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CCL Property - Commercial

The proposed development of 12 flats at Newfield House in Elgin presents a compelling investment opportunity, particularly given the current dynamics of the local housing market. Elgin is experiencing a significant shortage of rental properties, with demand far outstripping supply. This scarcity is driven by landlords opting to sell properties rather than rent them out, influenced by rising mortgage costs and regulatory challenges. Consequently, rental properties are highly sought after, often receiving multiple viewing requests shortly after being listed.The planned flats at Newfield House are designed to meet this demand effectively. Each block will contain four flats, with two on the ground floor and two on the first floor, all featuring separate access. The flats will include an entrance hall, two bedrooms, a bathroom, and a kitchen/living area, making them attractive to a wide range of potential tenants and buyers. This type of property is in high demand, as evidenced by the rapid turnover of available rentals in the area.Investors will find the Elgin housing market promising, as property prices have been on the rise and are expected to continue increasing due to ongoing development and regeneration projects in the town. The combination of a strong demand for rental properties and the upward trend in property values makes this development a strategic investment. Planning documents and related drawings for the project can be accessed online using references 09/02161/APP and 11/00233/APP.

Property reference 28021323. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by CCL Property - Commercial.

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 Broadband availability and predicted speed: obtained from Ofcom on August 12, 2024

 Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

 Basic: Up to 30 Mbit/s 
 Super-fast: Between 30 Mbit/s and 300 Mbit/s 
 Ultra-fast: Over 300 Mbit/s

 The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: <a href="https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2">https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2</a>

 Mobile phone signal availability and predicted strength: obtained from Ofcom on August 12, 2024

 Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

 Clear: No bars, no signal predicted 
 Red: One bar, reliable signal unlikely 
 Amber: Two bars, may experience problems with connectivity 
 Green: Three bars, likely to have good coverage and receive a data rate to support basic web services 
 Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

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Plot on Lossiemouth Road for sale

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Planning documents and the related drawings can be accessed online. Reference : 09/02161/APP & 11/00233/APP.

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Elgin

Discover an exceptional investment opportunity at Newfield House in Elgin, where the development of 12 modern flats meets the pressing demand for rental properties in a thriving market. With Elgin facing a significant shortage of rentals due to landlords selling off properties, these...

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