For Sale By Auction | 14:00, 05 April 2019

Earlseat Steading Development, Moyness, Nairn, Highland, IV12 5LB

*Guide | £200,000+ (plus fees)

  • Plot
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Fri 05/04/2019

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Development opportunity

This steading development enjoys rural location in the Scottish Highlands and lies approximately 6 miles south east of Nairn and around 20 miles north east of Inverness. The site comprises three plots extending over approx. 0.4 hectares (0.99 acres) in total. Planning permission has been granted through Highland Council for three houses under application number 13/01590/FUL (an extension of 08/00016/FULNA). The property has been partially developed although units 1 and 2 have been devastated by fire leaving only outer stone walls to a height of around 3 metres and likely to require demolition prior to any further development. The third unit has been developed to a basic standard and would require a further programme of works for completion. The site overall is in poor condition being covered in debris, boulders and roof sections. Independent valuation, whilst not reflective for any lending purposes, suggests that unit 3, once completed, would value in excess of £250K with a value of £80,000 each suggested for plots 1 and 2 once satisfactorily cleared. This is an ideal opportunity for a developer/builder to achieve significant added value on full completion of works.

Tenure

Freehold

Picturesque rural Highland location

Keenly positioned Guide Price

Exciting developer/builder opportunity

Significant margin available on completion

Area

Nairn is an attractive seaside town which enjoys a prime location on the Moray Firth coast just 16 miles east of Inverness. You can enjoy sandy beaches, riverside walks, the promenade with fantastic views over the Moray Firth, Nairn Museum, the Fisher town, restaurants, shopping and the Harbour. Nairn is also an excellent base for exploring the Highlands of Scotland. Within an hour's drive are Cawdor Castle, Brodie Castle, Culloden Battlefield, Fort George, Clava Stones, Loch Ness, Castle Urquhart, Culbin Forest and the new viewpoint tower, the Cairngorms National Park, Cairngorm Mountain Railway, the Strathspey Steam Railway, Ballindalloch Castle, Elgin Cathedral and the Whisky Trail. Nairn is a centre of golfing excellence, with two 18-hole championship courses - the Nairn Golf Club and Nairn Dunbar Golf Club. Within a 60-mile radius of Nairn, you have 40 golf courses to pick from. Nairn is also the ideal place to set up business, and to live and work, with a quality of life that is second to none.

Local Authority

Highland Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

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