Property

*PRIME COMMERCIAL INVESTMENT* mixed commercial / residential investment opportunity in Low Street, Banff. Potential rental of up to £30,000 annually. Potential for Restaurant commercial property and four bed apartment. Property Details COMMERCIAL PREMISES ALONGSIDE A SPACIOUS UPPER APARTMENT. Features a commercial premises let at £4, 800 per annum alongside a spacious upper apartment boasting four bedrooms. Include gas central heating, a garage, and designated parking spaces. Unique auction property offering a blend of commercial potential and residential comfort in the delightful setting of Low Street in Banff. This distinctive property features a commercial premises alongside a spacious upper apartment boasting four bedrooms. The commercial section of the property has been equipped for a restaurant venture, although it is currently leased as a retail shop. Its versatile layout offers a prime opportunity for a new owner to explore various business prospects while enjoying the convenience of living on the premises if the wished or producing additional income through letting the flat. Realistic rental income for a 4 bedroom property would produce up to £1100 per calendar month, giving an annual income of £13,200 annually. POTENTIAL HIGH YIELD INVESTMENT. The four-bedroom upper apartment has already received some upgrades, with a newly renovated kitchen awaiting its new owner's personal touch. The property's expansive living space presents an ideal canvas for further enhancement and customization to suit individual preferences and requirements. The retail unit exudes a charming ambiance, providing a generous area for business operations. The current owner had envisioned transforming this space into a thriving restaurant, with the lower floor accommodating the kitchen facilities. The well-equipped kitchen caters to a variety of culinary needs and is complemented by ample storage in the basement, along with separate facilities for ladies and gents. Noteworthy features of the property include gas central heating, a garage, and designated parking spaces for added convenience. Being a listed property, it holds a special charm that reflects its historical significance and architectural character. This property presents an attractive investment opportunity for savvy investors or aspiring entrepreneurs seeking a ready-made setup with the potential for lucrative returns.

Auction Details
15 May 2025, 10am-3pm
Timed Online Auction

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