A unique opportunity to acquire a derelict steading with approved plans for two homes.
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Overview of the Moray steading auction
A former Moray steading, located near Elgin, is set to go up for auction next month, presenting a remarkable opportunity for developers and investors. This derelict building comes with approved plans for the construction of two detached five-bedroom homes, making it an attractive prospect for those looking to invest in residential development.
Details of the property and development plans
The steading extends over approximately 1.4 acres, providing ample space for the proposed homes. The current owner has already secured planning permission for two separate dwellings, each designed to include two reception rooms, a spacious open-plan kitchen and dining area, a utility room, five bedrooms, en-suite bathrooms, a main bathroom, and additional storage space.
Furthermore, the owner has submitted an application for an additional dwelling, which, if approved, would enhance the development’s potential.
Location and amenities
Situated in a desirable rural setting, the property is approximately five miles east of Elgin, Moray’s capital. This location offers the perfect blend of tranquility and accessibility, with the town reachable in about ten minutes by car. Elgin boasts a variety of amenities, including primary and secondary schools, a hospital, and a range of high street shops, pubs, supermarkets, and leisure facilities. This makes the steading an appealing option for families and individuals seeking a peaceful yet convenient lifestyle.
Auction details and pricing
The Moray steading will be auctioned through Auction House on May 15 at 2 PM, with a starting guide price of £89,000. This price point presents an excellent opportunity for potential buyers to acquire a property with significant development potential in a sought-after area. Interested parties are encouraged to participate in the auction, as properties with such approved plans are rare in the market.
Conclusion
With its approved development plans and prime location, the former Moray steading represents a unique investment opportunity. Whether you are a seasoned developer or a first-time buyer looking to make your mark in the property market, this auction is not to be missed.
