Shore Street, Fraserburgh AB43 2 bed flat for sale

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Shore Street, Fraserburgh AB43 2 bed flat for sale

Sunrise Chinese Takeaway, Shore Street, Fraserburgh, AB43 7ER
£125,000

Price History

Initial price £185,000
28/03/24 £175,000
27/04/24 £170,000
09/10/24 £165,000
28/10/24 £150,000
18/11/24 £165,000
01/04/25 £125,000
Price Change -32.43%

Description

Prime Property Auctions presents a unique mixed-use portfolio in Fraserburgh, Aberdeenshire, with a guide price of £165,000. The property comprises a commercial unit with a rateable value of £10,000, previously used as a popular Chinese takeaway, and a spacious 2-bedroom flat above. The commercial unit is currently vacant, but has the potential to generate £1,000 per month in rental income, offering an exceptional investment opportunity. The residential flat is currently tenanted, achieving £1,000 per month in rental income, providing a 7.8% gross yield if purchased at the guide price. The property benefits from a strong local demand, with recent sales comparables showing a high level of interest in the area. The location offers great capital growth potential, with the potential for rental income and a thriving tourism sector. This property is open to immediate offers and will feature in a timed online auction.