End terrace development property

New to auction is this fantastic end-terraced development property conveniently located in a popular residential area just two miles south of Inverness city centre. The property has been severely affected by fire/water damage and is unsafe for internal inspection, as well as being uninhabitable with no Home Report available. Access has been limited to the ground floor only, but similar properties comprise lounge and kitchen on the ground floor, with the upper level offering three bedrooms and bathroom. An extensive programme of works is required, but with local comparables suggesting a post works value in excess of £140,000, allied with a keenly positioned Guide Price, this presents an outstanding opportunity to add massive value and create a fabulous family home, whether for rental or resale. On completion of works, published LHA figures offer rental returns of £8317 per annum, with the strong rental market suggesting that stronger rental income could be achieved. We expect strong levels of demand for this one, and early expression of interest is essential. *UNINHABITABLE AND UNSAFE FOR INTERNAL VIEWING* Unsafe properties Unsafe properties are evidently in a condition that poses a serious risk to the health or safety of occupants or visitors, or where the way the home is marketed suggests it is unsuitable for occupation in that condition. There is little point in a condition survey being undertaken on a home that is unfit for occupation in any case and is being advertised as such.

Tenure

Freehold

Area

Evan Barron Road lies just two miles south of Inverness city centre. The city of Inverness, surrounded by stunning natural landscapes, sits at the mouth of the River Ness, flowing from the famous Loch Ness. Excellent retail and leisure options are on offer in the city, and the area enjoys strong levels of tourist demand, due to the scenery, rich history and, of course, the legendary Loch Ness Monster. The city is a hub for renewable energy projects, which further strengthens the local economy. Education at all levels is available locally, and the city is well-connected by both road and rail, with air travel offered through Inverness Airport. Inverness is situated at the mouth of the River Ness, which flows from the famous Loch Ness. The city is surrounded by stunning natural landscapes, including mountains, forests, and the Moray Firth, known for its dolphin population.

Local Authority

Highland Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.