Property With Potential Logo Property With Potential - return to homepage
Harbour Place, Burntisland KY3 Mixed use for sale

>

Harbour Place, Burntisland KY3 Mixed use for sale

Harbour Place, Burntisland KY3
£175,000

Our Summary

  • We are excited to present this fantastic mixed use investment opportunity
  • PRIME DEVELOPMENT OPPORTUNITY2, Galahill, Lammerlaws, Burntisland, Fife KY3 9BS sold for £615,000
  • Excellent yield potential of 84% if achieved for guide price HIGH YIELDFor those looking for a great project with vast potential to add value and still have high cashflow after refinance BRRR STRATEGYThe property is situated near Burntisland's busy high street, benefiting from large daily footfall
  • PRIME DEVELOPMENT OPPORTUNITYProperty is a blank canvas with so many potential opportunities
  • Established use for the commercial unit as a bar with planning approved to convert into a bar/ restaurant
  • The property could be fully converted into a commercial and run as a hotel/ aparthotel/ bed and breakfast which could achieve £75 per room per night subject to planning
  • There would be potential to renovate the pub/restaurant or to add even more bedrooms
  • If fully converted into residential properties there is scope to finish with 3 x 4 bed flats, and 2 x 3 bed flats to develop and flip 19, Craigkennochie Terrace, Burntisland, Fife KY3 9EN (3 bed flat) sold for £257,000 in May 2024
  • Meaning a GDV of £1,300,000 HUGE PROFIT If held and rented out they could achieve a combined rental income of £50,400 HIGH CASHFLOWING INVESTMENTFor those looking for a great project with vast potential to add value and still have high cashflow after refinance BRRR STRATEGYThe property will be sold with vacant possession however the 3 ensuite bedrooms are currently tenanted at £40 per room per night and the 4 bedroom flat is currently being rented out at £800 PCM
  • Sure to appeal to shrewd buy to let investors looking for a fantastic commercial and residential investment opportunity with high yield potential
  • Great opportunity for owner occupiers looking for a property they can put their own stamp on
  • 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
  • For those looking for a great project with vast potential to add value and still have high cashflow after refinance BRRR STRATEGY
  • PRIME DEVELOPMENT OPPORTUNITY

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summarized version of the property description in a single paragraph: This prime mixed-use investment opportunity is located in Burntisland, Fife, Scotland, and offers a blank canvas for a shrewd investor. The property currently comprises a commercial unit with planning approval to convert into a bar/restaurant, as well as two residential flats. With a yield potential of 84% if achieved at the guide price, this property is perfect for those looking for a great project with vast potential to add value and still have high cash flow after refinancing. The property is situated near the busy high street, benefiting from large daily footfall, and has a variety of uses, including the potential to fully convert into a commercial and run as a hotel/aparthotel/bed and breakfast, or to develop and flip into residential properties.