House For Sale £175,000
- Prime Property Auctions is excited to present this exceptional residential development opportunity, currently consisting of 3 Spacious flats, located within a prime location in Aberfoyle - Guide price £175,000
- *Clachan Hotel, Main Street, Aberfoyle, Stirling, Perth, FK8 3UG Previously sold for £246,000. Main Street, Aberfoyle, Stirling, Perth, FK8 3UG Previously sold for £321,999. Keith House, Trossachs Road, Aberfoyle, Stirling, Perthshire, FK8 3UQ Previously sold for £215,000*
- Previously used as a fabric shop, this property has undergone a commercial to residential conversion into 3 Flats, with majority of works completed. Sure to appeal to shrewd builders/investors/developers looking for a rare project with remarkable capital growth potential. Great upside potential to buy, finish and re-sell as individual flats.
- Once fully renovated, for rental purposes, each flat could command a rental income of £625 - £675 p/m, which would provide a combined annual income of £22,500 - £24,300 per annum. This would provide an exceptional gross yield of 12% - 14% based on a guide price of £175,000 - *HIGH YIELD POTENTIAL*
- Property is situated within a sought after location in the heart of Aberfoyle, close to local amenities such as many popular bars and restaurants.
Prime Property Auctions is excited to present this exceptional residential development opportunity, currently consisting of 3 Spacious flats, located within a prime location in Aberfoyle - Guide price £175,000
Property Comprises: First Floor - 2 x 2 Bedroom Flats Top Floor: 3 Bedroom Flat
Ground Floor Flats: Entrance hallway, Living room,kitchen, Bathroom, 2 Large double bedrooms.
Top Floor Flat: Entrance hallway, living room, kitchen, Bathroom, 3 Large double bedrooms.
Each property benefits from ample storage throughout and off road parking.
Rarely available Auction property. Fantastic yield of 12-14% after renovation if achieved for Guide price of £175,000. Property would attract a monthly rental of £625 - £675 per flat per calendar month. This would generate an annual income of £22,500 - £23,400.
Prime Opportunity for Property investors looking for a property in an excellent location. Property requires a degree of renovation. Fantastic Capital growth potential. Sure to appeal to builder/investor looking for Rare auction property.
Brilliant BRRR Opportunity. Sure to appeal to investors looking for a rare auction property comprising of easy lettable flats in a sought after location with great potential for Capital Growth. The local area has seen some great sales recently showing that there is strong demand.
Local sales evidence:
*Clachan Hotel, Main Street, Aberfoyle, Stirling, Perth, FK8 3UG Previously sold for £246,000. Main Street, Aberfoyle, Stirling, Perth, FK8 3UG Previously sold for £321,999. Keith House, Trossachs Road, Aberfoyle, Stirling, Perthshire, FK8 3UQ Previously sold for £215,000*
Excellent Development/Refurbishment Opportunity. Property is ready for builder/investor/developer to add the finishing touch.
Fantastic upside potential to buy, finish and re-sell as individual flats.
Property has a Guide price of £175,000 and is sure to appeal to investors looking for a property that they can put their own stamp on.
Potentially high yielding investment property, great capital growth potential.
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Make an Offer” button on our website.
This property is offered at a fantastic price to ensure an Auction sale.
The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.
Location:
Aberfoyle, nestled in Scotland's stunning Queen Elizabeth Forest Park, offers residents a tranquil lifestyle amidst breathtaking natural beauty. With easy access to outdoor activities like hiking and cycling, a strong sense of community, and a rich historical heritage, Aberfoyle appeals to those seeking a close-knit village atmosphere. Its popularity as a tourist destination presents investment opportunities in the hospitality sector, while stable property demand makes it an attractive option for homeowners and investors alike.
