Guide Price £450,000.00
Guide Price £450,000
***Six-Property Scottish Investment Portfolio***
Brighton and Beck offer to online auction an exceptional and substantial six-property
investment portfolio, comprising a diverse mix of residential, serviced-accommodation,
hospitality and redevelopment assets across Fraserburgh and Forfar, offered with an
extremely attractive guide price of £450,000.
The portfolio has been aggressively priced to encourage a sale and presents a rare
opportunity for investors, developers, serviced-accommodation operators and portfolio
landlords to acquire a substantial collection of property interests within one transaction,
with clear potential for capital uplift, rental income and a range of future exit strategies.
The Fraserburgh element of the portfolio includes 63A Broad Street, 10–12 Saltoun Square
/ 12A High Street, and the imposing former Royal Hotel.
At 63A Broad Street, purchasers will acquire a substantial and flexible property extending
to approximately 227 sq m, providing five-bedroom accommodation, multiple bathroom
facilities, generous living space and a large lower-level area currently utilised as a gym. The
scale and layout of the property provide potential for a variety of residential or investment
uses, subject to any necessary consents.
The Saltoun Square / High Street property provides further substantial residential
accommodation together with a private courtyard, garage, storage and additional
outbuilding space, offering considerable flexibility and potential for refurbishment,
reconfiguration or alternative use.
The flagship Fraserburgh asset is the former Royal Hotel, an imposing traditional granite
building occupying a highly prominent corner position within the town centre. The property
is no longer trading as a hotel and extends to approximately 1,019 sq m over multiple levels,
incorporating numerous former guest bedrooms, bathrooms and en-suite facilities
together with extensive reception, lounge, dining, service and ancillary accommodation.
The Royal Hotel may offer significant potential for serviced accommodation, contractor
accommodation, aparthotel use, residential conversion or other hospitality and
redevelopment uses, subject to planning, building standards, licensing and all necessary
consents.
The serviced-accommodation angle is particularly worthy of consideration given the level of
infrastructure and energy-sector investment proposed across the wider north-east of
Scotland. At Peterhead, SSE Thermal and Equinor are progressing proposals for a new
carbon-capture-equipped power station, with the project estimating approximately £2.2
billion of expenditure across its development, construction and early operational life,
including substantial anticipated expenditure within Aberdeen City and Shire.
Closer to the property, Fraserburgh Harbour is progressing an ambitious long-term
expansion programme designed to significantly increase the port's capacity and attract
additional maritime, vessel-repair and offshore-energy activity. Proposals include a new
deep-water harbour, additional operational quayside, improved access, a new dry dock and
facilities capable of accommodating larger vessels and offshore-energy support
operations.
The Harbour Masterplan estimates that the development could safeguard and create
approximately 1,120 full-time equivalent employment opportunities, while attracting new
businesses and increasing economic activity within Fraserburgh and the wider north
Aberdeenshire area.
The portfolio also includes 37A, 37B and 37C Castle Street, Forfar, comprising three
self-contained apartments which have been operated within the serviced-accommodation
market. These consist of two spacious two-bedroom apartments together with a smaller
one-bedroom attic apartment, providing an established short-term accommodation
proposition as well as potential for conventional residential letting or future individual
resale.
The two larger Castle Street apartments have historically supported stronger nightly rates,
while the smaller attic apartment would reasonably be expected to command a lower rate.
At an illustrative 75% occupancy level, the three apartments could potentially generate a
substantial combined gross annual turnover, although purchasers should satisfy
themselves as to achievable nightly rates, occupancy levels, operating costs and all
relevant licensing requirements.
One of the strongest aspects of the portfolio is the diversity of potential income and exit
strategies available to an incoming purchaser. Selected properties may be retained and
operated for rental or serviced accommodation, others may be refurbished and
repositioned, and there may also be scope for future individual resale or redevelopment,
subject to the appropriate consents.
The Fraserburgh assets may also benefit from wider investment proposed across the
north-east of Scotland, including plans to expand Fraserburgh Harbour and ongoing
energy and infrastructure investment around Peterhead and the surrounding area, which
may support future demand for contractor and medium-term accommodation.
At a guide price of just £450,000 for all six properties, the portfolio represents a
substantial discount when considered against the combined current values and underlying
potential of the individual assets. The pricing has been deliberately set at an attractive level
to encourage competitive interest and provide an incoming purchaser with the opportunity
to unlock further value through refurbishment, improved management, redevelopment and
asset optimisation.
This is a significant multi-property acquisition opportunity offering residential income,
serviced-accommodation potential, substantial redevelopment opportunities and multiple
future exit routes across two established Scottish locations.
Early viewing and enquiries are highly advised, given the aggressive guide price and the
scale of the opportunity being offered.
Important Note
The latest published guide price is displayed on the website. The reserve price is the minimum price at which the property may be sold. The guide price represents the minimum price at which the seller may be prepared to sell on the date the guide price is published.
Both the guide price and the reserve price may be subject to change up to and including the day of the auction. All guide prices are quoted “subject to contract.” The reserve price may be higher than a previously quoted guide price. The guide price will be published online as soon as it becomes available. Lots may be sold or withdrawn prior to the auction.
Auction properties are subject to a buyer’s premium of a minimum of £5,000.00 + VAT (£6,000.00).
Each property listing will state the applicable buyer’s premium. For further information regarding a property’s buyer’s premium or any related fees, please contact a member of the team.