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9 bedroom house for sale

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9 bedroom 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 offers a unique investment opportunity, with planning permission granted to convert it into a residential property. Currently operating as a HMO, the property generates an income of £21,600 per year, with potential to increase to £35,000 per year with full occupancy. The flexible layout allows for various uses, including creating an exceptional family home. The property is situated in the affluent village of Balbeggie, just 6 miles from Perth City Centre and 2 miles from Perth Airport, offering easy access to popular local attractions and major employers. With house prices increasing at a higher rate than the UK average, this property presents a rare opportunity to acquire a valuable asset at a significantly discounted price. The owner is willing to consider pre-auction offers, making this a prime opportunity for investors and buyers seeking a low-cost investment with potential for significant returns.