2-bedroom house · AB45 1DS
Listing removedListed 260 days
Opportunity summary
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About
Commercial unit with tenanted two bedroom flat above This mixed use property is situated close to Banff town centre and offers an attractive opportunity to combine both residential and commercial investments.
The ground floor commercial unit, formerly trading as Seafield Bakery, extends to approximately 139 sq. Metres.
The accommodation comprises a front retail area, ovens, storage area, back shop and kitchen, together with an attic area providing additional storage.
The commercial unit is currently vacant and has a rateable value of £7,200, which may qualify for small business rates relief.
The residential accommodation is over the first and second floors and comprises a bright living room, dining kitchen and bathroom at first floor level, with two bedrooms and a storage cupboard on the upper floor.
The flat is being sold with tenant in situ, producing an immediate rental income of £450 per calendar month (£5,400 per annum), with potential for future rental growth in line with current legislation.
This property offers an excellent opportunity for investors, with scope to increase income through commercial rental or owner/operator. Early viewing is strongly recommended. Council Tax Band: A.
The coastal town of Banff lies within north Aberdeenshire, approximately 50 miles north of Aberdeen.
St Catherine Street lies close to the town centre, with a variety of retail and leisure options close by, with both primary and secondary schooling available in the town.
Regular bus services are available, train stations being Huntly, Inverurie and Dyce, and the A947 providing a direct route south.
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Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 6 & 8 Seafield Street, Banff
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