Residential development

New to auction is this exciting residential development opportunity in the South Lanarkshire village of Douglas. The opportunity comprises a former public house, The Countryside Inn, with a two bedroom flat above with separate access from the rear, and architect drawings have been produced for conversion into four x two bedroom flats, although no planning applications have been applied for in this regard. There is also a generous plot to the rear to provide parking or alternative use. The numerous post development exit options, such as resale or long/short term rental, the competitive guide price, and the significant added value potential through development (subject to consents) is sure to attract strong levels of demand from developers, so early expression of interest is recommended. Council Tax Band: A.

Tenure

Freehold

Area

The semi rural and historic village of Douglas is in South Lanarkshire, approximately 12 miles south west of Lanark, and within easy reach of Junction 11 of the M74 motorway. Local facilities are available in the village, with a wider variety of options in the surrounding larger towns. Douglas and the surrounding area is steeped in history, and also popular with outdoor enthusiasts.

Local Authority

South Lanarkshire 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.