Rare development opportunity located within a prime location in Falkirk ***Guide of £80,000***
1 Bedrooms Flats sale achieving a range between £90,000- £105,000
2 Bedrooms Flats sale achieving a range between £110,000- £125,000
3 Bedrooms Flats sale achieving a range between £175,000 - £190,000
For rental purposes, units combined could attract a monthly rent of £3975 - £5500 p/m (£47,700 - £66,000 p/a) which would provide an excellent gross yield of between 59%- 82.5% based on a guide price of £80,000.
Potentially excellent opportunity for serviced accommodation, with rates for 1 bed properties in the area starting from around £150 per night (subject to gaining necessary planning consents) At 80% occupancy per month, unit could achieve £3600 p/m (£43,200 p/a) which would generated an incredible 54% gross yield if secured at the guide of £80,000.
Property requires full renovation. Fantastic Capital growth potential. Sure to appeal to builder/investor looking for Rare auction property.
This property could also be an excellent opportunity for serviced accommodation, with rates for 1 bed properties in the area starting from around £150 per night. ***POTENTIALLY HIGH YIELDING INVESTMENT***
Location
Falkirk, strategically positioned in central Scotland, presents a compelling investment opportunity due to its dynamic economy and cultural significance. As a vibrant town with a diverse range of industries, including manufacturing, tourism, and retail, Falkirk offers investors various prospects for growth. Its strategic location, excellent transport links, and proximity to major cities make it an attractive destination for businesses and residents alike. Investors can leverage Falkirk's strong economic fundamentals to support commercial and residential developments, infrastructure projects, and tourism initiatives. Additionally, the town's rich history, cultural attractions, and natural beauty create opportunities for leisure and entertainment ventures. Investing in Falkirk promises both financial returns and the chance to contribute to the continued prosperity and vitality of this thriving town in Scotland.
Accommodation
Ground Floor: 2 Bedroom Flat & 1 Bedroom Flat
First Floor: 3 Bedroom Flat
Second Floor: 1 Bedroom Duplex Flat & 1 Bedroom Flat
Terms
Guide Price - £80,000
Property is due for auction in our upcoming timed online auction. For details on registration please contact the team.
Property is available for immediate purchase. Should you wish to place an offer today you can do so via our online offer form. For further details please contact the sales office.
Specification
- Rare development opportunity located within a prime location in Falkirk ***Guide of £80,000***
- The site comes with planning in principle for 5 residential flats. *** 3x 1 beds flats, 1x 2 beds flat and 1x 3 beds flat*** planning reference no. P/23/0520/FUL
- ***50, Caledonian Court, Falkirk, Stirlingshire FK2 7FL sold for £190,000, 2, Longdales Avenue, Falkirk, Stirlingshire FK2 7HZ sold for £175,000***
- Potentially excellent opportunity for serviced accommodation, potentially returning £43,300 per annum once developed (subject to gaining necessary planning consents)
- Property requires full renovation. Fantastic Capital growth potential. Sure to appeal to builder/investor looking for Rare auction property.