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Main Street, Balbeggie, Perth, PH2 6EU 9 bed house for sale
Main Street, Balbeggie, Perth, PH2 6EU
£142,000
Main Street, Balbeggie, Perth, PH2 6EU
£142,000
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 property is a former 9-bedroom hotel in rural Perthshire, Scotland, with planning permission granted to convert it into a residential property. Currently operating as a HMO, it generates £21,600 per year in income, with potential to increase to £35,000 per year with full occupancy. The property has a flexible layout, comprising 9 bedrooms, 3 kitchens, and a former public bar/restaurant area, offering many opportunities to maximize potential income or create a family home. Located in the affluent village of Balbeggie, just 6 miles from Perth City Centre, the property enjoys easy access to local attractions, including Scone Palace, Loch Tay, and several golf courses. With house prices increasing at a higher rate than the UK average, this property presents a rare investment opportunity, priced for an immediate auction sale and offered below true market value. The owner is willing to consider pre-auction offers, making this a unique chance to secure a valuable property in a popular location.