Development opportunity

New to auction is this exciting development opportunity, conveniently located at the lower end of Dunfermline city centre. Formerly the New Blossom Restaurant, the property extends to approximately 500 sq. metres (5450 sq. ft) over three levels. The ground floor was operating as the restaurant, including bar area, kitchen, WCs and Karaoke/Function area to the rear. The upper levels (first and second floors) are residential, although were being used as miscellaneous storage for the trading unit. The property has been historically fire damaged, and is unsafe for public access. As such, no internal viewings are available. An extensive programme of works is required throughout, offering a fantastic opportunity to add massive value by creating residential units or mixed use commercial/residential. Any development would, of course, be subject to the necessary permissions. The property is currently published as zero rateable value. The great location and keenly positioned Guide Price is sure to attract strong developer demand, and early expression of interest is strongly recommended.

Tenure

Freehold

Area

Chalmers Street is conveniently located at the lower end of the city centre, close to a wide range of local and national retail, social and leisure options, and the city is also well served by education facilities at all levels. Just five miles north of the Queensferry Crossing and Forth Bridges, the city is popular with commuters to Edinburgh and across the central belt. The M90 motorway provides excellent road links, and Dunfermline also offers two railway stations and regular bus services Dunfermline was recently granted city status to mark the Queens Platinum Jubilee celebrations, and this has encouraged even stronger tourist demand from across the world.

Please Note

Unsafe for public access – no internal viewings available.

Local Authority

Fife Council

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration/Auction Fee of 3.6% of the purchase price of the property including VAT, subject to a minimum of £3,600 including VAT, unless otherwise stated.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.