Cupar site with previous consent for 37 houses remains available for purchase
SVA Property Auctions, Scotland’s independent property auction company completed its final auction before the summer break, with six out of the seven lots selling well under the live-stream hammer.
Registered bidders were lined up for the sale of three lots presented by regular vendor Scottish Water and all sold well, with perhaps the former pumping station building in Lochboisdale, South Uist, creating the most interest. Guided at £10,000, the property, which sits on a plot extending to 336 sq.m and is located two miles north of the ferry port, was eventually sold to a buyer believed to live locally, for £12,000.
The former office and storage premises on Main Street, Loans, near Troon, not only attracted considerable interest from registered bidders on line and by telephone, but prompted some enthusiastic bidding on the day. The detached, single-storey property, which sits on a plot of 0.16 ac, was offered at auction by QLTR and was in poor condition. However, property’s potential for refurbishment was recognised by a number of parties including the successful bidder, a local builder. Guided at £50,000, the buyer, who had previously been involved in a nearby housing development, was successful under the hammer at £86,000.
Bidding concluded however, without the sale of a rare opportunity to buy a residential development site with a previous consent for 37 houses. Located at Spruce Gardens, Cupar Muir, just a mile from Cupar, the site was the location of a sawmill until 2000 and in 2007 planning permission was obtained for the development of 37 houses across the 7.48 acre site. The sawmill buildings have been removed but some foundations constructed for the originally conceived development remain. The majority of the site is flat and is currently partly overgrown by gorse and scrub and the boundary to the north and east is mainly formed by mature trees. Says Vigers: “Whilst there is a chance the previous consent dating back to 2007 may still be live, it is unlikely a developer would adopt the same scheme and there will be a need for a fresh application. However, given the fact that there is an allocation for housing in the local plan, I am confident that a buyer would have a reasonable expectation of achieving new planning consent for a re-imagined scheme. The guide price was set at £380,000 to £400,000 and any interested parties should contact SVA Property Auctions by email on info@sva-auctions.co.uk
“Whilst there is a chance the previous consent dating back to 2007 may still be live, it is unlikely a developer would adopt the same scheme and there will be a need for a fresh application. However, given the fact that there is an allocation for housing in the local plan, I am confident that a buyer would have a reasonable expectation of achieving new planning consent for a re-imagined scheme
The first auction of the Autumn programme will take place on Wednesday 21st September at 2pm. The auction will continue to follow the successful format of bidding remotely via an on-line portal as well as traditional proxy bidding or telephone bidding.
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For further information, please email SVA Property Auctions on: info@sva-auctions.co.uk
