£249,000 Guide price
Rare opportunity to purchase a large commercial property, formerly a junior high school, with planning permission to convert into a combined café, hotel and five one bedroom flats.
One third of the plan is complete; the school's former arts department has already been converted into a café, fully equipped with large industrial kitchen appliances such as fryers, gas cookers and ovens.
The current owners next plan was to incorporate five single occupant flats around the perimeter of the building that faces the old car park. Finally the two storey section looking east out to sea is where a hotel was to be built.
This presents a rare and exciting opportunity for a builder or investor looking to undertake a project which has massive earning potential with the added benefits of plans and one third of the project being already completed.
Along with the former school there is a sizable hut included (18.1 x 7.4m) which could be used for a variety of purpose. There is also useful land adjacent to the South and West side of the hut.
Yell is a 20 minute ferry trip from Toft on the North mainland of Shetland, where a regular ro-ro ferry service runs regularly.
Planning permission in place with Shetland Island Council. Reference: 2015/289/PPF
The development site is located next to the new Mid Yell high school, leisure centre, swimming pool and football pitch. Mid Yell is the main population centre on the island of Yell. The island has various primary schools, small shops, garage, small boat marinas and local halls. Mid Yell is a coastal settlement on the island of Yell, the second-largest of the Shetland Islands, Scotland. Mid Yell, the largest settlement on the island, is at the head of Mid Yell Voe on the B9081 road about 1 mile (1.6 km) from its junction with the A968 road.
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