32, High Street, Development with Planning, Banff, AB451AE

** SALE BY AUCTION - 16 July 2026 - Timed Online Auction **

ENHANCED TERMS OFFERED ON THIS LOT...
Reduced Buyers Fee: 3% of Sale Price (Min £2500 ?)

*** PRIME DEVELOPMENT OPPORTUNITY *** FULL PLANNING GRANTED for RETAIL UNIT and 9 RESIDENTIAL PROPERTIES. Application no. APP/2022/0909 SUIT SHREW INVESTOR OR DEVELOPER (GDV) estimate of £1,100,000 *** LUCRATIVE INVESTMENT *** in thriving Banff. Substantial vacant high street retail unit encompassing approx. 745.2sqm, this property presents a rare chance for astute investors and developers. Estimated rental income of £100,000 per annum with full occupancy, providing a lucrative revenue stream for investors. Please see Aberdeenshire Council Planning portal application no: APP/2022/0909. Key Features: Versatile Zoning: Planning permission secured for conversion to a retail unit on the street level, complemented by nine residential properties to the rear. 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. Desirable Location: Situated in Banff's historic town centre, offering a vibrant community, scenic walking areas, sandy beaches, and a charming harbour. 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: Property consists of:- Development opportunity in Banff town centre. 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 Currently consists of Ground Floor 328.42 sq m Lower Ground 285.22sq m Mezz 95sq m 1st floor 49.27 sq m.

Ideal for investors, developers, or entrepreneurs seeking to capitalize on Banff's growth potential and shape the town's evolving landscape. The property lies on High Street, the main street through the town centre of Banff that has many impressive buildings and includes a mix of shops, commercial & residential properties. Banff is an attractive coastal town with a population of 4,000, located on the west side of Banff Bay, at the mouth of the River Deveron, and lies opposite MacDuff, a fishing town of a similar size. Established in the 12th century and awarded Royal Burgh status, Banff has an historic central part which includes a wide variety of buildings dating from the 16th to the 20th centuries. The town has an extensive retail centre and is a popular summer tourist destination, forming part of the stunning Coastal Trail along the North-East coast. It has outstanding recreational facilities, including a high quality 18 hole golf course, a sailing marina, Duff House a magnificent Georgian property which is an outstation of the National Galleries of Scotland and salmon fishing on the Deveron. Aberdeen is 45 miles to the south.

Auction Details
16 July 2026, 10am-3pm
Timed Online Auction

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