High Street, Banff, Banffshire
- PROPERTY TYPE
Commercial Property
- SIZE
8,021 sq ft
745 sq m
Key features
- Planning permission secured for conversion into a retail unit on the street level and nine residential properties, catering to diverse investment strategies.
- Estimated rental income of £66,000 per annum with full occupancy, providing a lucrative revenue stream for investors.
- Ideal for investors, developers, or entrepreneurs seeking to capitalize on Banff's growth potential and shape the town's evolving landscape
Description
Location: Banff, Aberdeenshire, Scotland
Available for Immediate Purchase
Are you seeking a lucrative investment in Banff's thriving town center? Look no further than this remarkable development prospect. With a substantial vacant high street retail unit encompassing approximately 745.2sqm, this property presents a rare chance for astute investors and developers.
Key Features:
1. Versatile Zoning: Planning permission secured for conversion to a retail unit on the street level, complemented by nine residential properties to the rear.
2. Income Potential: Estimated rental income of £100,000 per annum with all units occupied. £18.000 for the Commercial unit. And around £80.000 when all residential units are rented.
3. Desirable Location: Situated in Banff's historic town center, offering a vibrant community, scenic walking areas, sandy beaches, and a charming harbor.
4. Projected Returns: Building cost estimate of £570,000 with a Gross Development Value (GDV) estimate of £1,100,000, ensuring substantial returns on investment.
Unit Composition:
• development opportunity in Banff town center. Currently a large empty commercial unit of circa 745.2sqm, the property has permission in place for change of use to form a retail unit on the street and 9 residential units to the rear, consisting of:
Unit 1 - 2 Bedroom
Unit 2 - 2 Bedroom
Unit 3 - 1 Bedroom
Unit 4 - 1 Bedroom
Unit 5 - 1 Bedroom
Unit 6 - 1 Bedroom
Unit 7 - 3 Bedroom with Roof Terrace
Unit 8 - 3 Bedroom with Roof Terrace
Unit 9 - 3 Bedroom with Roof Terrace
• • Planning link:
•
Explore the potential of this exceptional project. Whether you're an investor, developer, or entrepreneur, this is a rare opportunity to shape Banff's landscape and reap substantial rewards.
For inquiries or to schedule a viewing, please contact
Samir.
Council tax band: C
High Street, Banff, Banffshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Keith Station17.7 miles
About the agent
Keller Williams, Scotland
17 Fitzroy Place Glasgow G3 7RW
Selling your home is only part of our service at Keller Williams. With over 180000 agents in over 40 countries, we're the largest real estate company in the world. Yet each of our agents is local to the area they cover and dedicated to ensuring your move is unforgettable. You want your home sold and we know you deserve more than just a board and an online listing. Unlike traditional estate agents, who focus on transactions, we build relationships.
We create unique experiences, where no
Notes
Disclaimer - Property reference ZAouaneKW0003494070. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Keller Williams, Scotland. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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