Property With Potential Logo Property With Potential - return to homepage
9 bedroom house for sale

>

9 bedroom house for sale

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 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 House of Multiple Occupancy (HMO), the property generates a monthly income of £1,800, equivalent to £21,600 per year, with potential to increase to £35,000 per year with full occupancy. The flexible layout, which includes 9 bedrooms, 3 kitchens, and a former public bar/restaurant area, offers numerous opportunities to maximize income or create an exceptional family home. Located in the affluent village of Balbeggie, just 6 miles from Perth City Centre, the property enjoys easy access to popular local attractions, including Scone Palace, Loch Tay, and several golf courses. With a strong demand for accommodation in the area, this property is priced for an immediate auction sale and is offered significantly below its true market value.