Pitgaveny Street, Lossiemouth, Morayshire, IV31

This development opportunity is located on Pitgaveny Street in Lossiemouth, overlooking the harbour. The property is situated in a central position within the town, providing access to local amenities such as shops, cafes, and restaurants. A Co-op supermarket is nearby for everyday essentials. For education, St Gerardine Primary School and Lossiemouth High School are conveniently located. The town is close to Elgin, which offers further educational opportunities and rail links to other parts of Scotland. Lossiemouth itself provides a range of local services and recreational activities, including its beaches and coastal walks. The location is well-suited for those seeking a balance between local amenities and travel connections. The proximity to schools, shops, and transport links makes this development opportunity an attractive choice for potential investors or developers. Property 25 Pitgaveny Street, formerly known as the Harbour Bar, offers a unique development opportunity. The ground floor features a commercial element, which previously housed the main lounge bar and bar area. This space is complemented by extensive service areas to the rear, including male and female toilets. The upper floors were previously used as the owner's accommodation. The first floor consists of three bedrooms, a reception room, bathroom, and kitchen, with a door opening to the rear garden. The second attic floor contains two additional rooms with reduced height. Planning permission has been granted (reference: 22/01881/APP) to demolish the existing building and convert it into a mixed-use development. The approved plans include two commercial units on the ground floor and eight Air BnB / self-catering apartments on the first and second floors. This property represents an excellent long-term investment opportunity, offering potential for both commercial and holiday let income. Alternatively the site is suitable for residential development and would be ideal for 2 luxurious town houses. External The rear garden of this property is south-facing and accessible from Pitgaveny Street. Planning permission has been granted for a rear opening from Baker Street, along with the creation of six parking spaces and a bin store.