properties selling for up to £400,000. Large site suitable for development of flats with space for up to 48 individual units. REALISTIC POTENTIAL COMPLETED VALUE OF WELL OVER £5MILLION based on £120,000 per completed unit in sought after location within Dumfries. Extremely affluent area within Dumfries: 18 Corberry Park, Dumfries- £400,000 17 Corberry Park, Dumfries- £357,000- Oct 2020 1 Corbelly Hill, Dumfries- £295,000 Chapel Park House, Troqueer Road, £370,000- Sep 2020 Super location within the popular town of Dumfries offering excellent access to major amenities, popular town centre, schooling, further education, hospitals and transport links. Perfect for access to M74/ M6 Motorway network. All future development is subject to gaining necessary planning permission.

Dumfries is the principal shopping and administrative centre in the Dumfries and Galloway region of southwest Scotland, with a population of around 37,500. The town lies approximately 75 miles south of Glasgow, 34 miles northwest of Carlisle and is bypassed by the A75 trunk road. The town’s retail catchment includes other nearby towns and villages, together with the surrounding rural hinterland.

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Location

Pricing Information & Bidding

Opening Bid: £563,000

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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: 21 October 2021, 10am-3pm
Type: Timed Online Auction

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