Future Property Auctions · 22 Oct 2026 · in 3 days
32 High Street, Development with Planning, Banff, AB45 1AE
32 High Street, Development with Planning, Banff, AB45 1AE · Scotland
LiveMixed-useFreeholdLet
- Opening bid
- £27,000a starting bid, not a guide: lots usually sell well above it
- Rent a year
- £100,000
- Yield on the opening bid
- –
- Payback
- –
- Net yield, after buying costs, at the opening bid
- 🔒 With access
- Likely to sell for
- 🔒 With access
- Energy rating
- Not published
- Size
- 8,021 sq ft£12.47 rent per sq ft
What it costs to own
The price is only part of it. Every auction house adds a buyer's fee, and you pay stamp duty and a solicitor. Net yield is the rent over all of it.
The cost breakdown and net yield: included with access, £49 a month. Start with a free account.
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From what comparable lots actually sold for against their guide, in Cornerlot's results.
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Future Property Auctions hasn't published a rating for this lot. Ask for the certificate or check the legal pack: in England and Wales, a commercial property rated F or G can't be let without a registered exemption.
How it compares
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Create an accountHistory
- First listed on Cornerlot 11 Oct 2026.
Future Property Auctions' record
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Create an accountAbout the lot
Freehold mixed use lot in Banff. Producing £100,000 a year.
Commercial Investment. *** PRIME DEVELOPMENT OPPORTUNITY *** FULL PLANNING GRANTED for RETAIL UNIT and 9 RESIDENTIAL PROPERTIES. Application No. APP/2022/0909 SUIT SHREW INVESTOR OR DEVELOPER (GDV) estimate of £1,100,000. *** LUCRATIVE INVESTMENT *** in thriving Banff. Substantial vacant high street retail unit encompassing approx. 745.2sqm, this property presents a rare chance for astute investors and developers. Estimated rental income of £100,000 per annum with full occupancy, providing a lucrative revenue stream for investors. Please see Aberdeenshire Council Planning portal application no: APP/2022/0909. Planning permission secured for conversion into a retail unit on the street level and nine residential properties, catering to diverse investment strategies. Desirable Location: Situated in Banff's historic town centre, offering a vibrant community, scenic walking areas, sandy beaches, and a charming harbour. *** PRIME DEVELOPMENT OPPORTUNITY *** FULL PLANNING GRANTED for RETAIL UNIT and 9 RESIDENTIAL PROPERTIES. Application no. APP/2022/0909 SUIT SHREW INVESTOR OR DEVELOPER (GDV) estimate of £1,100,000. *** LUCRATIVE INVESTMENT *** in thriving Banff. Substantial vacant high street retail unit encompassing approx. 745.2sqm, this property presents a rare chance for astute investors and developers. Estimated rental income of £100,000 per annum with full occupancy, providing a lucrative revenue stream for investors. Please see Aberdeenshire Council Planning portal application no: APP/2022/0909. Key Features: Versatile Zoning: Planning permission secured for conversion to a retail unit on the street level, complemented by nine residential properties to the rear. Income Potential: Estimated rental income of £100,000 per annum with all units occupied. £18.000 for the Commercial unit. And around £80.000 when all residential units are rented. Desirable Location: Situated in Banff's historic town centre, offering a vibrant community, scenic walking areas, sandy beaches, and a charming harbour. Projected Returns: Building cost estimate of £570,000 with a Gross Development Value (GDV) estimate of £1,100,000, ensuring substantial returns on investment. Unit Composition: Property consists of:- Development opportunity in Banff town centre. Currently a large empty commercial unit of circa 745.2sqm, the property has permission in place for change of use to form a retail unit on the street and 9 residential units to the rear, consisting of: Unit 1 - 2 Bedroom. Unit 2 - 2 Bedroom. Unit 3 - 1 Bedroom. Unit 4 - 1 Bedroom. Unit 5 - 1 Bedroom. Unit 6 - 1 Bedroom. Unit 7 - 3 Bedroom with Roof Terrace. Unit 8 - 3 Bedroom with Roof Terrace. Unit 9 - 3 Bedroom with Roof Terrace. Currently consists of Ground Floor 328.42 sq m. Lower Ground 285.22sq m. Mezz 95sq m. 1st floor 49.27 sq m. Ideal for investors, developers, or entrepreneurs seeking to capitalize on Banff's growth potential and shape the town's evolving landscape. The property lies on High Street, the main…
Figures come from Future Property Auctions' published lot details and Cornerlot's own record of UK auction results. They're calculations, not advice or a valuation: read the legal pack and take professional advice before you bid.