Land at Feorlinbreck and Playpark, Upland Wynd, Garelochhead, Helensburgh, Dunbartonshire, G84 0BL
Guide Price* : £70,000
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- 79.6 acres (32.2 hectares) of land
- Suitable for development (subject to planning)
- Producing £8,000 per annum from two telephone masts
- Guide Price of £70,000 reflects a low £880 per acre or a gross yield of 11.4%
The property comprises a large hillside area of some 80 acres. The land includes two telephone mast sites let to EE and Arqiva and producing a total annual rent of £8,000.
The site contains a playpark, grass area and parking for approximately 14 cars, this area is immediately adjacent to the village of Garelochhead and is surrounded by residential use.
The remainder of the land forms the hillside above the village and includes several viewpoints over the village and Gare Loch.
We understand parts of the land were historically used for disposal of household items. Please see the Land Quality Assessment within the legal pack for more information.
The property is located on the outskirts of Garelochhead, a picturesque village approximately 30 miles north west of Glasgow.
The village sits at the top of Gare Loch and is near the popular tourist destination of Loch Lomond and the Trossachs National Park.
The property itself is situated on the hillside to the north of the village and effectively surrounds the village on two sides (please see the disposal plan for more information)
We consider parts of the property would be suitable for development (subject to obtaining the necessary consents). The property is in close proximity to mains water and electrical lines which would facilitate any potential development.
The property includes two telephone masts that are let on separate leases.
One mast is let to EE Limited on a 20 year lease expiring in 2034 and producing £3,000 per annum.
The second mast is let to Arqiva Limited on a lease expiring June 2025 and paying a rent of £5,000 per annum.
Additionally, there is an electricity substation let to SSE on a lease expiring 14 April 2068 and at an annual rent of £1 if demanded.
Some income is also generated from wayleave agreements with SP Energy Networks plc, relating to overhead and underground power lines. The purchaser should make their own enquiries in this regard and come to their own agreement with SP Energy Networks following successful acquisition.
Refer to the legal documentation
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Administration Fee The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Sold for £176,000
This auction is now closed.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,200 inclusive of VAT on purchases of £20,000 and above and £360 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
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Subject to Contract and Exclusive of VAT © Lambert Smith Hampton September 2021
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including 574, and their joint agents if any ("LSH") for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
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