Sandgate, Ayr KA7 3 bed property for sale

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Sandgate, Ayr KA7 3 bed property for sale

Sandgate, Ayr KA7
£90,000

Our Summary

  • Property may lend itself for conversion into Serviced accommodation, subject to researching and gaining necessary consents
  • Based on 70% occupancy this would provide a gross annual income of £25,550 - £38,325 making it an extremely attractive investment opportunity
  • Location:Ayr, situated along the picturesque coastline of South Ayrshire, presents an appealing investment opportunity with its strategic location and rich cultural heritage

Description

This massive commercial unit in Ayr's Sandgate area offers a prime new entry opportunity. The property, which extends to 2,140.94 sq ft, was previously let to a spa for £15,000 per annum and is now being sold vacant. With a guide price, it presents an attractive investment opportunity, potentially generating an annual income of £13,000-£16,000. The property may also be suitable for conversion into serviced accommodation, with potential nightly rates of £100-£150 and a gross annual income of £25,550-£38,325. Located in a prominent building with two separate entrances, it could be divided into two apartments or one large unit, making it an excellent opportunity for commercial let or alternative uses. With its central location, excellent transport links, and rich cultural heritage, Ayr presents a unique investment opportunity in Scotland.