For Sale By Auction | 14:00, 21 November 2019

35A, Bridge Street, Banff, Aberdeenshire, AB45 1HD

*Guide | £65,000+ (plus fees)

  • Commercial Property
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 21/11/2019

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Former care home

Excellent investor opportunity to purchase this former care home with residential potential as one house or flats (subject to local consents). The property currently comprises nine bedrooms, living room, two dining rooms and kitchen. The accommodation on offer had a home report carried out in 2018 with a value of £150,000 and at such an attractive guide price offers an outstanding discount of over 45% if purchased at the current guide. Although the property would benefit from some modernisation, Bridge Street falls under the local regeneration programme and as such the property may be entitled to property improvement grants.

Tenure

Freehold

Home report £150,000 (2018)

Huge potential

Commercial or residential use

Opportunity to add value

Within local regeneration area

Requires some modernisation

Close to amenities

Area

Banff is a historic Country Town situated at the Estuary of the River Deveron on the Moray Firth Coast. The town provides a range of Shopping and Leisure facilities including 18 hole Golf Course, Sports Centre and Swimming Pool. The City of Aberdeen with main railway station and airport is approximately 46 miles.

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Aberdeenshire Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.