Morrisons, 49-53 High Street, Banff, Banffshire, AB45 1AN
Guide Price
£465,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Convenience store for sale
Key features
- FANTASTIC OPPORTUNITY TO ACQUIRE A COMMERCIAL INVESTMENT PROPERTY OCCUPIED BY MORRISONS SUPERMARKET
- ***BENEFITS FROM A STRONG CUSTOMER FOOTFALL***SURROUNDING AREA BENEFITS FROM A RANGE OF ESTABLISHED RESIDENTIAL AND COMMERCIAL OCCUPIERS***
- ***LEASE INCOME OF £32,000 PER ANNUM***(REPRESENTS 6.8% YIELD BASED AT GUIDE PRICE)***
Description
FOR SALE BY ONLINE AUCTION WEDNESDAY 23RD OF SEPTEMBER 2026 AT 9AM - ***FANTASTIC OPPORTUNITY TO ACQUIRE A COMMERCIAL INVESTMENT PROPERTY OCCUPIED BY MORRISONS SUPERMARKET***BENEFITS FROM A STRONG CUSTOMER FOOTFALL***SURROUNDING AREA BENEFITS FROM A RANGE OF ESTABLISHED RESIDENTIAL AND COMMERCIAL OCCUPIERS***LEASE INCOME OF £32,000 PER ANNUM***(REPRESENTS 6.8% YIELD BASED AT GUIDE PRICE)***
The property provides an attractive proposition for investors seeking an established commercial asset with a recognised national covenant and an existing retail occupier. The supermarket use provides an established trading presence and benefits from the strong customer footfall associated with a major grocery retailer.
The property is well suited to investors looking for long-term income potential, offering the opportunity to acquire an income-producing commercial asset without the requirement for immediate vacant possession or redevelopment.
The surrounding area benefits from a range of established residential and commercial occupiers, supporting the property's position as a convenient retail destination. Its location is also well connected by local road and public transport networks.
Investment Highlights
Commercial investment opportunity
Currently occupied by Morrisons supermarket
Established national retail covenant
Existing income-producing asset
Suitable for investors seeking long-term commercial income
Prominent retail use with established customer base
Scope to benefit from future rental and capital growth, subject to market conditions
Convenient location with access to local amenities and transport links
This represents an attractive opportunity to acquire a supermarket investment occupied by a major national retailer, offering the potential for secure and sustainable rental income together with longer-term capital appreciation.
***Description***
Large single storey supermarket with Cash Dispenser T/A Morrisons Daily.
Let to - Alliance Property Holdings Ltd (company number 00907499) 29 Wellington Street Leeds LS1 4DL. T/A Morrisons Daily a division of Morrisons owned by Clayton
Dubilier & Rice.
Lease PA - £32,000
VAT - Yes
Lease Details
Payable: Monthly
Start date: 1st October 2023
End date: 31/09/2033
Rent review end of year 5
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- The Gables, West End, Whitehill, AB45 2NL, Detached, SOLD MAY'26 - £362,000
- Bankhead Farm, Boyndie, Banff, AB45 2LQ, Detached, 6 bedroom, SOLD MAY'26 - £460,000
- Gamrie House, Gardenstoun, AB45 3EX, Detached SOLD MAY'26 - £390,000
Banff is a coastal town in the Banff and Buchan area of Aberdeenshire, Scotland. It is situated on Banff Bay and faces the town of Macduff across the estuary of the River Deveron. It is a former royal burgh, and is the county town of the historic county of Banffshire. It had a population of 3,968 in 2022.
***Education in Banff, Scotland***
Banff has a good range of educational provision, with primary and secondary schooling within the town and additional schools serving the surrounding rural communities.
- Banff Primary School provides primary education for children in the town and forms part of the Banff school network. Banff Primary School
- Banff Academy is the principal secondary school and serves pupils from Banff and a wide surrounding area, including Macduff, Portsoy, Aberchirder, Whitehills, Gardenstown, Fordyce and Ordiquhill. Banff Academy
- The wider Banff Network includes primary schools at Aberchirder, Bracoden, Fordyce, Macduff, Ordiquhill, Portsoy and Whitehills, alongside Banff Primary and Banff Academy.
- Additional support needs provision is available within the Banff school setting, with Banff Primary/Academy identified by Aberdeenshire Council as an enhanced-provision location.
- Early learning and childcare is also available through Aberdeenshire Council's network of nursery and early-years provision.
- For older pupils, Banff Academy provides secondary education and a broad curriculum, including language learning and opportunities for wider activities and partnerships.
Overall, Banff is well served for education, with primary schooling in the town and a dedicated secondary school providing education for Banff and several surrounding communities. The town's schools also benefit from Aberdeenshire Council's wider educational, sporting and extracurricular programmes.
***Transport in Banff, Scotland***
Banff is a historic coastal town in Aberdeenshire with good road and bus connections to surrounding towns and Aberdeen. While there is no railway station in Banff itself, the town is reasonably accessible by car and public transport.
- Bus: Banff is served by local bus services connecting it with Aberdeen, Macduff, Turriff, Portsoy and Elgin. The Stagecoach network provides an important link towards Aberdeen, while local services also connect Banff with neighbouring communities.
- Road: The A98 provides an important eastwest route along the Aberdeenshire coast, while the A947 connects Banff southwards towards Turriff and Aberdeen. The A96 can also be accessed via the surrounding road network.
- Rail: Banff does not have its own railway station. The nearest mainline stations include Huntly and Keith, with Elgin also providing a useful rail connection. These stations are on the AberdeenInverness rail corridor.
- Aberdeen: Regular bus connections provide access to Aberdeen, making the city accessible for employment, shopping and onward travel by rail and coach.
- Air travel: Aberdeen International Airport is the nearest major airport, approximately 4045 miles from Banff by road. It offers domestic and international connections.
- Taxis: Local taxi services are available for journeys within Banff and surrounding communities, as well as transfers to nearby railway stations and Aberdeen Airport. Banff Taxis
- Walking and cycling: Banff is relatively compact, with many town-centre amenities within walking distance. Its coastal setting and surrounding countryside also provide opportunities for cycling and recreational travel.
Overall, Banff benefits from a useful combination of local bus services and road connections, with Aberdeen providing the principal regional transport hub for rail, coach and air travel.
***Things to Do in Banff, Scotland***
Banff is a picturesque coastal town in Aberdeenshire, offering a mixture of historic buildings, beaches, coastal walks, wildlife and cultural attractions.
- Duff House One of Banff's principal attractions, this impressive Georgian mansion was designed by architect William Adam. It houses art from the National Galleries of Scotland and has landscaped grounds and riverside walks.
- Banff Beach A long sandy beach providing opportunities for walking, wildlife watching, paddleboarding and enjoying views across the Moray Firth.
- Banff and Macduff Heritage Trail A self-guided trail exploring the area's historic buildings, harbour areas and maritime heritage.
- Banff Museum A local museum with collections covering the history of Banff and the surrounding area, including the town's historic silverware tradition.
RSPB Scotland Troup Head A spectacular coastal wildlife location where visitors can enjoy cliff-top walks and look for seabirds and marine wildlife.
- Findlater Castle The atmospheric remains of a clifftop castle overlooking the Moray Firth, particularly appealing to walkers and history enthusiasts.
Eden Castle and Inchdrewer Castle Historic sites in the wider Banff area that add to the region's strong castle and heritage appeal.
- Duff House grounds and Bridge of Alvah A scenic walk of around two miles from Duff House leads towards the Bridge of Alvah, passing the former ice house and Duff family mausoleum.
- Coastal villages and beaches The wider Banffshire Coast offers attractive places to explore, including Portsoy, Gardenstown and Sandend, with sandy beaches, harbours and dramatic coastal scenery.
- Golf Golfers can visit Duff House Royal Golf Club, which offers a parkland course close to the town.
Overall, Banff offers a particularly attractive combination of coastal recreation and heritage tourism, making it appealing for residents and visitors who enjoy walking, beaches, historic properties, wildlife and outdoor activities.
GUIDE PRICE - £465,000
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
The property provides an attractive proposition for investors seeking an established commercial asset with a recognised national covenant and an existing retail occupier. The supermarket use provides an established trading presence and benefits from the strong customer footfall associated with a major grocery retailer.
The property is well suited to investors looking for long-term income potential, offering the opportunity to acquire an income-producing commercial asset without the requirement for immediate vacant possession or redevelopment.
The surrounding area benefits from a range of established residential and commercial occupiers, supporting the property's position as a convenient retail destination. Its location is also well connected by local road and public transport networks.
Investment Highlights
Commercial investment opportunity
Currently occupied by Morrisons supermarket
Established national retail covenant
Existing income-producing asset
Suitable for investors seeking long-term commercial income
Prominent retail use with established customer base
Scope to benefit from future rental and capital growth, subject to market conditions
Convenient location with access to local amenities and transport links
This represents an attractive opportunity to acquire a supermarket investment occupied by a major national retailer, offering the potential for secure and sustainable rental income together with longer-term capital appreciation.
***Description***
Large single storey supermarket with Cash Dispenser T/A Morrisons Daily.
Let to - Alliance Property Holdings Ltd (company number 00907499) 29 Wellington Street Leeds LS1 4DL. T/A Morrisons Daily a division of Morrisons owned by Clayton
Dubilier & Rice.
Lease PA - £32,000
VAT - Yes
Lease Details
Payable: Monthly
Start date: 1st October 2023
End date: 31/09/2033
Rent review end of year 5
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- The Gables, West End, Whitehill, AB45 2NL, Detached, SOLD MAY'26 - £362,000
- Bankhead Farm, Boyndie, Banff, AB45 2LQ, Detached, 6 bedroom, SOLD MAY'26 - £460,000
- Gamrie House, Gardenstoun, AB45 3EX, Detached SOLD MAY'26 - £390,000
Banff is a coastal town in the Banff and Buchan area of Aberdeenshire, Scotland. It is situated on Banff Bay and faces the town of Macduff across the estuary of the River Deveron. It is a former royal burgh, and is the county town of the historic county of Banffshire. It had a population of 3,968 in 2022.
***Education in Banff, Scotland***
Banff has a good range of educational provision, with primary and secondary schooling within the town and additional schools serving the surrounding rural communities.
- Banff Primary School provides primary education for children in the town and forms part of the Banff school network. Banff Primary School
- Banff Academy is the principal secondary school and serves pupils from Banff and a wide surrounding area, including Macduff, Portsoy, Aberchirder, Whitehills, Gardenstown, Fordyce and Ordiquhill. Banff Academy
- The wider Banff Network includes primary schools at Aberchirder, Bracoden, Fordyce, Macduff, Ordiquhill, Portsoy and Whitehills, alongside Banff Primary and Banff Academy.
- Additional support needs provision is available within the Banff school setting, with Banff Primary/Academy identified by Aberdeenshire Council as an enhanced-provision location.
- Early learning and childcare is also available through Aberdeenshire Council's network of nursery and early-years provision.
- For older pupils, Banff Academy provides secondary education and a broad curriculum, including language learning and opportunities for wider activities and partnerships.
Overall, Banff is well served for education, with primary schooling in the town and a dedicated secondary school providing education for Banff and several surrounding communities. The town's schools also benefit from Aberdeenshire Council's wider educational, sporting and extracurricular programmes.
***Transport in Banff, Scotland***
Banff is a historic coastal town in Aberdeenshire with good road and bus connections to surrounding towns and Aberdeen. While there is no railway station in Banff itself, the town is reasonably accessible by car and public transport.
- Bus: Banff is served by local bus services connecting it with Aberdeen, Macduff, Turriff, Portsoy and Elgin. The Stagecoach network provides an important link towards Aberdeen, while local services also connect Banff with neighbouring communities.
- Road: The A98 provides an important eastwest route along the Aberdeenshire coast, while the A947 connects Banff southwards towards Turriff and Aberdeen. The A96 can also be accessed via the surrounding road network.
- Rail: Banff does not have its own railway station. The nearest mainline stations include Huntly and Keith, with Elgin also providing a useful rail connection. These stations are on the AberdeenInverness rail corridor.
- Aberdeen: Regular bus connections provide access to Aberdeen, making the city accessible for employment, shopping and onward travel by rail and coach.
- Air travel: Aberdeen International Airport is the nearest major airport, approximately 4045 miles from Banff by road. It offers domestic and international connections.
- Taxis: Local taxi services are available for journeys within Banff and surrounding communities, as well as transfers to nearby railway stations and Aberdeen Airport. Banff Taxis
- Walking and cycling: Banff is relatively compact, with many town-centre amenities within walking distance. Its coastal setting and surrounding countryside also provide opportunities for cycling and recreational travel.
Overall, Banff benefits from a useful combination of local bus services and road connections, with Aberdeen providing the principal regional transport hub for rail, coach and air travel.
***Things to Do in Banff, Scotland***
Banff is a picturesque coastal town in Aberdeenshire, offering a mixture of historic buildings, beaches, coastal walks, wildlife and cultural attractions.
- Duff House One of Banff's principal attractions, this impressive Georgian mansion was designed by architect William Adam. It houses art from the National Galleries of Scotland and has landscaped grounds and riverside walks.
- Banff Beach A long sandy beach providing opportunities for walking, wildlife watching, paddleboarding and enjoying views across the Moray Firth.
- Banff and Macduff Heritage Trail A self-guided trail exploring the area's historic buildings, harbour areas and maritime heritage.
- Banff Museum A local museum with collections covering the history of Banff and the surrounding area, including the town's historic silverware tradition.
RSPB Scotland Troup Head A spectacular coastal wildlife location where visitors can enjoy cliff-top walks and look for seabirds and marine wildlife.
- Findlater Castle The atmospheric remains of a clifftop castle overlooking the Moray Firth, particularly appealing to walkers and history enthusiasts.
Eden Castle and Inchdrewer Castle Historic sites in the wider Banff area that add to the region's strong castle and heritage appeal.
- Duff House grounds and Bridge of Alvah A scenic walk of around two miles from Duff House leads towards the Bridge of Alvah, passing the former ice house and Duff family mausoleum.
- Coastal villages and beaches The wider Banffshire Coast offers attractive places to explore, including Portsoy, Gardenstown and Sandend, with sandy beaches, harbours and dramatic coastal scenery.
- Golf Golfers can visit Duff House Royal Golf Club, which offers a parkland course close to the town.
Overall, Banff offers a particularly attractive combination of coastal recreation and heritage tourism, making it appealing for residents and visitors who enjoy walking, beaches, historic properties, wildlife and outdoor activities.
GUIDE PRICE - £465,000
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Brochures
Morrisons, 49-53 High Street, Banff, Banffshire, AB45 1AN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Keith Station17.8 miles
Notes
These notes are private, only you can see them.
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*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.”