Investment Opportunity! Elgin Moray Business for Sale with Approved Flat Development Plan
Elgin, Moray
- Status
FOR SALE
- Advert ID
628890
- Reference
SPY-49501366 / Rightbiz
- Call Agent:
- Asking Price: £295,000
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Business for Sale in ELGIN Moray
- Viewing Recommended
- Superb location
- Services on site
- Short distance from Elgin town centre
- Full permission for 12 flats
- Generous plot size
The proposed development of 12 flats at Newfield House in Elgin presents a compelling investment opportunity, particularly given the current dynamics of the local housing market. Elgin is experiencing a significant shortage of rental properties, with demand far outstripping supply. This scarcity is driven by landlords opting to sell properties rather than rent them out, influenced by rising mortgage costs and regulatory challenges. Consequently, rental properties are highly sought after, often receiving multiple viewing requests shortly after being listed.
The planned flats at Newfield House are designed to meet this demand effectively. Each block will contain four flats, with two on the ground floor and two on the first floor, all featuring separate access. The flats will include an entrance hall, two bedrooms, a bathroom, and a kitchen/living area, making them attractive to a wide range of potential tenants and buyers. This type of property is in high demand, as evidenced by the rapid turnover of available rentals in the area.
Investors will find the Elgin housing market promising, as property prices have been on the rise and are expected to continue increasing due to ongoing development and regeneration projects in the town. The combination of a strong demand for rental properties and the upward trend in property values makes this development a strategic investment. Planning documents and related drawings for the project can be accessed online using references 09/02161/APP and 11/00233/APP.
Contact Agent
Listing Statistics
Advert Statistics Graph
Contact the seller for more details, or book a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
