Elmbank 14 Castle Street Banff, Aberdeenshire AB45 1DL
- PROPERTY TYPE
Commercial Property
- BEDROOMS
6
- BATHROOMS
3
- SIZE
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Key features
- PRIME NEW LISTING. We are excited to present this building with full planning permission for conversion into 3 flats located within a prime location in Banff, Aberdeenshire.
- Sales Evidence: **55, Bridge Street, Banff AB45 1HD sold for £60,000; 17a, High Street, Banff AB45 1AN sold for £138,000**
- Vacant and offering potential rental income of £500-£600 per month per flat (£6,000-£7,200 per annum), this is a superb opportunity for investors and developers.
- The property comes with full planning permission for conversion into three flats, creating an exciting and straightforward development opportunity.
- Ideally situated in a prime Banff location, the property is close to local amenities, adding strong appeal for future owners, tenants and investors alike.
Description
- PRIME NEW LISTING. We are excited to present this mixed use building with full planning permission for conversion into 3 flats located within a prime location in Banff, Aberdeenshire.
- Sales Evidence: **55, Bridge Street, Banff AB45 1HD sold for £60,000; 17a, High Street, Banff AB45 1AN sold for £138,000**
- Vacant and offering potential rental income of £500-£600 per month per flat (£6,000-£7,200 per annum), this is a superb opportunity for investors and developers.
- The property comes with full planning permission for conversion into three flats, creating an exciting and straightforward development opportunity.
- Ideally situated in a prime Banff location, the property is close to local amenities, adding strong appeal for future owners, tenants and investors alike.
PRIME NEW LISTING. We are excited to present this building with full planning permission for conversion into 3 Flats located within a prime location in Banff, Aberdeenshire.
The property comprises the first and second floor under a single title deed and presents an exciting one-bed, two-bed and three-bed conversion project, offering outstanding scope for developers, investors and buyers seeking a rewarding residential opportunity.
As the property is vacant, it offers potential rental income based on current market rates rather than current rental income. The completed flats could achieve £500-£600 per month per flat (£6,000-£7,200 per annum), making this a remarkable opportunity for buy-to-let landlords and developers seeking excellent upside potential. The property is also ready to be transformed for tenants or new owners to move into once works are complete, with broad appeal to first-time buyers, smaller families and those looking to downsize.
The property comes with full planning permission for conversion into three flats, providing a highly attractive and more straightforward development prospect for purchasers keen to unlock value in a sought-after setting.
The property is located in a prime position in Banff, close to local amenities, which further strengthens its appeal for future resale or rental demand.
The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.
Excellent sales evidence in the area: **55, Bridge Street, Banff AB45 1HD sold for £60,000; 17a, High Street, Banff AB45 1AN sold for £138,000**
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our "Offer NOW" 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.
Banff is a charming coastal town in Aberdeenshire that offers an appealing lifestyle for homeowners and strong letting prospects for landlords. The area provides a good range of everyday amenities including shops, cafés and essential services, while also benefiting from attractive green spaces and scenic coastal surroundings. Banff is well suited to families, professionals and tenants looking for a welcoming community feel with convenient access to schooling and leisure options. Road links connect the town to surrounding areas and onward to Aberdeen, making it a favourable choice for those seeking a balance of coastal character and practical connectivity.
Elmbank 14 Castle Street Banff, Aberdeenshire AB45 1DL
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Keith Station17.9 miles
About Prime Property Auctions (Scotland) Ltd, Glasgow
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Notes
Disclaimer - Property reference 229647593. 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.”