Prestige development opportunity in Scotland

A unique development opportunity in the north of Scotland

This has to be one of the very best apartment development opportunities in the north of Scotland. A large historic building, ideally located for the strong summer local tourist markets and high winter income from large local state backed developments.

St Mary’s church occupies a prime location in the centre of Lybster, a historic port on the north-east coast of Scotland, near Wick and Thurso. It offers stunning stonework and a new roof, and comes with planning permission to convert what will be around 9000 ft.² of floor space into inspiring apartments.

The hard work of gaining residential planning permission for this grade 2 listed property has been done. Ref: 13/03038/FUL. Plus, the critical work of replacing the old roof with a new one from re-claimed Scottish slates is complete. The unattractive render to the front and side facades has been removed and the building mostly re-pointed in attractive lime mortar. The inside has been cleared and is ready for concrete floor and partitioning. There is also a new vehicular entrance to the right of the building, to give access to the plentiful space around the property.

Estimated rental income on completion: £60,000+

Estimated cost to complete: £150,000

Out of the ordinary

The market is full of standard houses that will never be exceptional. St Mary’s offers the opportunity to create prestigious accommodation that will really stand out and get noticed. Ideal for the growing airbnb self catering holiday market and is likely to provide high income.

Sale price: £125,000. Freehold.

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Property with reference: Prestige development opportunity in Scotland