Brighton & Beck Property Group are proud to present to Online Auction the former 'Glenfarg Hotel' as a prime development opportunity located in the popular Perthshire village of Glenfarg.
This unique opportunity presents a four storey and attic building with accommodation over 5 levels comprising 16 en-suite bedrooms, 2 bars, restaurant, function suite, kitchen, 4 bedroom owners accommodation, 2 offices, cellar and store rooms. Externally there are garden areas and private car park to the rear.
Full planning permission is currently in place for the conversion of the existing building into 12 apartments- REF: 15/02093/FLL
The development once completed will provide a range of twelve private flats arranged over three floors and lower ground level.
Lower Ground- 1 x 2 Bedroom Garden Flat
Ground Floor- 3 x 2 Bed Flats and 1 x 1 Bed Flat
First Floor- 3 x 2 Bed Flats
Second Floor- 2 x 2 Bed Flats and 1 x 1 Bed Flat
Second & Attic- 1 x 2 Bedroom Duplex Flat
The current property also benefits from a state of the art Solarfocus Biomass system which currently provides heat and hot water to the existing building and we are advised that this will also provide similar services to the residential apartments which are planned.
Estimated GDV from previous valuation is £2.4million
The picturesque and historic village of Glenfarg lies in the Ochil Hills in the rolling countryside of Perthshire. Nestled between the town of Kinross (a 15-minute commute) and the vibrant city of Perth (a 20-minute journey) Glenfarg offers unrivalled country living. The area boasts outstanding natural beauty with the River Farg flowing through the village, which is dotted with period properties. Glenfarg has a well-stocked village shop, a garage, village hall, public park, tennis courts, bowling club, community gardens and a primary school. It enjoys easy links to the M90 motorway network at Junction 8 (travelling south) and a scenic route down the tree lined Glen leads to the M90 also Junction 8 (travelling north). Arngask Primary School is located a stone's throw from the property, whilst the catchment area includes St Ninians Episcopal School and Kinross High School. Private schooling is available at nearby Dollar Academy, one of Scotland's best public schools. The surrounding countryside offers some great scenery and is ideal for walking, fishing, and cycling (Sustrans National Route 77). It lies within easy driving distance from Gleneagles and St Andrews offering world-class golfing facilities. The town of Kinross offers two supermarkets and a park-and-ride service to Edinburgh, Perth, and Dundee, whilst the city of Perth offers outstanding shopping and an exceptional art, music, and theatre scene.
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The latest published guide price is shown on the website. The reserve price is the minimum price at which the property can be sold. The guide price given is the minimum price at which the seller might be prepared to sell on the date on which the guide price is published. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted "subject to contract". The reserve price may be greater than the previously quoted guide price. The guide price will be published online immediately it becomes available. Lots may be sold or withdrawn prior to auction. Auction properties are subject to a buyer’s premium of a minimum £2,000+VAT (£2,400) and Estate Agency properties are subject to a buyer’s premium of a minimum £1,000+VAT (£1,200). Any commercial sales are subject to a buyers premium of a minimum £3,000+VAT (£3,600) or 3%+VAT (Whichever is the greater). Each property listing provides the individual Buyers Premium, but for more Information on a properties Buyers Premium and any other related fees please feel free to speak to a member of the team.