Description
Low cost investment opportunity offering the combination of beautiful rural Perthshire with the magnificent amenities offered by the City of Perth.
Former 9 bedroom hotel with PLANNING PERMISSION GRANTED for change of use/ conversion to residential property. With plans approved and opportunity to alter the plans.
Currently operating as HMO with the property split into 3 individual properties and generating an income of £1,800 per month ( giving annual income of £21,600 per year) with potential income of up to £35,000 per year with full occupancy using current configuration.
Layout comprises 9 bedrooms (6 En-Suite), 3 Kitchens and full former public bar/ restaurant area. The flexible layout offers potential for many different opportunities to maximise potential income or to create an exceptional family home.
This property is priced for an immediate auction sale and is offered considerably below true market value.
Rural Perthshire acts as a magnet for tourism and day-trippers and enjoys a constant demand for accommodation as it offers many of the attractions of the Highlands whilst enjoying a position within easy reach of Edinburgh, Glasgow and Stirling.
The affluent village of Balbeggie is located under 6 miles from Perth City Centre and is approximately 2 miles from Perth Airport. The property offers easy access to a number of popular local attractions including Scone Palace, Loch Tay and a number of fantastic golf courses including Gleneagles.
The historic city of Perth is home to one of Scotland’s most highly regarded universities and a number of major employers and enjoys a constant demand for properties with house prices increasing at a higher rate than the UK average.
This property will be sold under auction terms and conditions by Braveheart Auctions.
The owner has indicated that they are willing to consider pre-auction offers on this property.