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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
- Freehold
- Guide Price of £70,000 reflects a low £880 per acre or a gross yield of 11.4%
Description
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.
Location
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)
Tenure
Freehold
Planning
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.
Tenancy
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.
VAT
Refer to the legal documentation
Contact
* 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.
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The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 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 April 2025
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