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Broad Street, Fraserburgh, AB43

Guide Price £450,000.00

Bedrooms: Bedrooms
Bathrooms: Bathrooms
Living rooms: Receptions

Broad Street, Fraserburgh, AB43

Guide Price £450,000

Bedrooms: Bedrooms
Bathrooms: Bathrooms
Living rooms: Receptions
Auction starts on

Key Features

  • FANTASTIC MIXED USE PORTFOLIO
  • INCREDIBLE GUIDE PRICE AGAINST VALUATION
  • MIX OF SA, BTL AND HOTEL WITH SA POTENTIAL
  • REFURBISHMENT REQUIRED
  • VIEWING ESSENTIAL TO FULLY APPRECIATE

Description

***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.

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