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Property
28 - 30, High Street, Fraserburgh, Aberdeenshire AB43
Auction
£135,000
Next Steps
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Our Summary
- Exciting mixed use investment opportunity
- We are delighted to offer to auction this excellent mixed use investment opportunity enjoying prime position on Fraserburgh High Street, in the north-east of Scotland
- At LHA rates, and post upgrade works, these flats could potentially achieve around £24,500+ per annum, with the possibility of greater income levels through the short-term rental market (subject to necessary consents)
- While some upgrading works are required, the residential element offers a combined Home Report valuation of £125,000, making the attractive guide price highly competitive and with value add potential
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Description
The property is located on Fraserburgh High Street in north-east Scotland and comprises a ground floor retail unit (approximately 80 sq. metres) and four residential flats above (three one-bedroom and one two-bedroom units). The retail unit is currently tenanted and generating £600 pcm, while the upper flats are vacant but offer significant income potential and a combined Home Report valuation of £125,000 post-upgrade works.