The property comprises a three storey property which was originally of stone construction but has been extended over time to include single storey extensions and box dormer extensions with flat roof and harled walls. The property benefits from an extensive yard which provides a total of 30 car parking spaces for the development.
Location
The property is located on Albert Street in close proximity to Nairn Town Centre. Nairn is a market town located approximately 16 miles east of Inverness with an established reputation as a popular seaside resort with two championship golf courses.
Accommodation
We understand that the property has planning consent for conversion to a small guest house and 13 residential apartments (7 x 3 bedroom apartments and 6 x 2 bedroom apartments.) Planning Ref: 15/04635/FUL. There is a Section 75 Agreement which is available on the Moray Council Planning Portal.
Alternatively, parties may wish to consider a complete redevelopment of the site and as such explore a further Planning Application to secure additional unit numbers. Parties should consult the Planning Authority in this regard.
Terms
SALES PACK - A sales pack containing further information on planning and title is available on request.
RATES - The property is currently listed in the Valuation Roll with a proposed NAV/RV for 2017 of £XXX (Apportioned: £XXX Hotel / £XXX Residential).
COSTS - Each party will be responsible for their own legal costs. The purchaser will be responsible for LBTT, Registration Dues and VAT thereon.
PROPOSAL - Offers are invited for the heritable interest by the administrators of Arrantay Limited.
TENURE - Heritable (Freehold) under Title Number NRN2035
Specification
- Large site in affluent location within close proximity to Nairn town centre
- Development opportunity to convert property to create a small guest house and 13 residential apartments (7x 3bed apartments and 6x 2 bed apartments)
- Benefit of 30 car parking spaces within title under proposed development