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Pitgaveny Street, Planning Permission... Studio for sale
Pitgaveny Street, Planning Permission Granted, Lossiemouth IV31
£111,000
Pitgaveny Street, Planning Permission Granted, Lossiemouth IV31
£111,000
Our Summary
- FANTASTIC DEVELOPMENT OPPORTUNITY
- *PLANNING PERMISSION GRANTED for conversion to 8 x Serviced Apartments and 2 x commercial units* in stunning location on Lossiemouth Harbour
- The ground floor commercial units offer potential rental income of up to £6,000 per annum per property- giving an additional potential income of £12,000 per annum
- Auction Details19 December 2025, 12pm Deadline for OffersHow 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
- AUCTION DATE: 19 December 2025
Description
This fantastic development opportunity in Lossiemouth Harbour offers a rare chance to convert a property into 8 serviced apartments and 2 commercial units, with planning permission already granted. The location is stunning, situated on the Speyside Malt Whisky Trail and surrounded by the picturesque harbour, generating massive demand for short-term accommodation. With realistic potential income of up to £150 per night per property, the serviced apartments could generate an income of over £320,000 per annum, assuming 75% occupancy rates. Additionally, the ground floor commercial units offer potential rental income of up to £6,000 per annum per property, adding an extra £12,000 to the annual income. This is a prime investment opportunity, offering a 100% return on investment, with the added bonus of being located in a popular coastal town with stunning views and access to local attractions.