Commercial Opportunity, located within a prime location in Lochgelly.
For rental purposes, the property could attract a combined annual rent of £40,000 - £50,000 per annum. Potential to achieve circa £80,000 per annum if converted into HMO (subject to gaining necessary permissions) **POTENTIAL FOR RESIDENTIAL CONVERSION FOR 5 APARTMENTS**
Potential for conversion into large single occupancy dwelling or 16 bed HMO.
Location
Lochgelly in Fife is popular with residents and investors thanks to its affordability, strong transport links via the A92 and rail, and ongoing regeneration that’s improving housing, amenities and public spaces. Its central location makes commuting to Edinburgh, Dundee and nearby Fife towns easy, while access to green space adds to its appeal. Combined with steady investment and a supportive local community, Lochgelly offers good value and solid long-term potential.
Accommodation
Existing property comprises:
Serviced office space with common
kitchen and wc facilities.
15 office suites.
Private parking to side and rear.
Terms
Guide Price - £160,000
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
- We are excited to bring to market this rare Commercial Development Opportunity, located within a prime location in Lochgelly.
- Property boasts an impressive size of approximately 4500sqm and has potential for conversion into 16 bed HMO with en suites. There is also potential for conversion to 5 residential apartments (Subject to gaining necessary planning permissions)
- Sure to appeal to shrewd commercial investors and developers looking for a fantastic investment opportunity with high yield potential - *FEASIBILITY LINKED BELOW*
- Property currently comprises 15 office suites. For rental purposes, if converted into HMO, the property could potentially command an annual rent of £77,000, based on full occupancy and an estimate of £400 per room.
- Property is situated in a prime location, in close proximity to town centre and is just 1 minute walk from Lochgelly Station - PRIME LOCATION