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Former Royal Hotel, High Street, Coupar Angus, Perthshire PH13 9DB

Lot no: 81 Re-entry to a future auction for £250,000
 

Guide Price £230,000+ plus fees

Unconditional with Fixed FeeOn the fall of the hammer, the successful bidder will be legally bound to purchase the property. The successful bidder must immediately exchange contracts and pay the applicable deposit and Buyer’s Fee stated on the property description, both of which are non-refundable. The deposit contributes to the purchase price. The Buyer’s Fee does not contribute to the purchase price. Completion must take place usually within 30 days, unless the Special Conditions of Sale within the legal pack state otherwise.

Thursday 25th July 2024

9.00am
Key Features
  • Former hotel
  • Converted into seven flats
  • Close proximity to amenities
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Re-entry to a future auction for £250,000

Block of Apartments

Property Description:

Built in the 18th century, this former hotel boasts a prominent location within the heart of Coupar Angus town centre. The substantial building has now been converted into seven flats but remains unfinished and will be sold as is, providing an excellent opportunity for a developer.

The property is ideally placed, within walking distance of all necessary amenities and services, including a full range of shopping facilities, a local chemist as well as number of popular bars and eateries. Coupar Angus is surrounded by countryside and is a popular destination for tourists seeking outdoor activities. Dundee city centre is approximately thirty minutes away offering a larger range of amenities and attractions and there are public transport services providing a direct route. Transport links Include good road connections, a regular bus network and train services operating from Invergowrie, Dundee.

First Floor

Flat One and Flat Two

Second Floor

Flat Three and Flat Four

Third Floor

Flat Five, Flat Six and Flat Seven

Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Note:

Please be advised that key information regarding Water supply, Electricity supply, Sewerage arrangements, Heating supply and Parking arrangements are currently not available. Prospective buyers are advised to make all necessary independent enquiries before placing their bid, as this will be binding.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure:

See Legal Pack. Vacant possession upon completion.




Auction Details

The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.


Auction Deposit and Fees

The following deposits and non- refundable auctioneers fee apply:

• 10% deposit (subject to a minimum of £5,000)

• Buyers Fee of £1,500 inc. VAT

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.


Additional Information

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).


Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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