**GREAT DEVELOPMENT POTENTIAL** Wonderful opportunity to purchase former hotel. Property in need of full renovation throughout however offers unbelievable potential.
- Coursed sandstone former hotel with slated roofs, extending to the rear and incorporating a C-listed Gothic-style wing to the east of the plot.
- Listed Building Consent for alterations to form a hot food takeaway, re-rendering and erection of extension granted, planning reference 16/00758/LBC.
- ***VAST POTENTIAL FOR REDEVELOPMET*** 2 Bedroom Properties within the area would seek offers in excess of £75,000 - £80,000. Should planning sought after and granted, this would make an excellent development opportunity.
- Local amenities include the bustling shopping streets of Crossgate and Bonnygate, a leisure centre, schools and, of course, a golf course
Description:Former hotel in prominent site within Cupar offers unbelievable development potential. Although property in need of full renovation it could lend itself to a return to a hotel, residential properties, commercial units. Property has also recently had approval for hot food take away which offers further potential. This historic building is coursed sandstone former hotel with slated roofs, extending to the rear and incorporating a C-listed Gothic-style wing to the east of the plot. If purchaser decides to go down residential development route then 2 Bedroom Properties within the area would seek offers in excess of £75,000 - £80,000. All neccessary planning consents must be sought after and met. Should planning be granted this would make an excellent development opportunity and would provide an excellent return.
Cupar, a market town, is well positioned to take advantage of the A92 providing road networks to Dundee, Perth, Edinburgh, and beyond. Cupar itself has a good variety of shops and services including a golf course, public park, bowling, sports centre, primary school, high school, restaurants & supermarkets. Excellent bus links to St. Andrews, Dundee, Glenrothes and Kirkcaldy. Cupar also benefits from a railway station making this an ideal location for commuters to Edinburgh and Dundee.
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Ownership & Occupation:
Freehold- Outright ownership of the property and land on which it stands.
Vacant- Full vacant possession offered at time of completion.
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...
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...
01 August 2018
Edinburgh Marriott Hotel
111 Glasgow Road, EH12 8NF