For Sale By Auction | 14:00, 27 June 2019

, Lake House, Garyvard, Isle Of Lewis, Western Isles, HS2 9QD

*Guide | £35,000+ (plus fees)

  • Bungalow
  • 3 Bedrooms
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 27/06/2019

Auction Time

14:00

Auction Venue

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

Builder / developer opportunity

This spacious three bedroom bungalow enjoys idyllic location in the peaceful village of Garyvard, Isle of Lewis and offers an exciting development opportunity to create a stunning holiday home or rental with beautiful views over the surrounding croft land. The property requires refurbishment throughout which, allied with a competitive Guide Price and strong comparable end development values, provides potential to achieve significant levels of added value and profit margin. The existing accommodation format comprises lounge, kitchen, three bedrooms and bathroom but there would also be potential to add a further two bedrooms and bathroom in the loft space subject to required permissions. The property plot extends to approximately ½ acre and there is also a field adjacent to the property (understood to be of similar size) on which the existing owner kept her horses which could perhaps provide further development potential. There is no heating system in the property but there is an electric supply. Air source heating or oil could be other heating options to explore but there is already an open fireplace in the lounge and a chimney in the kitchen for Raeburn or similar range. The added value and stunning surroundings make this an ideal project for a developer to undertake the works required and either retain for rental or achieve margin through resale.

Tenure

Freehold

Exciting development opportunity

Additional development potential

Peaceful and scenic Isle of Lewis location

Strong margin gain potential

Ideal holiday home/rental

Adjoining plot for grazing or possible development

Area

The peaceful village of Garyvard in South Lochs lies approximately 24 miles south of Stornoway on the Isle of Lewis. Local amenities include primary school, healthcare facilities, shop and café/bar with a wider range of facilities available in Stornoway. Stornoway is the main point of entry to the Outer Hebrides, offering two daily ferry sailings from Ullapool and a modern airport with a number of daily flights. Lewis is the most populated island of the Outer Hebrides and the Isle of Lewis and Harris is the third largest of the British Isles. Lewis is a popular tourist destination with a wide range of visitor attractions and museums including the ancient Carloway Broch and the 5000 year old stone circles of Callanish. The island has a great many sandy beaches which attract surfers and kayakers. The coastline is also a haven for climbers and walkers of all abilities.

Unsafe properties

Unsafe properties are evidently in a condition that poses a serious risk to the health or safety of occupants or visitors, or where the way the home is marketed suggests it is unsuitable for occupation in that condition. There is little point in a condition survey being undertaken on a home that is unfit for occupation in any case and is being advertised as such.

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.