1 Moray place, High Street, Nairn, IV12 4BZ
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Prime Property Auctions New Entry - Fantastic renovation opportunity. Huge potential rental income once renovated and let!***£110,000 GUIDE PRICE***
- 2 bedroom flats in this area range from: £135,000 - £205,000.Rental income is £650 - £800 pcm, Annual rental income of £7,800 - £9,600.Yearly income of £21,512 based on a 70% occupancy as a se
- Sure to appeal to investors / builders looking for a massive capital growth opportunity as well as a potentially huge rental income vehicle.
- The property previously had planning approved on 18th December 2020,Reference No: 20/02653/FUL. Planning is for a commercial to residential conversion from an office to 2 (2 bedroom) flats!
- Property was previously used as an office space before part refurbishment.
Description
- Prime Property Auctions New Entry - Fantastic renovation opportunity. Huge potential rental income once renovated and let!***£110,000 GUIDE PRICE***
- Property was previously used as an office space before part refurbishment.
- Sure to appeal to investors / builders looking for a massive capital growth opportunity as well as a potentially huge rental income vehicle.
- The property previously had planning approved on 18th December 2020,Reference No: 20/02653/FUL. Planning is for a commercial to residential conversion from an office to 2 (2 bedroom) flats!
- 2 bedroom flats in this area range from: £135,000 - £205,000.Rental income is £650 - £800 pcm, Annual rental income of £7,800 - £9,600.Yearly income of £21,512 based on a 70% occupancy as a serviced accommodation investment.
Prime Property Auctions New Entry - Fantastic renovation opportunity. Huge potential rental income once renovated and let! BRRR Opportunity! ***£110,000 GUIDE PRICE***
The property previously had planning approved on 18th December 2020,Reference No: 20/02653/FUL. Planning is for a commercial to residential conversion from an office to 2 (2 bedroom) flats!
The property is ideal for a shrewd investor looking for a fantastic BRRR opportunity.
The Local sales evidence shows that once renovated,
The value of 2 bedroom flats in this area range from: £135,000 - £205,000.The rental income is £650 - £800 pcm,This would provide an annual gross income of £7,800 - £9,600. There is also a massive opportunity to use these flats for Serviced accommodation.Based on local comparables, The weekly rate for this property as an SA investment is £591(£2,364 pcm) which would lead to a yearly income of £21,512 based on a 70% occupancy.
The property comprises: First & second floor with massive open space and a spacious attic more than suitable for storage or to let.
The property has a rateable value of £8,500.
Property is vacant as there must be renovations done to bring it back to standard.
Property benefits from sought after location with massive development potential. It is sure to appeal to landlords looking for a POTENTIALLY HIGH yielding investment. The seller will consider early offers.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location
Nairn is nestled within the Highland region of Scotland, approximately 16 miles northeast of Inverness and 30 miles southwest of Elgin. The tranquil coastal town boasts a resident population of around 11,000, offering a perfect blend of scenic beauty and urban convenience. High Street stands as the bustling heart of Nairn's retail district, bustling with charming shops, cafes, and local businesses. A well-designed road network provides easy access to and from the area, ensuring seamless connectivity for residents and visitors alike. Surrounding the town, you'll find a mix of residential and commercial properties, creating a vibrant community atmosphere.
Energy Performance Certificates
EPC 11 Moray place, High Street, Nairn, IV12 4BZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Nairn Station2.4 miles
About the agent
Prime Property Auctions (Scotland) Ltd, Glasgow
126 West Regent Street, Glasgow, G2 2RQ
Prime Property Auctions is an experienced Property Auction Company, Specialising in Investment Property across Scotland. We can help sell your property be it Residential, Commercial or Land. We have cash buyers looking to buy all property types in any condition, offering a Fast Sale Process.
Each Auction offers a variety of properties. Properties are accepted from one of landlord to Private disposals and Corporate Vendors. We are here to help all potential clients. Auctions are a great
Industry affiliations
Notes
Disclaimer - Property reference 205306967. 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 Prime Property Auctions (Scotland) Ltd, Glasgow. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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