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Castle Terr - Development Land at Castle Terrace 2.5 Acres of Residential Land Offered at $337,783 in Huntly AB54 7LF


Investment Highlights
- Redevelopment potential
- Centrally located in Rothiemay
Executive Summary
The site is currently zoned for housing under the current 2020 Moray Local Development Plan under site ‘R1’, with an indicative capacity of 15 detached housing units, though this could be increased if a prospective purchaser desires to seek planning permission for semi-detached or terraced units instead. In addition, the site benefits from planning permission for the erection of 11 houses dating from 2014. One of these houses has since being built, with no.4a Riddoch Court, shown as plot 1 in the planning documents, having being built in 2017. Full planning permission therefore exists for 10 houses on the site. As development has already commenced, with 10 house sites remaining to be built, the planning permission granted will remain in place in perpetuity. Note that although there are no developer obligations in respect of the site, prospective developers must fulfil all the conditions listed under the decision notice prior to any development taking place. Further information can be found on the Moray Council website under planning reference 14/01431/AMC.
Although the site is currently non-serviced, it is our understanding that mains electricity and water are available nearby due to the location of the site within the boundaries of the village of Rothiemay and the close proximity of neighbouring dwellings. However, interested parties should satisfy themselves regarding the detailed whereabouts and capacities of services.
Although the site is currently non-serviced, it is our understanding that mains electricity and water are available nearby due to the location of the site within the boundaries of the village of Rothiemay and the close proximity of neighbouring dwellings. However, interested parties should satisfy themselves regarding the detailed whereabouts and capacities of services.
Property Facts
| Price | $337,783 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Tenure | Freehold | Proposed Use | Single Family Residence |
| No. Lots | 1 | Total Lot Size | 2.50 AC |
| Price | $337,783 |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Residence |
| Total Lot Size | 2.50 AC |
1 Lot Available
Lot
| Price | $337,783 | Lot Size | 2.50 AC |
| Price Per AC | $135,113.23 |
| Price | $337,783 |
| Price Per AC | $135,113.23 |
| Lot Size | 2.50 AC |
The development site consists of an area of south-facing ground, currently in grass, extending to approximately 1.01 Ha (2.5 acres or 10,117.5 sq. m.). The ground is bordered by agricultural land to the east.
Description
Site measuring approx. 1.1 Ha (2.5 acres), zoned for housing in the Moray Local Development Plan under site R1, with indicative capacity for 15 units The development site is located within the small village of Rothiemay, in the eastern-most part of the Moray council area.
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Castle Terr - Development Land at Castle Terrace
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