Prime Property Auctions is excited to present this Fantastic Commercial Investment Opportunity located within a prime location in Falkirk.
Property Comprises a former bar, the Star Inn, over 2 floors.
Property has VAST POTENTIAL and is located on a busy main street in Falkirk attracting impressive footfall - RARE INVESTMENT OPPORTUNITY
Location
Falkirk is a vibrant town located in central Scotland, known for its rich history, modern attractions, and excellent connectivity. Positioned between Edinburgh and Glasgow, Falkirk offers the best of both worlds: a peaceful, family-friendly environment with easy access to two of Scotland’s major cities. With its blend of historical landmarks, green spaces, and modern amenities, Falkirk is an attractive place to live for a wide range of residents.
Falkirk’s central location makes it highly accessible. The town is well-connected by road, with the M9 and M876 motorways providing direct links to both Edinburgh and Glasgow. Falkirk High and Falkirk Grahamston railway stations offer regular train services to both cities, making it a convenient location for commuters. Local bus services also ensure easy access to surrounding towns and villages.
The town centre itself boasts a wide variety of shops, restaurants, and cafes, with Howgate Shopping Centre offering high street brands and independent retailers. Falkirk is also home to a range of cultural and entertainment venues, including the Falkirk Town Hall, which hosts performances, concerts, and community events.
Accommodation
The top floor of the property has potential to be converted into 2 residential units, a 1 bed and a 2 bed flat. Subject to necessary planning permission and consents. Sure to appeal to builder/investors looking for Rare Auction property.
Terms
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.
GUIDE PRICE OF £145,000 - Property has the potential to produce a STAGGERING gross annual income of £48,000 per annum, churning a gross yield of 33.1%.
If converted, the 2 residentials, could present an excellent opportunity for serviced accommodation, potentially returning £61,320 per annum based on £120 per night and a 70% occupancy rate. Subject to gaining necessary planning consents. This would generate an IMPRESSIVE GROSS YIELD of 42.29% if achieved for a guide price of £145,000.
This property is offered at a fantastic price to ensure an Auction sale.