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Unconditional (Buyer's Premium)
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
PORTFOLIO INCLUDING Royal Hotel, 63 Broad Street, Fraserburgh, Aberdeenshire, AB43 9AU
VACANT PORTFOLIO TO BE SOLD AT AUCTION FORMER ROYAL HOTEL LINKED 7 BEDROOM APARTMENT & 10-12 SALTOUN SQUARE
VACANT PORTFOLIO TO BE SOLD AT AUCTION FORMER ROYAL HOTEL LINKED 7 BEDROOM APARTMENT & 10-12 SALTOUN SQUARE
Description
WE HAVE BEEN INSTRUCTED BY THE OWNER OF A PORTFOLIO OF PROPERTIES WHICH HAVE BEEN RUN AS A SUCESSFUL HOSITALITY / SERVICED ACCOMODATION BUSIINESS
AT AUCTION ON THE 16TH JULY 2025 CASH SALE ONLY.
HOTEL SERVICED ACCOMODATION OPPORTUNITY / DEVELOPMENT OPPORTUNITY (STPP)
THE FORMER ROYAL HOTEL IS TO BE SOLD WITH VACANT POSSESSION AND ALSO INCLUDES 63A BROAD STREET WHCIH IS A VCANT 7 BEDROOM LOWER / MID FLOOR APARTMENT.
HOTEL
This substantial fifteen bedroom former hotel available for sale conveniently situated in the town centre of Fraserburgh. Positioned on the corner of the busy high street, the premises is made up of fifteen bedrooms, lounge bar, restaurant, industrial kitchen, public bar, nightclub, cocktail bar and living quarters. This is an excellent opportunity for an investor looking for a development project, with a variety of possible uses and huge earning potential on offer (subject to obtaining the relevant planning permission).
PREVIOUS VALUATION WHIST TRADING OF £750,000
7 BEDROOM APARTMENT
Well proportioned seven bedroom apartment ideally situated in the town centre of Fraserburgh offering a range of amenities nearby. The accommodation comprises an entrance hallway, lounge, kitchen, seven bedrooms (one of which is currently being used as a fully equipped gym), two en suites, two shower rooms and a family bathroom. The property can be offered fully furnished with all fixtures and fittings under separate negotiation. The property benefits from gas central heating, double glazed windows, ample storage and CCTV coverage. The property has full electric and gas safety certificates and in addition also has electric pat safety certificates. The property is currently been used as serviced accommodation and is ideal for a variety of uses such as short term rental or long term rental with potential to be used as a HMO subject to obtaining license.
RENTS AT £180 per night AND HOME REPORT VALUE £190,000
10-12, Saltoun Square, Fraserburgh, AB43 9DA - ACCOMODATION AND DEVELOPMENT OPPORTINITY (STPP) 3 BED DETACHED PROPERTY WITH SUBSTANCIAL OUTBUILDING
Residential Accommodation Ground Floor: entrance hallway, kitchen/breakfast room. Ground Floor: four internal storage rooms and a three piece internal bathroom suite. First Floor: landing/living room, three bedrooms and a three piece internal bathroom suite.
Storage Accommodation
The property has a potential to add 3 more bedrooms. Has 2 large outbuildings that could be used to build 2/3 houses or further apartments.
It also has it own front and rear private access and parking space for about 20 cars.
Outhouse Building
An attached substantial stone outhouse building located
over two floors, currently in a derelict condition.
RENTS AT £140 per Night HOME REPORT VALUE £215,000
LOCATION
The property is located within the town centre of Fraserburgh and is only a short walk from the harbour, beach and bus station. Fraserburgh is positioned 42 miles from Aberdeen on the North facing Coast of Buchan. The town still sees many fishing boats in the harbour and is the largest shellfish port in Europe. The town is a traditional seaside resort and has a good range of local amenities and facilities. Primary and Secondary schooling are available in Fraserburgh and a good bus service is in operation to the city of Aberdeen.
Buyers Premium
* Plus 5% Buyers Premium + VAT
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
Viewing: Due to the nature and condition of auction properties, the auctioneers highlight the potential risk that viewing such property carries and advise all to proceed with caution and take necessary requirements to ensure their own safety whist viewing any lots offered. Viewings are conducted entirely at the potential buyers own risk, these properties are not owned or controlled by Town & Country Property Auctions and the auctioneers will not be held liable for loss or injury caused while viewing or accessing the lot. Due to the nature of some auction properties, electricity may not be turned on, therefore viewing times are restricted. Viewers will need to bring their own lighting/ ladders if wanting to inspect cupboards, cellars and roof spaces. Some viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Town & Country Property Auctions will not be liable for any costs or losses incurred due to viewing cancellations or no shows.
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BUY IT NOW £30,000 INSTANT PURCHASE GENERATING 18% GROSS YIELD
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