This commercial property presents a promising investment opportunity in the heart of Banff. With its prime location on a main road, it benefits from substantial foot traffic, making it ideal for businesses aiming to attract walk-in customers. The space currently comprises a retail area, WC, storage rooms, and office space, but it is in need of renovation to unlock its full potential.
Once refurbished, the property could generate a monthly rental income estimated between £400 and £500, translating to an annual yield of approximately £4,800 to £6,000. This provides an attractive prospect for both investors seeking profitable returns and owner-occupiers looking for an affordable base to operate their business.
There is also potential for a change of use to various types of enterprises such as a café or takeaway, pending necessary approvals. The property boasts a rateable value of £6,800 per annum and could benefit from 100% small business relief. Given Banff's stability and demand across diverse sectors—bolstered by its local economy tied to tourism and agriculture—this property is well-positioned for long-term growth.
