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Main Street, Balbeggie, Perth, PH2 6EU 9 bed house for sale
Main Street, Balbeggie, Perth, PH2 6EU
£147,000
Main Street, Balbeggie, Perth, PH2 6EU
£147,000
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 for conversion to a residential property. Currently operating as a HMO, the property generates £21,600 per year in income and has the potential to increase to £35,000 per year with full occupancy. The flexible layout comprises 9 bedrooms, 3 kitchens, and a former public bar/restaurant area, offering opportunities to maximize potential income or create an exceptional family home. With its rural location and proximity to Perth City Centre, the property benefits from a constant demand for accommodation and enjoys easy access to local attractions, including Scone Palace, Loch Tay, and golf courses. The property is being sold under auction terms and conditions, with the owner willing to consider pre-auction offers. With a price considerably below true market value, this is an attractive opportunity for investors or those looking for a unique family home.