29 The Old Cottage Shop, Newton Street, Kilbirnie, KA25 6HW

Description

• PRIME NEW LISTING. We are excited to present this commercial premises with previous planning permission for partial conversion to residential, located within a prime location in Kilbirnie, Ayrshire.

• 32 34, Holmhead, Kilbirnie KA25 6BS sold for £250,500, 34, Newton Street, Kilbirnie KA25 6HW sold for £182,000, 49, Holmhead, Kilbirnie KA25 6BS sold for £204,049.**

• This property previously had planning permission for a change of use from a retail unit to a residential unit, including the installation of one rooflight at the front and one rooflight, along with a window at the rear (application 20/00451/PP). Once refurbished, this property could command a rental income of £950 to £1000 per month based on local comparables. This would generate an annual income of £11,400 to £12,000, representing a 23% yield if purchased at the guide price.

• This property is a fantastic opportunity for an ambitious investor looking for the next project. Perfect for the BRRRR strategy, it is an affordable development opportunity that offers massive capital growth and rental upside potential.

• This property requires renovation to fulfil its full potential. If utilised as a serviced accommodation unit, it could achieve £170 per night based on local comparables, generating an impressive £43,435 based on a 70% occupancy rate.

PRIME NEW LISTING. We are excited to present this commercial premises with previous planning permission for partial conversion to residential, located within a prime location in Kilbirnie, Ayrshire.

The property comprises a welcoming entrance, a large open floor area perfect for versatile use, a spacious basement, a convenient storage room, and an attic conversion. Additionally, it includes a well-appointed toilet.

This property previously had planning permission for a change of use from a retail unit to a residential unit, including the installation of one rooflight at the front and one rooflight, along with a window at the rear (application 20/00451/PP). Once refurbished, this property could command a rental income of £950 to £1000 per month based on local comparables. This would generate an annual income of £11,400 to £12,000, representing a 23% yield if purchased at the guide price.

This property is a fantastic opportunity for an ambitious investor looking for the next project. Perfect for the BRRRR strategy, it is an affordable development opportunity that offers massive capital growth and rental upside potential.

This property requires renovation to fulfil its full potential. If utilised as a serviced accommodation unit, it could achieve £170 per night based on local comparables, generating an impressive £43,435 based on a 70% occupancy rate.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:

**32 34, Holmhead, Kilbirnie KA25 6BS sold for £250,500, 34, Newton Street, Kilbirnie KA25 6HW sold for £182,000, 49, Holmhead, Kilbirnie KA25 6BS sold for £204,049.**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” 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

Kilbirnie, located in Ayrshire, offers a charming blend of history and modern living. Surrounded by picturesque countryside, it is a vibrant community with local amenities, schools, and excellent transport links to nearby cities, making it a desirable destination for residents and investors alike.

Map

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Terms of Sale

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