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4 bed Flat For Sale £75,000
3-5 Penders Lane, Falkirk FK1


Description
• Prime Property Auctions new entry. Excellent Development Opportunity for 2 Apartments Located in Falkirk *Planning Approved*.
• Property was formerly used as office space and has been stripped back ready for conversion into 2 residential dwellings.
• ***6 Penders Lane, Falkirk, Stirlingshire, FK1 5RR sold for £126,000 in January 2021 ***
***31D Vicar Street, Falkirk, Stirlingshire, FK1 1LL sold for £107,000 in July 2022***
• Expected completed development is worth £225,000 - £250,000 depending on specifications of final development.
• Property is located in a fantastic town centre location near Falkrik train station and close to local amenities

Prime Property Auctions new entry. Excellent Development Opportunity located in Falkirk Town Centre.
Property was formerly used as offices and has been stripped back ready for conversion into 2 residential dwellings. Planning reference P/20/0245/ful.

Property is set over 2 floors. Ground floor apartment will have both front and back door entrance meaning both have main door access.

Property benefits from 2 Garages, a large garden and an outbuilding within the grounds.
Potential for Airbnb/short let due to main door access and central location.

Property is sure to appeal to developers that are looking for a fantastic opportunity to convert this previous office into luxury apartments in the heart of Falkirk . Expected completed development is worth £225,000 - 250,000 all depending on specifications of final development.

There is excellent sales evidence close by:

***6 Penders Lane, Falkirk, Stirlingshire, FK1 5RR sold for £126,000 in January 2021 ***
***31D Vicar Street, Falkirk, Stirlingshire, FK1 1LL sold for £107,000 in July 2022***

Once the properties are developed, they would make excellent rental properties. Both apartments would command a monthly rental of £600 - £650. Based on expected value, this could give investors an impressive monthly return of £1,300.

Sure to appeal to builders/developers looking for a project situated in a sought-after location.

Property is due to go to our next live auction, however the seller will consider offers before this date. Should you wish to make an immediate offer you can do so on our website.

For further details relating to purchasing the property please contact our sales office for further information.

Location

The major town of Falkirk offers a wide range of shopping, recreational and transport facilities. Falkirk High and Grahamston stations both provide main line rail links to the cities of Edinburgh and Glasgow. The surrounding road and motorway network also proves popular with those seeking access to Glasgow, Stirling, Fife, Grangemouth and Edinburgh centres of business.

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