Fantastic mixed use investment opportunity. PRIME DEVELOPMENT OPPORTUNITY Property is a blank canvas with so many potential opportunities. Established use for the commercial unit as a bar with planning approved to convert into a bar/ restaurant.
The property could be fully converted into a commercial and run as a hotel/ aparthotel/ bed and breakfast which could achieve £75 per room per night subject to planning. If the current 11 bedrooms in place were occupied at 70% this would generate in excess of £210,000 a year.
There would be potential to renovate the pub/restaurant or to add even more bedrooms.
There would be potential to renovate the pub/restaurant or to add even more bedrooms. This is a yield of 84% if achieved at guide price. FANTASTIC YIELD The property has a variety of uses and could be used for a variety of different property strategies. If fully converted into residential properties there is scope to finish with 3 x 4 bed flats, and 2 x 3 bed flats to develop and flip.
Location
Burntisland is a captivating coastal town located in Fife, Scotland, nestled along the northern shore of the Firth of Forth. Originally established as a natural harbor, it developed into an important port and shipbuilding center during the 16th century. The town is distinguished by its sweeping sandy beach, historic High Street with traditional Scottish architecture, and the imposing Rossend Castle which overlooks the harbor. During summer months, Burntisland comes alive with its famous fairground, one of Scotland's oldest annual fairs dating back to the 1500s. The town sits dramatically beneath the backdrop of the Binn, a distinctive hill offering panoramic views across the Forth to Edinburgh. Despite its proximity to Edinburgh, just a short train journey across the iconic Forth Bridge, Burntisland retains its authentic Scottish seaside character and strong sense of local identity.
Accommodation
Property currently comprises:
Ground Floor Commercial Unit: Pub, pool room, kitchen, kitchen storage, laundry area, male, female and disabled bathrooms, 3 ensuite bedrooms, back bar area.
First Floor: Flat with 4 bedrooms, kitchen, 2 bathrooms, spacious open plan living room/ kitchen.
Large storage at rear.
Second Floor: Flat with 4 bedrooms, kitchen, 2 bathrooms, large open plan living room/ kitchen.
Terms
Guide Price - £195,000
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
- PRIME NEW LISTING. We are excited to present this fantastic mixed use investment opportunity. PRIME DEVELOPMENT OPPORTUNITY
- 2, Galahill, Lammerlaws, Burntisland, Fife KY3 9BS sold for £615,000.65, Kirkton Road, Burntisland, Fife KY3 0BF sold for £565,000.
- Sure to appeal to shrewd investors looking for a mixed use property.. Excellent yield potential of 84% if achieved for guide price HIGH YIELD
- For those looking for a great project with vast potential to add value and still have high cashflow after refinance BRRR STRATEGY
- The property is situated near Burntisland’s busy high street, benefiting from large daily footfall. PRIME LOCATION