>
Property for sale
2 Canal Street, Bainsford, Falkirk, FK2 7FD
£80,000
2 Canal Street, Bainsford, Falkirk, FK2 7FD
£80,000
Our Summary
- Prime Property Auctions is excited to present this exceptionally rare development opportunity located within a prime location in Falkirk ***Guide of £80,000*** The site comes with planning in principle for 5 residential flats
- *** 3x 1 beds flats, 1x 2 beds flat and 1x 3 beds flat*** planning reference no
- P/23/0520/FUL ***50, Caledonian Court, Falkirk, Stirlingshire FK2 7FL sold for £190,000, 2, Longdales Avenue, Falkirk, Stirlingshire FK2 7HZ sold for £175,000*** Potentially excellent opportunity for serviced accommodation, potentially returning £43,300 per annum once developed (subject to gaining necessary planning consents) Property requires full renovation
- Sure to appeal to builder/investor looking for Rare auction property
- Prime Property Auctions is excited to present this exceptionally rare development opportunity located within a prime location in Falkirk ***Guide of £80,000*** Planning Application comprises: Ground Floor: 2 Bedroom Flat & 1 Bedroom Flat First Floor: 3 Bedroom Flat Second Floor: 1 Bedroom Duplex Flat & 1 Bedroom Flat The GDV is estimated at £555,000 - £630,000 in the area
- Property requires full renovation
- Sure to appeal to builder/investor looking for Rare auction property This lot is open to immediate offers
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
- ***POTENTIALLY HIGH YIELDING INVESTMENT*** Location: Falkirk, strategically positioned in central Scotland, presents a compelling investment opportunity due to its dynamic economy and cultural significance
Description
Prime Property Auctions is offering an exceptional development opportunity in a prime location in Falkirk, Scotland. The site has planning permission in principle for 5 residential flats, with a guide price of £80,000. The property requires full renovation and has the potential to generate a high gross yield through serviced accommodation, with rates starting from around £150 per night. The property could also be an excellent opportunity for investment, with the potential to attract a monthly rent of £3975 - £5500 p/m (£47,700 - £66,000 p/a) and provide an incredible gross yield of between 59%- 82.5%. The location offers a dynamic economy and cultural significance, with excellent transport links and proximity to major cities, making it an attractive destination for businesses and residents alike.