Mixed Use Investment Property - Retail And Flats

This mixed-use investment property enjoys a prime position on Fraserburgh High Street in the north-east of Scotland. The property comprises a ground floor retail unit of approximately 80 square metres, which is currently tenanted, together with four residential flats above consisting of three one-bedroom units and one two-bedroom unit. The retail tenant has been in occupation for approximately 10 years on an informal arrangement, generating £600 per calendar month (£7,200 per annum), and has expressed a clear desire to remain under new ownership, providing instant income from day one. The upper flats are currently vacant and offer significant income potential. At Local Housing Allowance rates and following upgrade works, these flats could potentially achieve over £24,500 per annum, with the possibility of greater returns through the short-term rental market, subject to obtaining the necessary consents. While some upgrading works are required, the residential element offers a combined Home Report valuation of £125,000, making the guide price highly competitive with strong value-add potential. Fraserburgh is currently undergoing notable regeneration, with harbour expansion and forthcoming offshore wind developments set to drive increased rental demand for both long-term and short-term accommodation. The coastal town of Aberdeenshire offers a range of retail and leisure facilities including supermarkets, independent retailers, cafés, restaurants, banking services, primary and secondary schooling, healthcare facilities, and leisure amenities such as sports centres and coastal walks. Fraserburgh enjoys strong road connections via the A90 and A952, providing direct access to Peterhead, approximately 17 miles away, and Aberdeen, approximately 40 miles away. Regular bus services also link the town with surrounding locations. The area is benefitting from significant investment and regeneration linked to the expansion of Fraserburgh Harbour and the wider growth of the offshore wind sector in the North Sea, with major renewable energy projects and infrastructure upgrades expected to drive employment and population demand.