The Royal Oaks Development, Planning Permission Granted, Kirkhill, Inverness, Highland, IV5 7PX
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Key features
- Planning permission granted in principle for 16 houses
- Potential development value of over £6 million
- Amazing location within 7 miles of Inverness City Centre
- High demand for development locally
- Beautiful and affluent village setting
- Excellent access from main road.
Description
7.88 Acres of land with planning permission granted in principle for 16 houses in the affluent village of Inchmore by the Beauly Firth approximately 7 miles west of Inverness.
Outstanding opportunity for developer/ builder or investor with planning permission granted in principle for the erection of 16 houses, drainage and access to be taken directly from the main road.
Planning information- (Planning Reference: 22/01289/PIP)
The area currently enjoys a massive demand for housing thanks to the stunning location in the countryside with excellent access to the centre of Inverness and to the massive range of attractions, entertainment and major employers locally.
Local evidence suggest a realistic completed development value of between £6 million and £7 million subject to standard of completion (based on a completed value of £375,000- £450,000 per property) giving an outstanding return on initial investment.
New build estates within Inverness and surrounding villages are currently commanding prices from £500,000 to £650,000 where finished to a high standard solidifying the demand for new housing locally as the 'Capital of the Highlands' continues to expand.
The Royal Oaks boats an outstanding location in the affluent village of Inchmore, linked to the larger settlement of Kirkhill on the outskirts of Inverness.
Inverness is a city on Scotland's northeast coast, where the River Ness meets the Moray Firth. It's the largest city and the cultural capital of the Scottish Highlands. Its Old Town features 19th-century Inverness Cathedral, the mostly 18th-century Old High Church and an indoor Victorian Market selling food, clothing and crafts. The contemporary Inverness Museum and Art Gallery traces local and Highland history.
Inverness is undergoing significant development driven by population growth and economic expansion, particularly in life sciences, energy and tourism. The city is a hub for innovation, with manufacturing and service sectors serving the needs of the offshore oil industry and focusing on areas like fish processing and electronics.
The brand new village of Tornagrain on the outskirts of the city is one example of ongoing development, reflecting the growing community and infrastructure in the area.
Inverness has experienced considerable population growth since 2001 and the greater Inverness area now has a population of around 80,000- 85,000. The historic city has a dynamic economy- the envy of many cities in the UK.
This land will be sold under auction terms and conditions by Braveheart Auctions.
Enhanced buyer terms may be available so speak to one of our dedicated team today for more information.
Be Brave… Follow Your Heart.
Planning permission granted in principle for 16 houses
Potential development value of over £6 million
Amazing location within 7 miles of Inverness City Centre
High demand for development locally
Beautiful and affluent village setting
Excellent access from main road.
The Royal Oaks Development, Planning Permission Granted, Kirkhill, Inverness, Highland, IV5 7PX
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Beauly Station3.1 miles
- Muir of Ord Station4.3 miles
Notes
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Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Braveheart Auctions Limited, Edinburgh on 0131 381 5170.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
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