Presenting a compelling renovation and investment opportunity in Lossiemouth, this property comes with approved planning permission for the conversion into eight serviced apartments alongside two commercial units. Nestled within the picturesque Lossiemouth Harbour, this site benefits from its location on the renowned Speyside Malt Whisky Trail, an area known for attracting visitors year-round.
The potential for transforming this space into lucrative short-term accommodation is significant. With current market trends indicating a strong demand for serviced apartments, projections suggest that each unit could generate up to £150 per night. Assuming a conservative occupancy rate of 75%, below the national average, the income potential could exceed £320,000 annually from the residential component alone.
In addition to the apartment revenue, the ground floor commercial units could yield further investment returns with anticipated rental incomes of around £6,000 per unit per year—bringing an additional potential annual income to approximately £12,000. This multifaceted approach to income generation enhances the property's appeal as a solid investment.
Situated in a vibrant coastal town known for its local attractions and thriving harbor filled with pleasure boats and yachts, this property offers not just a residence but an opportunity to capitalize on its strategic location. The surrounding area is rich in both natural beauty and recreational activities, making it attractive for tourists and locals alike.
With clear renovation possibilities and robust income projections, this property represents an exceptional investment prospect in a sought-after area of Moray.
