A SPRAWLING Gothic mansion could be yours for just £1 – but there is a catch. Auctioneers described The Elms in Arbroath, Angus, as being in “poor” condition and it appears on the…
Auctioneers described The Elms in Arbroath, Angus, as being in "poor" condition and it appears on the Buildings at Risk Register.The 19th century A-list building is described as being in "poor" conditionA sign on a boarded up window reads "Dangerous building KEEP OUT," and National Property Auctions recommended bidders seek legal advice first.: “This property is a massive opportunity for a developer to restore the building to its former glory.
“The Elms was built for the mill-owning Corsar family. It operated as a hotel until World War II, when it was requisitioned by the War Office, before becoming a children’s home.” With no reserve price - the lowest offer a seller would accept - buyers can bid for the 19th century A-listed building for as little as £1.The property had planning permission to convert into six flats and five houses but this since fell through.
The sellers insist it would now "make a fantastic builder developer opportunity so early expression of interest is advised.
The sales description added: "These impressive homes are suited to a variety of buyer types looking for a well located home with straightforward access to local amenities.National Property Auctions recommended potential buyers seek legal advice before putting in an offer for the 19th century A-listed buildingCredit: nationalpropertyauctions.co.
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