Initial price	£350,000
16/08/24	£300,000
07/09/24	£250,000
Price Change	-28.57%

This rare development opportunity presents a unique chance to transform The Elms, a two-storey French Gothic Style building in Arbroath, into a magnificent property. Originally built for the Corsar family, the property has a rich history, having operated as a hotel and children's home. Although it previously had planning permission to convert into six flats and five dwelling houses, this permission has since lapsed. However, the property has undergone extensive works in the last three years, including asbestos removal, roof, and structural repairs. The property is situated in a desirable location with excellent transport links, schools, and local amenities within walking distance. With its rich history and potential for redevelopment, this is an exciting opportunity for a builder or developer to create something truly special.