Timed Online Auction

04 November 2021, 10am-3pm

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 25 The Former Post Office, Duff Street, Macduff, Banffshire, AB44 1TL

**SUPERB DEVELOPMENT OPPORTUNITY** Former Post Office in Scenic Harbour village of Macduff. Site has residential planning permission and offers great potential.

Building Warrant and Planning in place to convert into 5 residential units- 3 x 2 bed flats, 1 x 1 bed flat and 1 x 2 bed house. Also included in sale is tenanted ground floor retail unit.

HUGE POTENTIAL- Average house price on Duff Street 144,000 giving a potential end value of around 800,000. Planning Reference:- APP/2016/1771

SUPER LOCAL SALES EVIDENCE- 102, Duff Street, Macduff, 183,000...86, Eden Kyle, Duff Street, Macduff, 142,500...109, Duff Street, Macduff, 168,000.

Attractive Northern Scottish town on the North sea - former fishing village offering quiet semi rural life, Macduff is 45 miles, approximately an hours drive from the Vibrant City of Aberdeen.

**SUPERB DEVELOPMENT OPPORTUNITY** Former Post Office in Scenic Harbour village of Macduff. Site has residential planning permission and offers great potential. Site is sure to appeal to the shrewd investor. Building Warrant and Planning in place to convert into 5 residential units- 3 x 2 bed flats, 1 x 1 bed flat and 1 x 2 bed house. Also included in sale is tenanted ground floor retail unit. Retail Unit is occupied by popular and established dental ceramics business that generates a monthly income and ensures instant return on investment. Once conversion is complete the former post office would house 4 residential units and large garage and stores to the rear is a separate building that has planning and building warrant to convert into a two bed house. Planning Reference:- APP/2016/1771 HUGE POTENTIAL- Average house price on Duff Street 144,000 giving a potential end value of around 800,000 SUPER LOCAL SALES EVIDENCE- 102, Duff Street, Macduff, 183,000...86, Eden Kyle, Duff Street, Macduff, 142,500...109, Duff Street, Macduff, 168,000.

Macduff itself offers a host of local amenities as well as a fine local beach. Perfect location with many additional features. The Royal Tarlair Golf club is located close to the property. Duff Street is the main thoroughfare through the town of Macduff which offers useful amenities including bars, restaurants, supermarkets and shops. Macduff is 45 miles, approximately an hours drive from the Vibrant City of Aberdeen.

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Pricing Information & Bidding

Opening Bid: £102,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 04 November 2021, 10am-3pm
Type: Timed Online Auction

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