Description
FANTASTIC DEVELOPMENT OPPORTUNITY. **PLANNING PERMISSION GRANTED for conversion to 8 x Serviced Apartments and 2 x commercial units** in stunning location on Lossiemouth Harbour.
Assuming 75% occupancy rates (below national average of 78%) the apartments could generate an income in excess of £320,000 per annum with demand generated by excellent location. SUPER OPPORTUNITY.
The ground floor commercial units offer potential rental income of up to £6,000 per annum per property- giving an additional potential income of £12,000 per annum. 100% PRIME INVESTMENT
SUPER LOCATION within the popular Moray Costal Town of Lossiemouth offering super access to local attractions. The Jewel of Moray harbour is largely filled with pleasure boats and yachts all year.
FANTASTIC DEVELOPMENT OPPORTUNITY. **PLANNING PERMISSION GRANTED for conversion to 8 x Serviced Apartments and 2 x commercial units** in stunning location on Lossiemouth Harbour. ***SET ON THE SPEYSIDE MALT WHISKY TRAIL*** Generating massive demand for short-term accommodation. POTENTIALLY OUTSTANDING INCOME FROM SERVICED APARTMENTS with realistic potential income up to £150 per night per property (£1,200 per night) extremely sought after location set on the famous harbour. Assuming 75% occupancy rates (below national average of 78%) the apartments could generate an income in excess of £320,000 per annum with demand generated by excellent location. SUPER OPPORTUNITY. The ground floor commercial units offer potential rental income of up to £6,000 per annum per property- giving an additional potential income of £12,000 per annum. 100% PRIME INVESTMENT. SUPER LOCATION within the popular Moray Costal Town of Lossiemouth offering super access to local attractions. The Jewel of Moray harbour is largely filled with pleasure boats and yachts all year. Stunning setting on the Speyside Whisky trail.
Lossiemouth Harbour is located on the Speyside Whisky Trail with 8 malt whisky distilleries and a cooperage making up the world famous tourist route and attracting a massive influx of visitors throughout the year. Lossiemouth is located approximately 5 miles from the larger town of Elgin, 40 miles from Inverness and 70 miles from Aberdeen.
Full Address: 25 Pitgaveny Street, Planning Permission Granted, Lossiemouth, IV31 6NT
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Pricing Information & Bidding
Opening Bid: £125,000
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Terms of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.
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Auction Details
Type: Timed Online Auction
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