Summary - FRASERBURGH HARBOUR OFFICE, SHORE STREET AB43 9BR
1 bed 1 bath Commercial Property
Large Victorian building with immediate income and clear refurbishment potential.
Prominent Victorian harbourfront three‑storey building with attic and storage
Large gross internal area across ground, first, second and attic floors
Part‑let producing c. £18,000pa; ERV stated at c. £26,000pa
Several short‑term licences and expired leases require active asset management
VAT elected; sale treated as Transfer of a Going Concern (ToGC)
Located in a very deprived, transitional neighbourhood with constrained renter demand
Gas central heating, mains services, good mobile signal; broadband average
On‑street parking only; some units include workshop/storage space
A substantial three‑storey Victorian commercial building overlooking Fraserburgh harbour, offered as a freehold investment with immediate income. The property provides a mix of open‑plan and cellular office accommodation across multiple floors, with additional attic and workshop/storage space and on‑street parking to the front. Several units are let to small businesses and community occupiers, producing part income currently and presenting immediate re‑letting or lease‑renewal opportunities.
Key positives include prominent Shore Street frontage, a large overall footprint across ground, first, second and attic levels, gas central heating throughout, mains services and good mobile signal. The building is VAT‑elected and is being sold as a Transfer of a Going Concern (ToGC), which will suit buyers familiar with VAT on commercial property.
Material considerations: the wider location is classified as very deprived and a transitional Eastern European neighbourhood with constrained renter demand; some lettings are short‑term or have expired, creating occupancy risk. Several small occupational licences generate part income (£18,000pa currently against an ERV of £26,000pa), and an active asset management plan will be required to stabilise rent roll and address voids. Broadband speeds are average and parking is on‑street only.
This is an investment for a buyer willing to manage local market challenges and deliver re‑letting or redevelopment activity. The size, period character and flexible internal layout offer scope for consolidation, refurbishment or alternative commercial uses subject to planning and lease strategy.
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