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Tenanted Commercial Investment Opportunity, 44 Lochleven Road, Lochore, Lochgelly, KY5 8DA

not specified / Retail / Investment

For Sale - £135,000.00

Available - Last updated: 14 October 2024

Exceptional Commercial Investment Opportunity located within a fantastic location in Lochore. 

Location

Lochore is a charming village nestled in the heart of Fife, Scotland, known for its picturesque landscapes and the nearby Lochore Meadows Country Park, often referred to as 'The Meedies.' The park is a local gem, offering a wide range of outdoor activities, including walking trails, cycling routes, fishing, sailing, and a golf course, making it an ideal spot for nature lovers and families alike. The village itself maintains a peaceful, rural feel, while still providing access to essential amenities such as schools, shops, and healthcare facilities.

Lochore benefits from strong transport connections to neighbouring towns, including Dunfermline, Kirkcaldy, and Glenrothes, as well as to Edinburgh, making it suitable for commuters who prefer a quieter, countryside lifestyle. With a rich history and a growing sense of community, Lochore is a desirable location for those seeking both tranquillity and convenience.

Accommodation

The Portfolio Consists of 4 Units:

Commercial 48 Lochleven Road, Lochore, KY5 8DA

Property is back to brick and has potential to be turned into 2 residential units. Once converted, the property could achieve a fantastic GDV of £200,000. With fantastic sales evidence to support.

Commercial Property also has potential to turn into 3 smaller units for let. Sure to appeal to a shrewd investor looking for a packaged portfolio investment.

Flat 1 44 Lochleven Road, Lochore, KY5 8DA: The 2-bed flat is currently tenanted at £360 per calendar month.      

Flat 2 44 Lochleven Road, Lochore, KY5 8DA: The 1-bed flat is currently tenanted at £450 per calendar month.    

Flat 3 44 Lochleven Road, Lochore, KY5 8DA: The 2-bed flat is currently tenanted at £450 per calendar month.

Terms

Guide Price - £135,000

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

  • Exceptional Commercial Investment Opportunity located within a fantastic location in Lochore.  *** PRIME INVESTMENT OPPORTUNITY ***
  • Properties could achieve a STAGGERING combined monthly rent of between £2,450 - £2,700, generating a gross annual income of £32,400 and a gross yield of 16.6% if achieved at a guide price of £195,000. *** POTENTIALLY HIGH YIELDING OPPORTUNITY ***
  • The commercial property has the potential to be turned into two residential dwellings. The attic of the residential properties also has the potential to be converted into another 2 additional dwellings. Subject to the necessary planning and consents. Once converted, the property could achieve a fantastic GDV of £450,000. *** HIGH GDV POTENTIAL ***
  • *** 13, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £120,000 in July 2023, 15, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £100,000 in January 2023, 22, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £140,000 in October 2021 ***
  • Prime Opportunity for a shrewd investor looking for a packed portfolio deal consisting of 3 Tenanted residential flats and a 1 Vacant commercial unit. Properties are currently producing a combined monthly rent of £1,260 (£15,120 per annum), generating a gross yield of 7.7% based on a guide price of £195,000.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Guide Price For Sale Freehold £135,000.00 NA

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Contact agents

John Morris & Luis Guarin

Prime Property Auctions

0141 538 0212

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