Land for sale

7 Individual Plots of Land at “North of Alexander Road, Dunoon”

Guide Price £25,000 Per Lot: Please see the attached plan, which shows that each lot/section of land is being offered individually for sale.

Introduction

Dunoon is a coastal town situated on the Cowal Peninsula in Argyll and Bute, Scotland. It’s known for its Victorian architecture, stunning sea views, and rich cultural history.

We are delighted to present an exceptional opportunity to acquire potential development land situated north of Alexander Road in the charming coastal town of Dunoon, Scotland. This auction represents a rare chance to invest in a location poised for significant growth and development.

Property Description

The plots of land north of Alexander Road offer a unique canvas for residential or mixed-use development in one of Scotland’s most picturesque coastal regions. Situated in the heart of Dunoon, these plots benefit from:

Strategic Location: Proximity to Dunoon’s town center and waterfront, offering potential for both residential and commercial development.

Scenic Views: Stunning vistas of the Firth of Clyde and surrounding Cowal Peninsula.

Development Potential: Aligned with Dunoon’s strategic growth plans and the adjacent upcoming residential developments.

Infrastructure: Well-connected to local amenities and transport links, including the iconic Dunoon Pier.

Development Potential

The land presents significant development opportunities, supported by local initiatives and strategic plans:

Residential Development: The plots are ideally situated to capitalize on Dunoon’s growing housing market. The Strategic Housing Investment Plan (SHIP) 2025 outlines plans for 300 new affordable homes in the area, indicating strong support for residential development . This aligns with broader initiatives aimed at population retention and growth

Commercial Opportunities: With Dunoon’s focus on becoming a premier destination for sustainable tourism, there’s potential for commercial developments that cater to this growing sector.

Sustainable Projects: The area is primed for eco-friendly developments, aligning with projects like The Dunoon Project, which emphasizes sustainability and outdoor activities.

Planning and Zoning

Prospective buyers should note the following key points regarding local planning regulations and zoning laws:

Local Development Plan: The Argyll and Bute Local Development Plan provides a comprehensive framework for development, covering aspects such as natural environment, landscape design, and housing development.

Conservation Considerations: Dunoon is home to several conservation areas, reflecting the town’s commitment to preserving its historic built environment.

Planning Applications: Any significant development will likely require planning permission. The Argyll and Bute Council offers detailed guidance on the application process and building standards.

Sustainable Development: The council encourages developments that align with sustainability goals and community needs, as reflected in various local initiatives.

Market Analysis

The Dunoon property market presents a compelling investment opportunity:

Stable Market: As of October 2024, the average house price in Argyll and Bute, including Dunoon, was £191,000, showing stability with a 0.3% change from the previous year.

Rising Rental Market: The rental sector has seen significant growth, with average private rents increasing by 9.5% to £815 per month in November 2024.

High Demand: Post-COVID trends have led to increased demand for properties in rural and coastal areas like Dunoon, driven by remote work opportunities and lifestyle changes.

Investment Potential: The combination of stable house prices and rising rental rates presents an attractive proposition for investors and developers.

Dunoon Burgh Hall – A symbol of the town’s rich cultural heritage

Community and Lifestyle

Dunoon offers a unique blend of natural beauty, community spirit, and development potential:

Cultural Hub: The town is actively growing its arts, heritage, and creative industries, offering potential for culturally-aligned developments.

Outdoor Activities: With initiatives like The Dunoon Project, the area is set to become a leading destination for outdoor enthusiasts, featuring plans for gondola cable cars, zip wire facilities, and extensive trail networks.

Community-Driven Development: Local projects emphasize community engagement and environmental sustainability, ensuring developments align with residents’ needs and values.

*Buyers Premium - Per LOT*
A buyer’s premium is an additional charge that successful bidders are required to pay on top of their final bid price at a property auction. This fee is typically a percentage of the final bid and is paid directly to the auction house. It serves as a kind of commission for the auctioneer’s services. The exact percentage can vary depending on the auction house. At World of Auctions, our buyers premium on Property (Real Estate sales) is normally £5000 plus VAT. It is usually clearly stated in the auction’s terms and conditions. It’s crucial for bidders to factor in the buyer’s premium when determining their maximum bid, as it significantly affects the total cost of the property.