Land for sale in Sunrise Chinese Takeaway, Shore Street, Fraserburgh AB43

• Prime Property Auctions is excited to bring to market this exceptional Mixed Use Portfolio located within a prime location in Fraserburgh. ***Guide of £185,000***

• ***5, Shore Street, Fraserburgh, AB43 7ER previously sold £126,000, Seaview, Shore Street, Fraserburgh, AB43 7ER sold for £115,000, Seaview Cottage, 5, The Terrace, Fraserburgh, AB43 7EP sold for £135,000***

• Residential flat is currently tenanted and achieving rental income of £1000 p/m (£13,000 p/a) which could attract an excellent 7% gross yield if achieved for the guide price of £185,000

• Previously run as a popular Chinese takeaway, the property benefits from a large commercial premises fitted with ready to use equipment and a spacious 2 bedroom flat to the top. - ***rateable value £10,000***

• Commercial unit currently vacant could demand potential rental of £1,000/month, providing an exceptional investment opportunity for a shrewd investor.

Prime Property Auctions is excited to bring to market this exceptional Mixed Use Portfolio located within a prime location in Fraserburgh. **Guide of £185,000***

Property comprises: Commercial unit: Customer service counter, cooking equipment, large cooking area, kitchen, WC. Flat upstairs: Entrance hallway, Living room, 2 bedroom, Kitchen and Bathroom

Prime Opportunity for Commercial investors looking for a property in an excellent location with high yield potential. Sure to appeal to investors looking for an affordable commercial investment opportunity. Large 2 Bed flat set above commercial unit.

Great capital growth potential. The local area has seen some great sales comparables recently showing that there is strong demand.

Local sales evidence:

5, Shore Street, Fraserburgh, AB43 7ER previously sold £126,000, Seaview, Shore Street, Fraserburgh, AB43 7ER sold for £115,000, Seaview Cottage, 5, The Terrace, Fraserburgh, AB43 7EP sold for £135,000

For rental purposes, the property is achieving rental income of £1000 p/m (£13,000 p/a) which could attract an excellent 7% gross yield if achieved for the guide price of £185,000. Property benefits from a rateable value of £10,000.

This lot is open to immediate offers. Should you wish to offer now, you can do so via our “offer now” button on our website.

This property is offered at a fantastic price to ensure an Auction sale.

The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

Location:

Perched on the picturesque coastline of Aberdeenshire, Fraserburgh emerges as a promising investment destination ripe with potential. With its rich maritime heritage, stunning landscapes, and burgeoning tourism sector, Fraserburgh offers diverse opportunities across various industries. The town's strategic location along the North Sea and proximity to major transportation routes make it an attractive hub for commercial and residential developments. Investors can capitalise on Fraserburgh's historic charm and vibrant community spirit by supporting local businesses, cultural initiatives, and infrastructure projects. Additionally, the town's access to pristine beaches, rugged cliffs, and outdoor recreational activities presents opportunities for tourism, hospitality, and leisure ventures. Investing in Fraserburgh not only promises financial returns but also contributes to the town's continued growth and prosperity as a thriving coastal gem in Scotland.