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Lot 61

10-12 South Methven Street, Perth, PH1 5PE

Guide Price: £95,000

Vacant Freehold Commercial Offer Now Available


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Key Features:

FULL BUILDING **PRIME TOWN CENTRE MULTI-PURPOSE DEVELOPMENT PROJECT** Large 4 Storey building with basement and mews to the rear in centre of Perth offering huge potential to developer or builder.


  • Former residential block with bar on ground floor has lapsed planning permissions for 5 floors and basement. Ground floor bar, First floor restaurant then 8 flats over three floors above.
  • ***EXCELLENT CITY CENTRE LOCATION- Total ground floor area is approx 2700 sq feet. Will be of Substantial Interest to Professional Investors & Developers***
  • RESIDENTIAL SALES EVIDENCE IN STREET- 12, South Methven Street £230,000... 16a, South Methven Street- £88,000...17e, South Methven Street £67,000...
  • PERFECT PERTH CITY CENTRE LOCATION BESIDE PIZZA EXPRESS AND ALL OTHER MAJOR RETAILERS ON THE HIGH STREET- GUARANTEED HIGH FOOTFALL.


Ownership

Freehold

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

Vacant

- Full vacant possession offered at time of completion.
Rateable Value

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Full Details:

**PRIME TOWN CENTRE MULTI-PURPOSE DEVELOPMENT PROJECT** Large 4 Storey building with basement and mews to the rear in centre of Perth offering huge potential to developer or builder. The ground floor is a large bar in the main building ( no 12 ) all the way through to the ground floor of the mews it is connected by a single story extension. Number 10 has close entrance with flat on first floor and a flat on the second and third floors split into two. From this close there is a door to rear that gives access to another flat on the first floor of mews at the rear. Planning was previously given (now lapsed) for 5 floors and basement. Ground floor a bar. First floor Restaurant and then three floors of flats above giving a total of 8 residential dwellings. All indications are that the council very keen to have this site redeveloped and have indicated that they would look favourably at other uses. Total ground floor area is approx 2700 sq feet. Once this site has been acquired there may be further massive development potential if the neighbouring property can be purchased. This 500sq foot building also in need of development is not included in this sale however it is worth noting that there were previously plans in place to transform the whole site into a 1000sq foot retail unit on the ground floor and 20 flats above. RESIDENTIAL SALES EVIDENCE IN STREET- 12, South Methven Street £230,000... 16a, South Methven Street- £88,000...17e, South Methven Street £67,000... Sales evidence above is based on tenement flat sales. Housing associations in the area can pay around £115k-£125k per property if a deal can be agreed. Once renovation is complete the residential properties alone could ensure a massive profit for any potential purchaser. Please note VAT is payable on this purchase.

Guide Price: £95,000 - Offer 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.

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:


This property benefits from being within seconds of all High Street shopping with Perth Bus & Train Station situated just minutes away, ideal for the commuter. There is easy access to the motorway networks in every direction from the centre of Perth leading to the larger cities of Dundee, Stirling, Edinburgh and Glasgow. Perth City Centre offers a wide range of nearby amenities such as a varierty of shops, restaurants, bars and leisure facilities.

Viewings:


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...

    06 February 2020, 7.00pm


  • Auction Location...

  • Edinburgh Marriott

  • 111 Glasgow Road, EH12 8NF


View Map & Directions to the 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