Residential development for sale

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Residential development for sale

South Street, Elgin, IV30
£295,000

Our Summary

  • Discover a unique investment opportunity at 13 South Street, Elgin, Moray, offering a blend of residential and retail spaces

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph without a list: This unique investment opportunity at 13 South Street, Elgin, combines residential and retail spaces, capitalizing on the city's thriving real estate market. The property features eight modern apartments and a retail unit, poised to deliver substantial returns for investors. With a central location, excellent transport links, and proximity to amenities, educational facilities, and the city's vibrant High Street, this development is ideal for families and professionals. The Moray region has seen a 34% increase in house prices from 2010 to 2021, indicating a strong sales market, while the rental market is experiencing a shortage, ensuring quick occupancy and steady rental income. The retail unit benefits from high foot traffic, catering to the growing local community, and the property's proximity to Elgin's regeneration project, including plans for a Business Enterprise Hub, affordable housing, and improved retail spaces, makes it an attractive choice for investors seeking a dynamic blend of residential and retail opportunities.
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