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PRIME RESIDENTIAL DEVELOPMENT OPPORTUNITY IN CENTRE OF BANFF

For sale: POA|Residential, Retail, Hotel, Flat, Leisure Property, Hotels, Licensed & Leisure

PROPERTY DETAILS

FOR SALEPOA
ADDRESSEllerslie House, 45 Low Street, Banff, Aberdeenshire, AB45 1AU
TYPEResidential, Retail, Hotel, Flat, Leisure Property, Hotels, Licensed & Leisure
TENUREDevelopment Opportunity, Investment Opportunity, For Sale Freehold
POSTED ON13th October 2020

DESCRIPTION

PRIME CENTRE LOCATION
SUBSTANTIAL 3 STOREY DEVELOPMENT
FORMER CARE HOME
RATES EXEMPT
10 BEDROOMS PLUS LIVING ROOMS
PRICE: £115,000

Location

The property is situated on the west side of Low Street opposite it’s junction with Bridge Street within the town centre of Banff. Banff is an attractive coastal town with a population of 4,000, located on the west side of Banff Bay, at the mouth of the River Deveron, and lies opposite MacDuff, a fshing town of a similar size. Established in the 12th century and awarded Royal Burgh status, Banff has an historic central part which includes a wide variety of buildings dating from the 16th to the 20th centuries. The town has an extensive retail centre and is a popular summer tourist destination, forming part of the stunning Coastal Trail along the North-East coast. It has outstanding recreational facilities, including a high quality 18 hole golf course, a sailing marina, Duff House a magnifcent Georgian property which is an outstation of the National Galleries of Scotland and salmon fIshing on the Deveron. Aberdeen is 45 miles to the south.


Description

The property comprises a substantial 4 storey development of traditional construction surmounted by a pitched roof overlaid in slate. The property forms the upper floors of a mixed development comprising 1st, 2nd & 3rd floors with access gained via a street level entrance.

Internally the property has been formed as a care home with 10 bedrooms and 2 no. upgraded bathrooms, large kitchen, dining room and 2 no large reception rooms.

The space would lend itself to redevelopment to either residential dwellings or a hotel facility with some reconfiguration of bedrooms. Sizes of rooms are available on request.

Area

The property has been calculated to offer the following floor areas;

1st Floor: 103sqm (1,103sq ft)
2nd Floor: 129sqm (1,388sq ft)
3rd Floor: 69sqm (742sq ft)

Total: 301sqm (3,238sq ft)

NAV/RV

The property has been assessed and entered onto the valuation roll with the following NAV/RV

£6,400

The property qualifies for rates exemption under the small business bonus scheme

Price

The property is available on a freehold basis for £115,000

Rent

Our client would consider renting the property on a new full repairing and insuring head lease for a negotiable term. Rent on application

V.A.T

Prices quoted are exclusive of V.A.T

E.P.C

Available on request

Viewing

Via appointment with the marketing agent

Legal

Each party shall bear their own legal costs incurred in the transaction

LOCATION

Location: Ellerslie House, 45 Low Street, Banff, Aberdeenshire, AB45 1AU
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