2 bedroom flat for sale

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2 bedroom flat for sale

Sunrise Chinese Takeaway, Shore Street, Fraserburgh, AB43 7ER
£165,000

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
Price Change -10.81%

Description

This exceptional mixed-use portfolio is located in a prime location in Fraserburgh, Aberdeenshire, and is being offered for sale with a guide price of £165,000. The property comprises a commercial unit, previously run as a popular Chinese takeaway, and a spacious two-bedroom flat above. The commercial unit is currently vacant but has potential for rental income of £1,000 per month, providing an excellent investment opportunity. The flat is currently tenanted and achieves rental income of £1,000 per month, equivalent to a 7.8% gross yield if achieved for the guide price. The property benefits from a rateable value of £10,000 and has previously sold comparable properties in the area for £126,000, £115,000, and £135,000. This is a prime opportunity for commercial investors looking for a property with high yield potential in an excellent location, with great capital growth potential and local sales evidence to support its value.