Property for sale

About the property:

The building is a traditional granite barn conversion – a very rare property.

The granite barn or steading resides in their own gorgeous and private grounds based in Aberdeenshire only 30minutes from the airport (but thank fully not under a flight path!).

The property shares the locality with wild deer and stunning views across the countryside and borders onto Cluny Castle Estate (where the film The Queen was set).

The ‘topside’ of the steading field is approx 1 acre and unused, while the ‘lowside’ of the steading is a fenced in field with pony paddock

Besides the magnificent setting the property is also comprised of the following:

• Granite porch
• 5 bedrooms (1 en suite)
• Large family room with traditional granite fireplace & wood burner stove
• Dining room
• Lounge room with small granite fireplace, natural granite wall and a wood burner stove
• The Large diner / kitchen has an appropriate cottage style kitchen & island plus a range cooker for the master chefs.
• 1 main bathroom
• 1 children’s bathroom
• 2 x WCs & washbasin
• Utility room
• Unconverted 1/3 of the wing which has potential for a self contained unit.
• Steading is set in approx 2 acres of grounds

Investment Offer:

The investment is sought for the steading and the lower paddock field.
The top field is exclusive of the investment.

• Total current value £380,000
• 1 investor sought to purchase approx 25% (approx £95,000) equity in the property
• Minimum commitment of 3 years
 

Exit Opportunities, post the 3 year period:

• Selling stake in property on at whatever current market value dictates
• Sell share back to vendor, or other external investor
• Entire property is sold and profits split accordingly.
 

Why Invest?

Below outlines the previous years valuations providing an indication on what future valuations can be achieved:  

• Year     Valuation
• 2003      £225,000
• 2004      £278,000
• 2005      £326,000
• 2006      £380,000
  

Exceptional growth in value is due to the nature of the property; a traditional vernacular building. Which in Aberdeen is very rare, combined with the current local plan to ban new houses in the local countryside has had a massive effect on the value of such properties in the area.

The Scottish system works on the "offers over system" and the vendor has been informed that a realistic purchase price in today’s market would be in region of £430,000

Please contact: Crawford on +44 (0) 7786 548181 or email at: genesisabz@yahoo.com

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