Substantial vacant high street retail unit circa 745.2sqm. Planning Permission in place for conversion to form retail unit and 9 residential properties. Incredible development opportunity.
Online Property Auctions Scotland is delighted to present this fantastic 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
• Planning link: https://upa.aberdeenshire.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=RAJHN6CAG3M00
Once developed, there is potential to rent each unit out for an estimated rental value in the region of £5,500 per calendar month, with all 10 units occupied. This would bring an income of £66,000 per annum.
Banff is a town in the area of Aberdeenshire, in 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. The town of Banff has a range of amenities including shops, cafes, barbers and bars. The town also offers beautiful walking areas, a sandy beach and harbour.
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