Commercial unit with tenanted two bedroom flat above

This mixed use property is situated close to Banff town centre and offers an attractive opportunity to combine both residential and commercial investments. The ground floor commercial unit, formerly trading as Seafield Bakery, extends to approximately 139 sq. metres. The accommodation comprises a front retail area, ovens, storage area, back shop and kitchen, together with an attic area providing additional storage. The commercial unit is currently vacant and has a rateable value of £7,200, which may qualify for small business rates relief. The residential accommodation is over the first and second floors and comprises a bright living room, dining kitchen and bathroom at first floor level, with two bedrooms and a storage cupboard on the upper floor. The flat is being sold with tenant in situ, producing an immediate rental income of £450 per calendar month (£5,400 per annum), with potential for future rental growth in line with current legislation. This property offers an excellent opportunity for investors, with scope to increase income through commercial rental or owner/operator. Early viewing is strongly recommended. Council Tax Band: A.

Tenure

Freehold

Area

The coastal town of Banff lies within north Aberdeenshire, approximately 50 miles north of Aberdeen. St Catherine Street lies close to the town centre, with a variety of retail and leisure options close by, with both primary and secondary schooling available in the town. Regular bus services are available, train stations being Huntly, Inverurie and Dyce, and the A947 providing a direct route south.

Energy Efficiency Rating (EPC)

Current Rating G

Local Authority

Aberdeenshire Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.