Lot 1h

Guide Price: £60,000 - Bid Now

 2 Acre Reservoir Site, Polvinister Road, Oban, PA34 5TN


Key Features:

Unique 2 Acre Reservoir & Site set in a residential area of Oban.


  • Seldom available auction lot in sought after location. Total site area = 0.81 Ha (2 Acres) Approx. The reservoir is now effectively a small pond which is towards the southern end of the site.
  • The site, on the Polvinister Road frontage is fenced with a timber post and sheep wire fence incorporating a wooden personnel gate.
  • Oban supports a wide range of shopping and recreational facilities including Primary and high schools as well as a hospital, busy harbour and sea front.
  • Scottish Water has however since significantly lowered the water level in 2012 by breaching the dam and installing a new outflow channel towards the southern end of the site. This ensures that former Reservoir is not subject to the Reservoirs (Scotland) Act 2011.

Description:

Unique 2 Acre Reservoir Site set in a residential area of Oban. The site, on the Polvinister Road frontage is fenced with a timber post and sheep wire fence incorporating a wooden personnel gate which is padlocked shut. Scottish Water has however since significantly lowered the water level in 2012 by breaching the dam and installing a new outflow channel towards the southern end of the site. This ensures that former Reservoir is not subject to the Reservoirs (Scotland) Act 2011. The reservoir is now effectively a small pond which is towards the southern end of the site. It is surrounded by wild plant growth with an outflow burn down to the south. The banks are now overgrown with small shrubs, grass and so on. The property lies to the eastern side of the town. Coming into Oban from the east, on Glencruitten Road, continue past the entrance to Glencruitten Golf Course on your left, Polvinister Road is a further 300 metres on your right. Drive up Polvinister Road and the property is 400 metres on your right. The site is not subject to the Reservoirs (Scotland) Act 2011. Oban is a thriving market town and tourist hub in north west Scotland. The town lies approximately 100 miles north west of Glasgow and has good rail, road and ferry links. The property is adjacent to Polvinister Road with houses generally to the west and north and open ground to the south and a field to the east.

Location:


Oban is a thriving market town and tourist hub in north west Scotland. The town lies approximately 100 miles north west of Glasgow and has good rail, road and ferry links. The property is adjacent to Polvinister Road with houses generally to the west and north and open ground to the south and a field to the east.

Plan:


Ownership & Occupation:


Ownership

Freehold

- Outright ownership of the property and land on which it stands.
Occupation

Vacant

- Full vacant possession offered at time of completion.

Guide Price: £60,000 - Bid Now


Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set no more than 10% above or below the advertised guide price.

Bid Now Explained:


You may submit an offer now on any of our live properties for the sellers 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.











Internal Open Viewings:


This property may be open for internal viewings at specified times which will be listed on this page when available. You do not need to register to attend these viewings, you can simply turn up as the property will be open during the scheduled times. Our viewing agent will be present to answer any of your questions and provide auction catalogues to viewers.

External Viewings Anytime:


You may view this property externally at any time. Please make sure that if the property is occupied or tenanted that you respect the privacy of the occupants. Additionally we advise that you print a copy of this schedule and take it with you in case of any neighbours questioning you at the property as to your intentions.


















Offer Now:

You may submit an offer now on any of our live properties for the sellers to consider. If they are will are willing to sell you the property now then it is a matter of making the 10% deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

Bid Live in Person:

Easily the best method is to attend the auction in person. The Glasgow Radisson is conveniently located in the Glasgow City Centre, a short walk from the Central Train Station and easily accessed from the M8 Motorway. The Edinburgh Marriott Hotel is conveniently located just minutes from Edinburgh Airport and the city centre.

Bid by Phone Live:

If you cant make the auction in person you can still make a live bid by telephone for this property. You will give instruction live over the phone with one of our staff in the room who will bid on your behalf and relay activity in the auction room. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Telephone Bidders Form

Bid by Proxy: (Ebay Style Highest Bid)

This is another option if you cannot make the auction in person. A Proxy bid is where you will leave your highest maximum bid for the property and the auctioneer will bid on your behalf. You will only ever bid one increment higher than the previous bidder. Proxy bidding rules out any potential issues with telephone reception or nerves regarding bidding in person or by telephone. To register simply print off, complete and return the below form by email prior to 5pm of the auction day...

Proxy & Phone bidders phone... Download the Proxy Bidders Form







  • Auction Date:

    24 October 2017


  • Start Time:

    7.00pm


  • Auction Location:

  • Glasgow Radisson Hotel

  • 301 Argyle Street, G2 8DL


Directions:


View a Map & Directions to the Auction Venue.
Glasgow Radisson | Edinburgh Marriott


Registration:

You will need to be at the auction prior to the 7.00pm start time in order to register & make your way to the auction room. Bidding registration opens from 6:00pm. You will be required to present Photo ID and provide your contact and solicitor details in order to register.

Legal Packs:

All legal packs will be available for inspection at our offices on the day of the auction and at the auction hall from 6:00pm.

Deposits:

If you are a successful purchaser of a lot then a deposit of 10% (minimum £3,000 or lower if specified) will be required. The deposit is accepted by the following methods:

Deposit Method:

Switch, Debit Card, Credit Card, Cash or Bankers Draft accepted only. Next Day Bank Transfer by prior arrangement only.