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Lot 9

3, 4, 5 & 6 OLD MAINS OF FASQUE COTTAGES, FETTERCAIRN, LAURENCEKIRK, AB30 1DL

4 Traditional Cottages in Excellent Condition. Investment With Scope for Selling Individually or use as Holiday Cottages. Current Income £32,220 per annum.

Location

The property lies at the edge of attractive Estate Policy grounds on a site that adjoins the B974 Fettercairn – Banchory road, 1.2 miles to the north of the village of Fettercairn & 5 miles from the A90 Aberdeen – Dundee road. It is accessed off the B974 along 60 metres of stone track which is signed “Fasque House Estate Goods Entrance”, from which a gravelled track serving the 4 Cottages is taken.

Fasque House is a magnificent sandstone Mansion with extensive grounds & policies. It was formerly home to the Gladstone family but has been recently restored to provide a venue for weddings & events.

Nearby local centres include Laurencekirk 5 miles (population 2,500), which has a secondary school, a range of local shops & a railway station, the coastal town of Stonehaven 17 miles (population 11,000) and Forfar 24 miles (population 14,000). Aberdeen at 32 miles to the north and Dundee 38 miles to the south are both easily commutable from the property.

Description

The property includes four adjoining single storey traditional terraced cottages within a detached L shaped building. The two end cottages have three bedrooms and the two mid terrace cottages have two bedrooms. All have been modernised internally with oil central heating and re-fitted kitchens & bathrooms. Externally, a new common access road & some brick paved parking spaces have been installed and the grounds have been designed to create good sized front gardens to each Cottage.

All four cottages are built of pink sandstone with pitched & slated roof. floors are generally suspended timber with traditional sash & casement windows.

Each cottage has: oil central heating from a combi boiler; a fitted kitchen with cream coloured unit doors, wood effect worktops & a built-in oven, hob & extraction hood above; a bathroom fitted with a white 3 piece suite with a mixer shower above the bath. Carpets and floor coverings are included.

Services

Mains water; mains electricity – separate supplies to each cottage; private drainage – understood to comprise a single common septic tank within the grounds of Cottage 3, with waste water discharged via a pipe to the Craigmoston Burn; shared private gravel access road – the first part from the B974 is shared with Fasque Estate & the 2 nearby residential properties, from which an exclusive gravel track is taken around the 4 cottages & off which are areas of brick paved common car parking.

Overview

These attractive recently refurbished traditional cottages not only offer a good investment income - there are further ways that value can be gained out of these cottages. The cottages should work well as holiday cottages see www. fasquecastlecottages.com which illustrates what can be achieved. Alternatively, houses could be sold individually with vacant possession as tenants leave or the Short Assured Tenancies are brought to an end. The construction phase of the adjacent development (see below) is a further potential source of income.

COTTAGE 3

End terrace with:

  • Kitchen / dining room / living room 6.0m x 4.2m
  • Passage
  • Bathroom 2.4m x 1.9m
  • Bedroom 1 - 3.4m x 3.0m
  • Bedroom 2 - 3.8m x 3.0m
  • Bedroom 3 – 3.7m x 3.0m

Gross internal floor area – approx. 70 sq.m

COTTAGE 4

Mid terrace with:

  • Living room 4.0m x 5.0m
  • Passage
  • Kitchen 2.5m x 2.4m
  • Bedroom 1 – 3.9m x 3.5m
  • Bedroom 2 – 2.9m x 4.0m
  • Bathroom 1.8m x 2.0m.
  • Gross internal floor area – approx. 71 sq.m.

COTTAGE 5

Mid terrace with:

  • Kitchen / dining room / living room 4.7m x 6.0m
  • Passage
  • Bathroom 2.2m x 1.5m
  • Bedroom 1 – 4.0m x 4.3m
  • Bedroom 2 – 3.7m x 2.9m (idest dimensions)
  • Gross internal floor area – approx. 60 square metres.

COTTAGE 6

End terrace with:

  • Lobby & passage, living room 4.0m x 4.3m
  • Kitchen 3.0m x 2.1m
  • Bathroom 1.5m x 3.0m
  • Bedroom 1 – 3.0m x 3.0m
  • Bedroom 2 – 3.0m x 3.0m
  • Bedroom 3 – 3.8m x 4.0m.
  • Gross internal floor area – approx. 76 sq.m.

Council Tax

Cottage 3 - Band B
Cottage 4 - Band B
Cottage 5 – Band A
Cottage 6 – Band C

EPC

Cottage 3 – Band E
Cottage 4 – Band E
Cottage 5 – Band C
Cottage 6 – Band D

Planning Proposals For Fasque House Policies

As part of a project to refurbish Fasque House & its policy buildings and introduce new visitor facilities, an enabling housing development has been approved on the field lying to the south & west of the Cottages (Ref: APP/2015/0743). The local planning authority is Aberdeenshire Councils Mearns Area, Viewmount, Arduthie Road, Stonehaven, AB39 2DQ. Tel No: 01569 768300. Email: km.planapps@aberdeenshire.gov.uk.

Demand for rental accommodation should increase during the construction phase and as the development steadily comp

Tenure

Owner, subject to tenancies. The Cottages are currently let on 6 month Short Assured Tenancies at rents of: Cottage 3 - £795pm; Cottages 4 & 5 - £600pm; Cottage 6 - £690pm. Copies of the leases are available from the Auctioneers.

Viewing

Limited viewing will be available by prior appointment with SVA Property Auctions Ltd tel 0131 624 6640.




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