George Johnston House Business Centre, 61 Bank Street, Lochgelly, KY5 9QN
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George Johnston House Business Centre, 61 Bank Street, Lochgelly, KY5 9QN
0
bed
0
bath
0
reception
freehold
Rare Commercial Development Opportunity
Available documents
Floorplan
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Description
PRIME NEW ENTRY. We are excited to bring to market this rare Commercial Development Opportunity, located within a prime location in Lochgelly.
Property boasts an impressive size of approximately 4500sqm and has potential for conversion into 16 bed HMO with en suites, subject to gaining necessary permissions.
Sure to appeal to shrewd commercial investors and developers looking for a fantastic investment opportunity with high yield potential.
Property currently comprises 15 office suites. For rental purposes, if converted into HMO, the property could potentially command an annual rent of £77,000, based on full occupancy and an estimate of £400 per room. (Subject to gaining necessary planning permissions)
Property is situated in a prime location, in close proximity to town centre and is just 1 minute walk from Lochgelly Station - PRIME LOCATION
We are excited to bring to market this excellent Commercial Opportunity, located within a prime location in Lochgelly.
Existing property comprises:
Serviced office space with common
kitchen and wc facilities.
15 office suits.
Private parking to side and rear.
For rental purposes, the property could attract a combined annual rent of £40,000 - £50,000 per annum. Potential to achieve circa £80,000 per annum if converted into HMO, subject to gaining necessary permissions.Property has excellent development potential and has scope for conversion into residential units, subject to gaining necessary planning permissions and consents.
Potential for conversion into large single occupancy dwelling or 16 bed HMO, subject to gaining necessary permissions.
Sure to appeal to shrewd investors looking for a rare commercial investment opportunity.
Property is due for online auction. To make a pre-auction offer, or register for the live auction, please contact the team to get set up.
Location
Lochgelly in Fife is popular with residents and investors thanks to its affordability, strong transport links via the A92 and rail, and ongoing regeneration that’s improving housing, amenities and public spaces. Its central location makes commuting to Edinburgh, Dundee and nearby Fife towns easy, while access to green space adds to its appeal. Combined with steady investment and a supportive local community, Lochgelly offers good value and solid long-term potential.
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Play Video: George Johnston House Business Centre, 61 Bank Street, Lochgelly, KY5 9QNTerms of Sale
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