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House For Sale £64,000
54-56, South Street, Fochabers IV327Ef IV32


Description
** sale by auction - 11 August 2022 **
Timed Online Auction .

Prime investment or development opportunity. 2 x large residential properties requiring refurbishment located in the heart of the affluent Moray village of Fochabers. High demand location Extremely rare auction lot offering potential for significant residential development. Super size offering the opportunity for up to 4 individual dwellings in sought after location. Realistic completed development value of over £750,000 based on current market conditions and demand. Subject to finish and gaining necessary consents. Both properties currently residential. Recent sales: 41 South Street, Fochabers, £250,000- Sept 2021 46 Kirkville, South Street, Fochabers, £440,000- Jun 2021 52 South Street, Fochabers, 3 bed, £200,000- Jan 2021 No viewings will be offered on this lot and the auctioneers understand the properties require full refurbishment prior to habitation. Rare development opportunity in affluent village setting.

The property is ideally located for accessing various attractions, with the beautiful beaches of the Moray coastline, a nearby riding school and Links golf courses at both Kingston on-Spey and Spey Bay. Transport links to Elgin and Inverness close by. Located Nine Miles from Elgin, just over an Hour's Drive from Inverness and One Hour and a Half from Aberdeen. The Property has a great balance of Rural Freedom yet is not far from Urban Comforts. Fochabers is a charming village close to the River Spey in the county of Moray. It stands on the A96 trunk road, midway between Aberdeen and Inverness. It is a pleasant and friendly place with a population of around 2000.

Auction Details
11 August 2022,10am-3pm
Timed Online Auction,

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