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Lot 322

Guide Price: £55,000 - Bid Now

15 East High Street, Greenlaw, Duns, TD10 6YF


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Key Features:

**TERRIFIC DEVELOPMENT OPPORTUNITY** 2 bedroom end terraced house with derelict out house offers huge potential as either a development opportunity or terrific family home.


  • Although property would benefit from some modernisation and a degree of renovation it is sure to appeal to a number of investors and developers. Once renovated the outhouse offers huge potential as workshop, residential unit, extension or office space (subject to investigating and gaining necessary planning consents.)
  • Realistic rent in the area £450pcm, this would provide an annual income of £5,400 and offers a terrific yield of almost 10%
  • Local sales evidence:- **33, East High Street, Greenlaw, Duns, Ber TD10 6YF £135,000** **First House, Church Hill, Greenlaw, Duns, Ber TD10 6YF £100,000** **31, East High Street, Greenlaw, Duns, Ber TD10 6YF £120,000** **Church Hill, Greenlaw, Duns, Ber TD10 6YF £75,000**
  • Easily commutable lying 40 miles from Edinburgh and 20 miles from the main east coast rail connection at Berwick-upon-Tweed.


Ownership

Freehold

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

Vacant

- Full vacant possession offered at time of completion.
Council Tax

Search SAA Records

- Click the above link to search the latest records for this post code. The Scottish Assessors Portal provides Council Tax and Rates for all properties in Scotland.


Full Details:

**TERRIFIC DEVELOPMENT OPPORTUNITY** 2 bedroom end terraced house with derelict out house offers huge potential as either a development opportunity or terrific family home. Property comprises:- Good size living room that leads into the modern kitchen, Kitchen is in very good condition and would require little to no work as part of renovation. From the kitchen there is a back door that leads out to the garden where the large outhouse can be found. As well as the outhouse there is also terrific garden space which again offers great potential and sure to interest a number of developers. Upstairs there is a master bedroom, family bathroom and bedroom that would be ideal for a child or conversion to an office. Although property would benefit from some modernisation and a degree of renovation it is sure to appeal to a number of investors and developers. Once renovated the out house offers huge potential as workshop, residential unit, extension or office space (subject to investigating and gaining necessary planning consents.) Ideal project for someone looking to get into property development or for an experienced developer looking for a quick turnaround. EPC RATING - BAND D Once renovation is complete this could be an excellent rental property. Realistic rent in the area £450pcm, this would provide an annual income of £5,400 and offers a terrific yield of almost 10% if achieved for guide price. There is some super sales evidence in the area, some examples of this are as follows:- **33, East High Street, Greenlaw, Duns, Ber TD10 6YF £135,000** **First House, Church Hill, Greenlaw, Duns, Ber TD10 6YF £100,000** **31, East High Street, Greenlaw, Duns, Ber TD10 6YF £120,000** **Church Hill, Greenlaw, Duns, Ber TD10 6YF £75,000**

Guide Price: £55,000 - Bid Now


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.

Bid 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:


Greenlaw, formerly the County Town of Berwickshire, is a mid-sized Border town with distinctive red sandstone buildings. Facilities include village stores, bowling club, tennis court, butcher, classic village pub and restaurant, doctor's surgery and primary school. Secondary schooling is available 10 minutes away at Duns with a new £20m high school. Easily commutable lying 40 miles from Edinburgh and 20 miles from the main east coast rail connection at Berwick-upon-Tweed.

Viewings:


Open Viewings Scheduled...


  • Friday, November 23, 2018  :  2.30PM -> 2.45PM


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.

Auction Details:



  • Auction Date...

    05 December 2018


  • Start Time...

    7.00pm


  • Auction Location...

  • Edinburgh Marriott Hotel

  • 111 Glasgow Road, EH12 8NF


Directions...

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.

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...
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