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Property for sale
Delrion Suite, The Square, Earlston, TD4 6DB
£75,000
Delrion Suite, The Square, Earlston, TD4 6DB
£75,000
Our Summary
- Prime Property Auction is excited to present this Large Premises previously operated as an Inn, now with approved planning for 4 residential flats, located within a prime location in Earlston ***Guide Price of £80,000*** Property is being offered at a substantial discount
- Application ref: 09/00036/OUT Property will require refurbishment prior to habitation but could achieve market rent of between £2400 PCM / £28,800 PA which could give the property an impressive gross yield of 36% based on the guide of £80,000 once renovated
- Property is sure to appeal to Builders/developers/investors looking for a project and is now being offered at a huge discount to ensure auction sale
- Prime Property Auction is excited to present this Large Premises previously operated as an Inn, now with approved planning for 4 residential flats, located within a prime location in Earlston ***Guide of £80,000*** Property Comprises: Large reception area, Spacious Dining area, Bar, Kitchen, WC, Ample Storage Space
- This versatile space, adaptable for a range of businesses, the property is sure to appeal to investors looking for investment opportunity in sought after locale
- Application ref: 09/00036/OUT ***Plans approved for 4 residential 2 bedroom units*** Property will require refurbishment prior to habitation but could achieve market rent of between £2400 PCM / £28,800 PA which could give the property an impressive gross yield of 36% based on the guide of £80,000 once renovated
- Property is sure to appeal to Builders/developers/investors looking for a project and benefits from a rateable value of £6,100 and qualifies for business rate relief and is now being offered at a huge discount to ensure auction sale
- This property is offered at a fantastic price to ensure an Auction sale
- The property will feature in our upcoming timed online auction
- To participate in the live auction, you must have a bidding account created
Description
This large premises, previously an inn, is being offered for sale at a guide price of £80,000. With approved planning permission for four residential flats, it presents a unique opportunity for developers, builders, and investors to create a high-yielding investment. The property requires refurbishment, but once renovated, it could achieve a gross yield of 36% based on the guide price. The property is situated in a desirable area with great access to motorways, local amenities, restaurants, schools, and sports facilities. The current owners are motivated to sell and are offering the property at a substantial discount, making it an excellent chance to secure a potential high-yielding investment at a discounted price.