9 bedroom property with land for sale
Key information
Property description & features
- Tenure: Freehold
- Planning permission secured for retail conversion and nine residential units.
- Mix of one, two, and three-bedroom apartments, including penthouse properties with balconies.
- Ideal for investors, developers, or entrepreneurs seeking lucrative opportunities.
- Full build package available with trusted local builders for hassle-free development. Project management services available for seamless execution.
- Comprehensive exit strategies and options tailored to maximize returns.
- Flexible financing options to suit your investment needs.
Planning permission has been granted to develop the existing commercial unit, spread over three floors, into nine residential homes and one commercial unit. As the proposed floor plans show, the new development will be spread over three floors and a mezzanine level. The top floor apartments have an added touch of luxury with the benefit of a rooftop terrace to make the most of the stunning views.
* FULL BUILD PACKAGE AVAILABLE - partnered with a local builder a full build and project management package is available if the new owner is looking for a hands off project. For more details of the build costs and spec please get in touch. We can also offer a project package with various exit strategies, tailored to your investment goals. Whether you prefer selling the residential units prior to completion on the open market, renting them out for long-term residential tenancy with full management services, or tapping into the lucrative short-term holiday rental market, we have you covered.
* Development *
Planning permission secured for conversion of the existing building into NINE residential homes and ONE commercial unit.
4x One bedroom apartments / 2x Two bedroom apartments / 3x Three bedroom apartments
*Potential for Return:
Housing Market - Open Market sale : Banff and its surrounding areas have experienced consistent growth in the housing market, making it an attractive location for both buyers and renters alike. The demand for quality new build residential properties remains high, presenting ample opportunities for capital appreciation. With the correct marketing these properties would be popular with not only local residents but with national interest for investment and relocation.
Residential Rental Market: With its picturesque location and vibrant community, Banff boasts a robust residential rental market. The mix of one, two, and three-bedroom apartments caters to a diverse range of tenants, ensuring steady rental income streams.
Holiday Rental Market: Banff's appeal as a tourist destination makes it a lucrative area for short-term holiday rentals. From sandy beaches to historic landmarks, golf courses to the whisky trail, there's no shortage of attractions to draw in visitors year-round. The penthouse properties with balconies offer stunning views, further enhancing their appeal to holidaymakers seeking a memorable getaway experience.
Leveraging our understanding of the local area and market trends, we can guide you towards maximising your investment returns. Explore the potential of this exceptional project. Whether you're an investor, developer, or entrepreneur, this is a rare opportunity to shape Banff's landscape and reap substantial rewards.
Finances - please get in direct contact for projected return on investment and potential rental incomes.
*Looking for finance to fund this exciting opportunity? We can also connect you with specialist lenders to get your project moving forward.*
The information provided in these sales particulars is believed to be correct to the best of our knowledge, however, prospective buyers are advised to verify any details to their satisfaction before entering into any agreement
Council tax band: Not Required
Places of interest
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Property reference ZNarindarSingh0003495978. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Keller Williams - Scotland.
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Broadband availability and predicted speed: obtained from Ofcom on March 16, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 29, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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