Commercial property

Our Summary

• For those looking for a great project with vast potential to add value and still have high cashflow after refinance BRRR STRATEGY
• We are excited to present this fantastic mixed use investment opportunity
• PRIME DEVELOPMENT OPPORTUNITY
• PRIME DEVELOPMENT OPPORTUNITY2, Galahill, Lammerlaws, Burntisland, Fife KY3 9BS sold for £615,000
• PRIME DEVELOPMENT OPPORTUNITY Property 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 INVESTMENT For those looking for a great project with vast potential to add value and still have high cashflow after refinance BRRR STRATEGY The 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