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9 bedroom 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 conversion to a residential property. Currently operating as a House of Multiple Occupation (HMO), it generates an income of £21,600 per year, with potential to increase to £35,000 per year with full occupancy. The property features 9 bedrooms, 3 kitchens, and a full former public bar/restaurant area, offering flexibility for various income-generating opportunities or a large family home. With its rural location near the affluent village of Balbeggie and close proximity to Perth City Centre, Edinburgh, Glasgow, and Stirling, this property is expected to attract a high demand for accommodation. The owner is willing to consider pre-auction offers, and the property is being sold under auction terms and conditions, with a price that is significantly below its true market value.