We are excited to present this fantastic mixed use investment opportunity. *PRIME COMMERCIAL OPPORTUNITY*
The property is considered a fully commercial property which was previously operating as Kirkconnel’s very popular fish and chip shop. Even though it is classified as fully commercial property it comes with a four bedroom flat included in the deal. This means there are so many possibilities about what you could do with the property.
The property has a variety of uses and could be used for a variety of different property strategies.
The property is situated near Kirkconnel’s main street benefitting from high footfall and nearby residential properties *PRIME LOCATION*
Sure to appeal to shrewd buy to let investors looking for a fantastic commercial and residential investment opportunity with high yield potential.
This is the perfect opportunity for an owner/occupier looking for somewhere to own and run a business and find a new place to live to move their family.
Location
Kirkconnel is a village located in the Dumfries and Galloway region of Scotland, nestled in the picturesque Southern Uplands. Historically, it was an important settlement due to its position along key transport routes, particularly the railway, which has since contributed to its charm and rural character. The village is known for its stunning natural surroundings, offering scenic views of hills and farmland. Nearby, the famous Auchencairn and the River Nith flow through the area, adding to the beauty of the region. Kirkconnel is rich in history, with a connection to local industries like coal mining in the past, though today it remains a peaceful and quiet place to live, with a close-knit community.
Accommodation
Property currently comprises:
Ground Floor Commercial Unit: Fully equipped fast food takeaway including fryers, storage space and a garage. *WALK-IN CONDITION*
First Floor: Flat with 4 bedrooms, kitchen dining area, bathroom, spacious living room and plenty of storage without.
Terms
Guide Price - £145,000
For rental purposes if the flat was rented out it could achieve £825 per calendar month or £9,900 per annum. If the takeaway was rented out it could achieve £550 per calendar month or £6,600 per annum. This is a combined rental of £1,375 per calendar month or £16,500 per annum. This would produce a a 11.4% yield if achieved for the guide price *FANTASTIC YIELD*
There is the potential to purchase the property then conduct a title split. With the appropriate planning the flat could be converted into residential and then sold itself for around £140,000 based on local sales evidence.
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.