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Investment property with development potential

Fraserburgh, AB43 - Get Access

Description

This vacant commercial unit is located within a prime location in Fraserburgh. The property spans 25.20 square metres and comprises an inviting entrance, a conveniently located main floor WC, and a practical storage room. Offering potential to achieve £9,000 per annum, this unit translates to an impressive gross yield of 26%, making it an attractive investment opportunity. While the property requires renovation to reach its full potential, once refurbished, it is certain to appeal to business owners searching for their next strategic location. With a rateable value of £1,392, the property benefits from low-rate relief, offering significant savings for anyone looking to embark on their next affordable venture. Fraserburgh is a bustling town known for its rich maritime history and vibrant community, offering a thriving commercial environment that makes it an ideal spot for businesses to flourish.
Comparable sales
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Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 271 sq ft (Listing)

This commercial property in Fraserburgh was valued by assessing prevailing capital rates for small retail and business spaces in the area, taking into account its compact 271 sq ft floor area. The unit requires internal modernisation, including completing the toilet facilities and updating wall finishes, which has been factored into the final assessment. Valuation floor area was sourced at 271 sq ft (25 m²) for internal calculations.

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