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5-7 Strait Path, Banff, AB45 1AD

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5-7 Strait Path, Banff, AB45 1AD

£20,000

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Commercial Development

Commercial

5-7 Strait Path, Banff, AB45 1AD

Commercial Investment Opportunity

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Description

  • PRIME NEW ENTRY. We are excited to present this commercial Investment opportunity, situated in a centre location in Banff.

  • For rental purposes, once renovated the property could potentially attract a monthly rental income of £400-£500 p/m (£4,800-£6,000 p/a).

  • Property would benefit from renovation. Sure to appeal to shrewd commercial landlords looking for potential investment or owner occupiers looking for an affordable unit to run a business from.

  • Property has Potential for change of use to takeaway/cafe, subject to gaining necessary licenses and permissions. Rateable Value £6,800 p/a benefiting from 100% small business relief.

  • Property is situated on a main road location, benefiting from good footfall. 

PRIME NEW ENTRY. We are excited to present this Excellent Commercial Investment opportunity within a prime location in Banff.

Property Comprises:  retail area, WC, storage rooms and office space. 

Excellent development potential. Property could suit a variety of uses such as vape shop, barber, hairdressers etc. 

Once renovated, Property could potentially achieve a monthly rent of £4,800 - £6,000 per annum. Excellent yield potential.

Rateable Value £6,800 p/a

Location ensures good footfall and is sure to appeal to investors and business owners alike.

Location

 

Banff, a historic coastal town in Aberdeenshire, offers commercial investors a compelling mix of stability, affordability, and long-term potential. Anchored by its harbour, strong local services, and proximity to the A98, Banff serves a wide rural catchment and benefits from steady demand for retail, hospitality, industrial, and office space tied to agriculture, fishing, tourism, and the wider Aberdeenshire economy. Property prices and yields remain attractive compared with larger Scottish cities, while limited new supply supports rental resilience.

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10%, minimum deposit £5,000

3% subject to a minimum of £5,000 plus VAT

Total payable today if offer accepted (deposit + fee)

£11,000

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.