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Main Street, Balbeggie, Perth, PH2 6EU 9 bed house for sale
Main Street, Balbeggie, Perth, PH2 6EU
£141,000
Main Street, Balbeggie, Perth, PH2 6EU
£141,000
Our Summary
- Low cost investment opportunity offering the combination of beautiful rural Perthshire with the magnificent amenities offered by the City of Perth
- Former 9 bedroom hotel with PLANNING PERMISSION GRANTED for change of use/ conversion to residential property
- Currently operating as HMO with the property split into 3 individual properties and generating an income of £1,800 per month ( giving annual income of £21,600 per year) with potential income of up to £35,000 per year with full occupancy using current configuration
- The flexible layout offers potential for many different opportunities to maximise potential income or to create an exceptional family home
- This property is priced for an immediate auction sale and is offered considerably below true market value
- This property will be sold under auction terms and conditions by Braveheart Auctions
- The owner has indicated that they are willing to consider pre-auction offers on this property
Description
This former 9-bedroom hotel in rural Perthshire offers a unique investment opportunity, with planning permission granted for a change of use or conversion to a residential property. Currently operating as a HMO, it generates £1,800 per month in income, with potential to increase to £35,000 per year with full occupancy. The property's flexible layout, comprising 9 bedrooms, 3 kitchens, and a former public bar/restaurant area, offers various opportunities to maximize its potential income or create an exceptional family home. With its picturesque location in Balbeggie, just 6 miles from Perth City Centre and 2 miles from Perth Airport, the property is perfectly situated for tourists and day-trippers. The city of Perth, with its highly regarded university and major employers, also drives demand for properties, with house prices increasing at a higher rate than the UK average. The property will be sold under auction terms and conditions, with the owner willing to consider pre-auction offers.