Total views: 1837
MapGuide price
£55,000Property for sale
High Street, Development with Planning, Banff AB45
Auction
Property
Features and description
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Vacant
- AUCTION DATE: 19 December 2025
* PRIME DEVELOPMENT OPPORTUNITY * FULL PLANNING GRANTED for RETAIL UNIT and 9 RESIDENTIAL PROPERTIES. Application no. APP/2022/0909 SUIT SHREW INVESTOR OR DEVELOPER (GDV) estimate of £1,100,000 * LUCRATIVE INVESTMENT * in thriving Banff. Substantial vacant high street retail unit encompassing approx. 745.2sqm, this property presents a rare chance for astute investors and developers. Estimated rental income of £100,000 per annum with full occupancy, providing a lucrative revenue stream for investors. Please see Aberdeenshire Council Planning portal application no: APP/2022/0909. Key Features: Versatile Zoning: Planning permission secured for conversion to a retail unit on the street level, complemented by nine residential properties to the rear. Income Potential: Estimated rental income of £100,000 per annum with all units occupied. £18.000 for the Commercial unit. And around £80.000 when all residential units are rented. Desirable Location: Situated in Banff's historic town centre, offering a vibrant community, scenic walking areas, sandy beaches, and a charming harbour. Projected Returns: Building cost estimate of £570,000 with a Gross Development Value (GDV) estimate of £1,100,000, ensuring substantial returns on investment. Unit Composition: Property consists of:- 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 Currently consists of Ground Floor 328.42 sq m Lower Ground 285.22sq m Mezz 95sq m 1st floor 49.27 sq m.
Auction Details
19 December 2025, 12pm
Deadline for Offers
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
Auction Details
19 December 2025, 12pm
Deadline for Offers
How to Bid Now
Submit an enquiry now or visit our website for full details on how to BID ON THIS PROPERTY.
Future Property Auctions - Scotland's Largest Land and Property Auction House. Over 400 lots auctioned every 2 weeks including flats, houses, land & commercial.
About this agent
We are Scotland's LARGEST dedicated residential and commercial Property Auctioneer. Our regular programme of large scale property auctions feature lots from throughout Scotland and the wider UK as well as regular properties available for purchase by Private Treaty and Tender. Our Auction calendar features both traditional and online property auctions covering the whole of the country. Each Auction offers a mix of Commercial and Residential property as well as land and other development opportunities. Properties are accepted from both Private and Corporate Vendors alike and we welcome enquires from all potential clients. Future Auctions LTD is a Limited Company registered in Scotland with Registration Number 358597. We are a fully indemnified professional limited company regulated by the Property Ombudsman. Our auctioneers are all members of the National Association of Auctioneers and Valuers thus ensuring our strict code of conduct and professionalism.