Summary - South Street, Elgin, Morayshire IV30 1LE
1 bed 1 bath Residential Development
**Investment Highlights:**
- Unique mixed-use development potential
- Planning permission granted for 8 apartments and 1 retail unit
- Centrally located in a high-demand, urban area
- Currently functioning as a private car park
- Strong rental market with low vacancy rates
- Near essential amenities, schools, and transport hubs
- Traditional stone architecture blending with the local aesthetic
Positioned at 13 South Street, Elgin, this promising development opportunity encapsulates a rare blend of residential and retail prospects in an area with thriving real estate growth. The site boasts approved planning for eight modern apartments and a retail unit, making it an ideal investment for those looking to capitalize on the high demand for rental properties. Currently serving as a private car park, it holds excellent potential to attract families and professionals drawn to the central location that offers easy access to shops, dining options, and vital amenities.
The property’s advantageous position is complemented by robust transport connections, ensuring convenience for daily commuters. Residents will appreciate its proximity to Elgin Academy and various primary schools, catering well to families. Furthermore, the nearby community regeneration efforts signal ongoing improvement and enhancement of local facilities. Although the site demands a transformation from its current state, it presents a flexible canvas for visionary investors aiming to leave a mark on the evolving landscape of Elgin. Don't miss out on this prime opportunity to be part of a growing community in a region with significant development potential.
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