A Warehouse/Light Industrial Unit with full planning permission for conversion to fourteen apartments or demolition and erect twelve assisted living apartments.

The current property offers approx. 8250 sq. ft. of commercial space over two floors. A ground floor warehouse of 4600 sq. ft. along with workshop, office and staff facilities on the first floor. Externally offering Parking and Yard.

Planning was granted for fourteen one bedroom flats - Ref 23/00425/PMAP23./ Conversion of current building into 14 one bedroom flats.

Further planning was granted - Ref 24/00399/FUL for the Demolition of the current building and erection of a three storey building offering twelve assisted living apartments along with amenity space, parking and bike/bin stores.

Alternative schemes could be sought, subject to planning permissions or the building utilised as a commercial entity.

Well placed for the amenities within the town centre and having good transport links close by.

Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.

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 1.2% of the purchase price (subject to a minimum 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.