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NEWSTEAD RESERVOIR 155 sq.m. Rare Auction Lot. Sure to appeal to the shrewd investor.
- Located with-in an arable field. Vendor will consider early offers.
- Inlet tank lies approximately 100m to the east of the main site
- Comprises an oval concrete tank, with a tank depth of 1m
- Sites are located 0.6 miles to the east of the village of Cuminestown
Freehold- Outright ownership of the property and land on which it stands.
Vacant- Full vacant possession offered at time of completion.
Enhanced Buying Terms:
|Discounted Buyers Fee||
£1,000 (+ vat)
- Standard Buyers Fee is £2,500 (+ vat)
Full Details:NEWSTEAD RESERVOIR 155 sq.m, this main site (I4m x 8m) approx is located with-in arable field, 150m to the north of Newstead Farm Steading. Occupying the majority of the site is a concrete tank (11m x 7m) approx with two adjoining oval shaped roof structures. The tank is largely underground and its grass covered roof has a maximum height above ground level of I.5m. The site boundaries are believed to follow the line of an old fence placed approximately 1m from the edge of the tank, hence: the former block pump-house building to the south of the reservoir is not included in the property. A very small water tank known as an inlet tank (1.1m x I.3m) lies approximately 100m to the east of the main site, with-in the same field. It is 0.75m high and comprises an oval concrete tank, with a tank depth of 1m. The sites are located 0.6 miles to the east of the village of Cuminestown (population 500) and 6 miles to the east of Turriff (population 4,600).Within the curtilage of Newstead Farm, the reservoir and inlet tank stand in an arable field and a water source with-in a triangular shaped area of woodland. Located 100m to the north of the reservoir are three areas of ground: A small head chamber (4 sq.yds); a pressure chamber (4 sq.yds) and ram chamber (8 sq.yds) measuring together 16 sq.yds (13.4 sq.m).
What is a Guide Price...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. Unless specified all properties are subject to a Reserve (minimum acceptable price) which we expect will be set no more than 10% above or below the advertised guide.
Offer Now Explained...You may submit an offer now on this property for the owner 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.
Map & Location:
Turriff offers a wide range of shopping, business and leisure facilities, together with primary and secondary schooling. There are two universities and several colleges of further education in Aberdeenshire. There is a mart at Inverurie and the area is well served with local agricultural dealers and contractors. The nearby A947 provides ease of access to Aberdeen and its airport which provides excellent transport links by air to London and other UK and European cities. Work has started on the Aberdeen Western Peripheral Route, a new city bypass which will improve travel in and around Aberdeen, and provide a quicker and more direct route south. There are regular rail services from Aberdeen, including a sleeper. As the acknowledged capital of the North Sea Oil industry, Aberdeen provides all the services expected of a major city including business and leisure facilities, theatres, restaurants and a wide range of shopping.
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.
06 February 2020, 7.00pm
111 Glasgow Road, EH12 8NF
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.
How To Bid:
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...
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...