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5 bedroom detached house for sale
Cullen AB56
£40,000
Cullen AB56
£40,000
Our Summary
- DEVELOPMENT OPPORTUNITY stunning rural former church building suitable for conversion into a 5 bedroom house
- Unique lot would suite shrewd investor / builder looking for development project
- FREEHOLD *OUTSTANDING DEVELOPMENT OPPORTUNITY* Derelict church building suitable for conversion into large 5 bedroomed house
- RENTAL INCOME POTENTIAL up to £60,000-£100,000pa (£60per night per room x 200 Nights) Perfect for exploring the Moray coast and Speyside Building currently has existing 1 bedroom vestry house requiring full refurbishment
- Great Capital Growth Potential with excellent sales evidence, Ideal for builder or developer
- Johns Church, Deskford sold for £425000 June 2022; 6 Hillview, Deskford sold for £310000 Jan 2022; CAPITAL GROWTH POTENTIAL An idyllic location just south of Cullen - convenient for all the attractions of Speyside, the Moray Firth and NE Scotland
- Surrounded by wildlife, including visiting pine martens and badgersAuction Details31 October 2024, 10am-3pm Timed Online AuctionHow 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
Description
This is a unique development opportunity to convert a stunning former church building into a 5-bedroom house in a rural location. The property is situated in an idyllic spot near Cullen, surrounded by wildlife and with easy access to the attractions of Speyside and the Moray Firth. The building currently has a 1-bedroom vestry house that requires full refurbishment, offering a chance to create a luxurious getaway or a thriving bed and breakfast or Airbnb business. With rental income potential of up to £60,000-£100,000 per annum, this property presents a fabulous opportunity for a shrewd investor or builder to capitalize on the local market's excellent sales evidence and high potential capital growth.