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9 bedroom property with land for sale
High Street, Banff, Banffshire
£125,000
High Street, Banff, Banffshire
£125,000
Our Summary
- Planning permission has been granted to develop the existing commercial unit, spread over three floors, into nine residential homes and one commercial unit
- ** Development **Planning permission secured for conversion of the existing building into NINE residential homes and ONE commercial unit
- 4x One bedroom apartments / 2x Two bedroom apartments / 3x Three bedroom apartments*Potential for Return:Housing Market - Open Market sale : Banff and its surrounding areas have experienced consistent growth in the housing market, making it an attractive location for both buyers and renters alike
- Explore the potential of this exceptional project
- Finances - please get in direct contact for projected return on investment and potential rental incomes
Description
This property in the picturesque village of Banff offers a rare opportunity for investors and developers to convert an existing commercial unit into nine residential homes and one commercial unit, with planning permission already secured. The proposed development includes a mix of one, two, and three-bedroom apartments, as well as a penthouse property with stunning views. With a full build package available and various exit strategies tailored to investment goals, the project has the potential to provide substantial returns through both the open market sale and the residential rental market. The property's prime location in Banff, with its vibrant community and proximity to attractions, makes it an attractive investment opportunity. Financing options are also available to help get the project off the ground.