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2 bedroom property for sale
The Square, Earlston TD4
£80,000
The Square, Earlston TD4
£80,000
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 auction with a guide price of £80,000. The property has approved planning for four residential flats and is situated in a prime location in Earlston, Scotland. The property requires refurbishment before habitation but has the potential to achieve a gross yield of 36% based on the guide price once renovated. The property is being offered at a substantial discount and is a potentially excellent opportunity for builders, developers, or investors looking for a project. The property is situated in a desirable area with great access to motorways, local amenities, restaurants, schools, and sports facilities. With a rateable value of £6,100 and qualifying for business rate relief, this property is an attractive investment opportunity.