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Semi-detached house for sale

Nederdale, Lerwick, Shetland, ZE1

Guide Price* £10,000

Property Description

Key features

  • Exciting Development Opportunity
  • Attractive Guide Price
  • Potential To Add Significant Value
  • Resale Or Rental Outcomes
  • Potential Rental Value 550pcm At LHA Rates / 6,600pa

Full description

Tenure: Freehold

Development opportunity

The property is a semi-detached villa located in Lerwick, the main town and port of the Shetland Islands. The property is deemed to be a dangerous structure and legal notices were served a number of years ago without remedial action. As such, no internal inspection is available but is believed to be at least two, possibly three, bedrooms and is likely to have at least living room, kitchen and bathroom. The external render requires urgent attention and the property is also believed to be in need of a full programme of refurbishment internally, hence the highly competitive Guide Price. This property offers an exciting opportunity to add significant value through a programme of works to produce attractive retained equity for rental or profit if for resale. Projects of this type always attract high levels of demand and early expression of interest is recommended.

No internal viewings

Exciting development opportunity

Attractive guide price

Potential to add significant value

Resale or rental outcomes

Potential rental value £550pcm at LHA rates / £6,600pa


Lerwick is the main town and port of the Shetland Islands and offers a range of retail and leisure services. The port is busy with fishing and ferry vessels, and the harbour also services vessels supporting the offshore oil industry. Three schools serve the area and further education is provided by Shetland College in partnership with University of the Highlands and Islands. Two airports are within reach and there is an overnight ferry service linking Shetland to Orkney and Aberdeen.

Unsafe properties

Unsafe properties are evidently in a condition that poses a serious risk to the health or safety of occupants or visitors, or where the way the home is marketed suggests it is unsuitable for occupation in that condition. There is little point in a condition survey being undertaken on a home that is unfit for occupation in any case and is being advertised as such.

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Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.

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Listing History

Added on Rightmove:
07 October 2019

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To view this property or request more details, contact:

Auction House Scotland, Glasgow

18 Woodside Place Glasgow G3 7QL

0141 392 0069 Local call rate

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To view this property or request more details, contact:

Auction House Scotland, Glasgow

18 Woodside Place Glasgow G3 7QL

0141 392 0069 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 16226717. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House Scotland, Glasgow . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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*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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