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2 bed Flat For Sale £30,000
19-21, Broad Street, Fraserburgh AB439Ae AB43


Description
** sale by auction - 02 July 2021 **
Timed Online Auction .

Ideal development opportunity. 2 upper floors - 1st Floor and Attic Flats (2 flats requiring upgrading) above Card Factory adjacent M & Co at 19-21 Broad Street 100% prime location. The upper floors have residential development potential with the current property split into two flats. We believe the fixed staircase access has been removed so current access is via ladder. The upper floors require refurbishment. 1st floor - 108.18 sq.m (1165 sq.ft). 2nd floor - 92.40 sq.m (995 sq.ft). Ideal development /rental opportunity. Super spot with 0 vacancies next door to boots, card factory, iceland, semi-chem. Rental potential when refurbished £475 per month per flat (£5700 per annum) per flat x 2 = £11,400 p.a rental. Ideal long term investment with the property prominently located in the town centre on the busier east side of Broad Street, the town’s principal retailing thoroughfare facing william hill, cancer research & superdrug. Resale value when refurbished £80,000 per flat £160,000 ideal development opportunity.

Fraserburgh is located approximately 40 miles north of Aberdeen and 17 miles north of Peterhead. It is a traditional fishing town and is the largest shellfish port in Europe. The town is the second largest in Aberdeenshire with a population of circa 13,000 and an economy which is based on fishing and engineering. It is also a key centre for commercial and public service facilities. The subject property is located in the town’s prime retail pitch being situated in the same run as Boots, Card Factory and Iceland.

Auction Details
02 July 2021,10am-4pm
Timed Online Auction, Timed Online Auction

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