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Main Street, Balbeggie, Perth, PH2 6EU 9 bed house for sale

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Main Street, Balbeggie, Perth, PH2 6EU 9 bed house for sale

Main Street, Balbeggie, Perth, PH2 6EU
£140,000

Our Summary

  • Low cost investment opportunity offering the combination of beautiful rural Perthshire with the magnificent amenities offered by the City of Perth
  • Former 9 bedroom hotel with PLANNING PERMISSION GRANTED for change of use/ conversion to residential property
  • Currently operating as HMO with the property split into 3 individual properties and generating an income of £1,800 per month ( giving annual income of £21,600 per year) with potential income of up to £35,000 per year with full occupancy using current configuration
  • The flexible layout offers potential for many different opportunities to maximise potential income or to create an exceptional family home
  • This property is priced for an immediate auction sale and is offered considerably below true market value
  • This property will be sold under auction terms and conditions by Braveheart Auctions
  • The owner has indicated that they are willing to consider pre-auction offers on this property

Description

This former 9-bedroom hotel in rural Perthshire is a unique investment opportunity that offers a combination of natural beauty and urban amenities. With planning permission granted for change of use or conversion to a residential property, the property can be altered to suit the buyer's needs. Currently operating as a House of Multiple Occupation (HMO), the property generates an income of £21,600 per year and has the potential to increase to £35,000 per year with full occupancy. The flexible layout offers opportunities to maximize potential income or create an exceptional family home. Located near the affluent village of Balbeggie and within easy reach of Perth City Centre, the property enjoys easy access to popular local attractions and has a constant demand for accommodation. The owner is willing to consider pre-auction offers, making this a rare opportunity to purchase a property at a significantly reduced price.