House For Sale £90,000
32 High Street, Banff, Aberdeenshire, AB45 1AE

PRE-AUCTION OFFERS AVAILABLE ON THIS LISTING - THIS LISTING IS AVAILABLE FOR IMMEDIATE PURCHASE, SHOULD YOU WISH TO MAKE AN OFFER CONTACT THE OFFICE TODAY.

FOR SALE BY ONLINE AUCTION THURSDAY 7TH MARCH 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.

To view legal documents for all properties, and to register for our online auctions please visit our website.

Purchases are subject to a Buyer's Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/ Special Conditions in the Legal pack to confirm.

All prices quoted are exclusive of VAT.