Skip to content
Get brand editions for Auction House Scotland, Glasgow

28 - 30, High Street, Fraserburgh, Aberdeenshire

Key features

  • Exciting mixed use investment opportunity
  • Day one income from tenanted retail unit
  • Four vacant flats ideal for long or short-term rental
  • Local investment increasing rental demand

Description

Exciting mixed use investment property.

We are delighted to offer to auction this excellent mixed use investment opportunity enjoying prime position on Fraserburgh High Street, in the north-east of Scotland.

The property comprises a ground floor retail unit (approximately 80 sq. metres), currently tenanted, together with four residential flats above (three one bedroom and one two bedroom units).

The retail tenant has been in occupation for approximately 10 years on an informal arrangement, currently generating £600 pcm (£7,200 per annum), and has indicated a clear desire to remain under new ownership providing instant income from day one.

The upper flats are currently vacant but offer significant income potential. At LHA rates, and post upgrade works, these flats could potentially achieve around £24,500+ per annum, with the possibility of greater income levels through the short-term rental market (subject to necessary consents).

While some upgrading works are required, the residential element offers a combined Home Report valuation of £125,000, making the attractive guide price highly competitive and with value add potential.

Fraserburgh is undergoing notable regeneration, with harbour expansion and forthcoming offshore wind developments set to drive increased rental demand for both long-term and short-term accommodation.

Early viewing and registration of interest are strongly advised as this is likely to attract significant attention.

The coastal town of Fraserburgh, Aberdeenshire, is positioned on the north-east coast of Scotland. Fraserburgh offers a range of retail and leisure facilities including supermarkets, independent retailers, cafés, restaurants, and banking services, as well as primary and secondary schooling, healthcare facilities, and leisure amenities such as sports centres and coastal walks. Fraserburgh enjoys strong road connections via the A90 and A952, providing direct access to Peterhead (approx. 17 miles) and Aberdeen (approx. 40 miles). Regular bus services also link Fraserburgh with surrounding towns and cities. The town is currently benefitting from significant investment and regeneration, particularly linked to the expansion of Fraserburgh Harbour and the wider growth of the offshore wind sector in the North Sea. Major renewable energy projects and infrastructure upgrades are expected to drive employment and population demand, increasing the need for both long-term rental accommodation and short-term serviced lets.


Please note that these particulars have been prepared by us on the basis of information provided by our client. If there is any aspect of these particulars that you wish clarified or that you find misleading please contact the office where further information will be made available.

• No tests have been made of services, equipment or fittings.
• No warranty is given or implied as to the condition of buildings, services, fixtures, fittings etc.
• All measurements, distances and acres are approximate.
• Fixtures, fittings and other items are not included unless specified in these details.

This material is protected by the laws of copyright. The owner of the copyright is Auction House Scotland. The property sheet forms part of our database and is protected by the database rights and copyright laws. No unauthorised copying or distribution without permission. Auction House Scotland is revolutionising the sale of property in Scotland.

Remember, if you are buying a property which is being sold by Auction House Scotland you will normally be responsible for payment of a Buyer's Premium or Auction Fee of 3.6% of the purchase price subject to a minimum of £3600 inclusive of VAT. More details can be obtained on application.

Cybercrime Warning:
Please be aware that there is a significant risk posed by cyber fraud, specifically affecting email accounts and bank account details. PLEASE NOTE THAT OUR BANK ACCOUNT DETAILS WILL NOT CHANGE DURING THE COURSE OF A TRANSACTION AND WE WILL NOT CHANGE OUR BANK DETAILS VIA EMAIL. Please be careful to check account details with us in person if in any doubt. We will not accept responsibility if you transfer money into an incorrect account.

Brochures

Download legal Pack
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Ask agent
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
No wheelchair access

Energy performance certificate - ask agent

28 - 30, High Street, Fraserburgh, Aberdeenshire

Approximate location

Add an important place to see how long it'd take to get there from our property listings.

__mins driving to your place

Affordability

Monthly repayments£677
Property: £ 135,000
Deposit: £ 13,500
Interest rate: 5.33%
Term: 30 years
Powered byNatwest
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Recently sold & under offer
See similar nearby properties
Get brand editions for Auction House Scotland, Glasgow

About Auction House Scotland, Glasgow

Building 3, 46 Munro Place, Anniesland, Glasgow G13 2UP

Property Auction Experts

Launched in 2013, Auction House Scotland forms part of a network of property specialists with the ability to sell anything anywhere in the UK; whatever the size, condition or circumstance, there is nothing we haven't seen or sold before.

Our expert regional Scottish team can provide you with the duality of unrivalled national coverage and fundamental regional awareness.

We offer a mixture of quarterly in-room and weekly online auctions in which a wide range of properties are bought and sold including residential, land, commercial, investment and agricultural lots with entries drawn from throughout Scotland; from the Borders to the Highlands and Islands, and everything in between!

From the moment of initial enquiry, our Auction House Scotland team get to work to deliver you the whole Auction House package, offering a full range of services from appraisals to viewings, comprehensive marketing programmes and beyond. Our team will be there for you along every step of your journey to completion.

If you have any residential, commercial or investment properties, pieces of land with and without planning permission, or anything else you are looking to sell, please contact our team who can offer you a free auction appraisal.

Alternatively, if you're looking to buy, please get in touch to discuss your requirements with a member of our team who can talk you through the process of purchasing at auction.

Notes

These notes are private, only you can see them.

Staying secure when looking for property

Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.

Visit our security centre to find out more

Disclaimer - Property reference AGG-29291256. 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 Auction House Scotland, 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 Auction House Scotland, Glasgow on 0141 673 7275.

*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.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

Map data ©OpenStreetMap contributors.