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Pitgaveny Street, Lossiemouth... Residential development for sale
Pitgaveny Street, Lossiemouth, Morayshire
£239,950
Pitgaveny Street, Lossiemouth, Morayshire
£239,950
Our Summary
- This development opportunity is located on Pitgaveny Street in Lossiemouth, overlooking the harbour
- The proximity to schools, shops, and transport links makes this development opportunity an attractive choice for potential investors or developers
- Property25 Pitgaveny Street, formerly known as the Harbour Bar, offers a unique development opportunity
- Planning permission has been granted (reference: 22/01881/APP) to demolish the existing building and convert it into a mixed-use development
- This property represents an excellent long-term investment opportunity, offering potential for both commercial and holiday let income
- Planning permission has been granted for a rear opening from Baker Street, along with the creation of six parking spaces and a bin store
- Planning Permission 22/01881/APP
Description
This development opportunity is a unique property located on Pitgaveny Street in Lossiemouth, overlooking the harbour and offering stunning views. The property is situated in a central position, providing easy access to local amenities, including shops, cafes, and restaurants, as well as schools, including St Gerardine Primary School and Lossiemouth High School. The town is also close to Elgin, which offers further educational opportunities and rail links to other parts of Scotland. The property features a commercial element on the ground floor, previously used as a bar, and upper floors with three bedrooms, a reception room, bathroom, and kitchen. Planning permission has been granted to demolish the existing building and convert it into a mixed-use development, featuring two commercial units and eight Air BnB/self-catering apartments, or alternatively, it could be developed into two luxurious town houses. The property offers a unique investment opportunity, with potential for both commercial and holiday let income, and is also suitable for residential development.