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South Street, Elgin, Morayshire Residential development for sale
South Street, Elgin, Morayshire
£295,000
South Street, Elgin, Morayshire
£295,000
Our Summary
- Discover a unique investment opportunity at 13 South Street, Elgin, Moray, offering a blend of residential and retail spaces
Description
This unique investment opportunity at 13 South Street, Elgin, offers a blend of residential and retail spaces, poised to capitalize on Elgin's thriving real estate market. The property features eight modern apartments and a strategically placed retail unit, promising substantial returns for investors. The residential demand in Elgin is high, with a shortage of rental properties, while the property value growth in the Moray region has seen a 34% increase from 2010 to 2021. The retail unit benefits from high foot traffic, catering to the growing local community. The property's central location offers easy access to Elgin's vibrant High Street, proximity to amenities, and excellent connectivity with bus and train stations. The development is situated in an area undergoing regeneration, with plans for a Business Enterprise Hub, affordable housing, and improved retail spaces, making it an attractive choice for investors seeking a dynamic blend of residential and retail opportunities.