* First Floor Flat with potential to be converted into 2 flats (subj. Consents). Set in the quiet seaside village of Banff. Requires full refurbishment throughout. Apartment in Superb Coastal Location.
* First Floor Flat with existing dividing wall. Further development required to complete conversion into 2 properties. Property would be a superb rental property or short term holiday let.
* Rental potential of £800 pcm giving a possible gross rental of £9, 500 per annum. Excellent investment opportunity. Benefits from shared garden area to the rear of the property.
* Sales Evidence: 10 Strait Path, Banff, 1 bed sold for £60, 000. 1a Strait Path, Banff sold for £43, 000. Excellent Buy to Let Investment Property or Holiday Let once internal refurbishment completed.
* Close to all local amenities within the historic town of Banff. Walking distance to the town centre and public transport links to Aberdeen and Inverness available immediately outside the property.
** sale by auction - 16 November 2023 - Timed Online Auction **
enhanced terms offered on this lot. . .
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
The property is located within walking distance of the coastal path, harbour
and many shops, and would make a perfect home for someone looking for a
holiday home or as a tranquil seaside retreat. Banff itself is served well by
educational, retail and leisure opportunities. Lot consists of a large flat
with existing dividing wall. Further development required to complete
conversion into 2 flats. Finished Property would be a superb rental property /
short term holiday let with rental potential of £800 per month (once
refurbished). *** excellent development opportunity *** Sales Evidence: 10,
Strait Path, Banff, 1 bed sold for £60, 000. 1a Strait Path, Banff sold for
£43, 000. Excellent Buy to Let Investment Property or Holiday Let/Holiday
Apartment in superb coastal location.
Many of the properties located in Banff date back to the late 17th or 18th
century including the magnificent Duff House which was built in 1730. Duff
House operates as an outstation for the National Galleries of Scotland and has
extensive grounds including a play park for children. There is a regular bus
service into Aberdeen and schooling is available locally with various primary
options and secondary schooling provided at Banff Academy. Gordonstoun School
is a co - educational independent school for boarding and day pupils in Moray.
Banff offers a wide range of local amenities and activities including fishing,
golfing, walking and cycling. There are also a number of castles and
distilleries nearby. Banff is a vibrant town located on the coast of
Aberdeenshire which is one of the fastest growing regions in Scotland and is
very popular for holiday staycations.
**Auction Details**
16 November 2023, 10am - 3pm
Timed Online Auction
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