This property is no longer on the market
Residential development
Property description & features
- Tenure: Freehold
- Substantial Commercial Unit Circa 745.2sqm
- Planning Permission for Conversion to 9 Residential Properties with Retail Unit on Street Level
- Incredible Development Project
FOR SALE BY ONLINE AUCTION THURSDAY 8TH FEBRUARY 2024 AT 9.00AM. 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:
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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