French Gothic Style House Listed With Starting Price Of £1
A grand, A-listed French Gothic style house in Scotland has come onto the market - and could be yours for as little as £1.
The two-storey property - named The Elms - is located in Arbroath, Angus, and is steeped in history, having originally been built for the mill-owning Corsar family. It was later used as a hotel until World War II, when it was repurposed to become a children's home.
The stately home is being sold by auction on 17 July, with a guide price of £1. There's no reserve, so if a quid is the highest bid it reaches, it'll sell for that... I mean, we can dream, can't we?
Of course, there's a slight catch in that the condition of the home is said to be 'poor' and is on the Buildings at Risk Register (those boarded-up windows aren't ominous at all...), but is still being listed as a 'unique opportunity' for anyone who's brave enough.
With no interior photos available online, you'd probably be best off arranging to see if you can go and view the property before you think about committing to it.
National Property Auctions' online listing says: "Fantastic opportunity for a builder / developer to purchase The Elms, Arbroath which is an A Listed two storey French Gothic Style building and is listed at an incredible price of £1+ with no reserve.
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"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 childrens home of the World-Wide Evangelisation Crusade (Historic Scotland).
"The architect William Leiper is best known for Templeton's Carpet Factory (also known as the Doge's Palace) in Glasgow.
"The property is in poor condition throughout and is on the buildings at risk register. The property previously had planning permission to convert to six flats and five dwelling houses which has since lapsed. Ref. No: 03/00592/LBC. This would make a fantastic builder developer opportunity so early expression of interest is advised."
The area also promises 'excellent transport links', with regular train and bus services between Arbroath and Dundee and Aberdeen, and to all other surrounding towns and villages within Angus.
There are also primary and secondary schools and major supermarkets within a 'reasonably short walking distance' of the house.
Mandi Cooper said, Managing Director of National Property Auctions, said: "This property is a massive opportunity for a developer to restore the building to its former glory."
Featured Image Credit: National Property Auctions