Property for sale

Park Road, Elgin, Moray IV30

A rare opportunity to acquire a former successful shop, now largely demolished, with huge potential to create something new in the heart of the village of Lhanbryde, near Elgin.

This property has been taken back to the solid bones of the existing structure, providing a fantastic starting point for an ambitious buyer. Whether you choose to utilise the existing foundations and remaining structure and rebuild in place, or remove the current structure entirely and create your own vision from the ground up, the possibilities are exciting- subject to the necessary planning and consents.

Previously operating successfully for a number of years as a shop, the property offers the opportunity to bring a former local business premises back to life, restoring it to its former use or transforming it into something entirely different to meet modern needs.

The site may also offer potential for residential development. The existing structure, foundations and historic use of the site provide an interesting starting point from which a purchaser can explore future redevelopment possibilities. All proposals would, however, be subject to the necessary planning and statutory consents and the auctioneer can offer no guarantees regarding future development.

With its village location close to Elgin, existing structure and flexible redevelopment potential, this could appeal to investors, developers, entrepreneurs or buyers looking for a project with scope to add significant value.

The wider Elgin and Moray area represents an established property market with continuing demand for housing. The location therefore adds another dimension for purchasers wishing to investigate residential redevelopment or the creation of a future income-producing asset, subject to planning and all necessary consents.

With private rents across the wider Moray rental market having increased in recent years, the property presents an interesting opportunity for an investor or developer to explore its potential for residential redevelopment and future rental use.

Key Highlights
Former successful village shop
Partly demolished with existing solid walls and ceiling beams remaining
Existing structure and foundations provide a head start for redevelopment
Potential to rebuild, reconfigure or create an entirely new development
Potential residential development opportunity, subject to planning
Excellent project for developers, investors or entrepreneurs
Located in Lhanbryde, Moray, within easy reach of Elgin

A property with a history, a strong starting point and the opportunity for an entirely new future.

This lot is offered without planning permission and all future development is subject to the necessary planning and statutory consents. Braveheart Auctions can offer no advice or guarantees regarding planning.

This lot will be sold under auction terms and conditions by Braveheart Auctions.

Speak to one of our dedicated team today for more information or visit our website.

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