>
Main Street, Balbeggie, Perth, PH2 6EU 9 bed house for sale
Main Street, Balbeggie, Perth, PH2 6EU
£130,000
Main Street, Balbeggie, Perth, PH2 6EU
£130,000
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 to convert it into a residential property. Currently operating as a House of Multiple Occupancy (HMO), the property generates £1,800 per month, with potential to increase income to £35,000 per year with full occupancy. The flexible layout includes 9 bedrooms, 3 kitchens, and a former public bar/restaurant area, offering opportunities to maximize income or create a family home. Located near the affluent village of Balbeggie and within easy reach of Perth City Centre, Edinburgh, Glasgow, and Stirling, the property benefits from a constant demand for accommodation from tourists and locals alike. With house prices increasing at a higher rate than the UK average, this property presents a rare chance to acquire a valuable asset at a significantly discounted price.