Summary - 1A, MORAY PLACE, NAIRN IV12 4BZ
1 bed 1 bath Commercial Property
**Standout Features:**
- Renovation opportunity for commercial to residential conversion
- Planning approved for conversion into two (2-bedroom) flats
- Guide price: £110,000, with market comparables for 2-bedroom flats ranging from £135,000 to £205,000
- Expected rental income: £650 - £800 per month, translating to an annual gross income potential of £7,800 - £9,600
- Spacious property with significant open areas, ideal for transformation and storage
- Located in the vibrant High Street of Nairn, surrounded by various amenities
**Summary:**
Discover a fantastic investment opportunity at 1 Moray Place, High Street, Nairn. This Victorian-style commercial property is ripe for renovation, having previously served as office space. With planning permission already approved for conversion to two 2-bedroom flats, this property is ideal for investors looking to capitalize on high rental yields and property values rising between £135,000 and £205,000 in this desirable area.
Situated in a bustling town center with excellent local amenities, you can envision transforming this space and potentially generating monthly rental incomes between £650 and £800. The property boasts ample open space and a spacious attic for storage, making it a versatile canvas for renovations. While the property does require modernization, it presents a unique chance for substantial capital growth.
Given the competitive price and the potential for immediate returns, this listing will not last long on the market. Make your move now to seize this promising opportunity!
Commercial property for sale in 75-77 High Street, Nairn, IV12 4BW, IV12 — £35,000 • 1 bed • 1 bath
Out-of-town retail property for sale in 1 Moray Place, High Street, Nairn, IV12 4BZ, IV12 — £50,000 • 1 bed • 1 bath
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