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• Prime Property Auctions is excited to bring to market this Exceptional Commercial Development Opportunity located within a pristine location in Stirling.  * MASSIVE GDV POTENTIAL £3.5 MILLION *

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• Prime Opportunity for a shrewd developer looking for a large building comprising of multiple units that welcomes a flurry of different strategies to produce a strong return on investment. * GUIDE £475,000 *
• Building could achieve FANTASTIC annual gross income of over £1,022,000 per annum if converted to short term lets or an apartment/ hotel, based on 20 rooms, let at £175 per night at an 80% occupancy rate. Subject to necessary planning and consents. * SUPERB GROSS ANNUAL INCOME POTENTIAL*
• The building has had permission for a total of 6 residential dwellings, 4 flats on the ground floor, 2 flats on the upper floors. The former doctors surgery was recently approved planning permission, March 2024, to convert the former doctors surgery into 2 flatted dwellings, 1 x 3 Bed and 1 x 4 bed. * 21/01075/FUL * 
• Site has an IMPRESSIVE size of 13,000 square feet. *SURE TO APPEAL TO A SHREWD DEVELOPER * 

 

Prime Property Auctions is excited to bring to market this Exceptional Commercial Development Opportunity located within a pristine location in Stirling.  * MASSIVE GDV POTENTIAL £3.5 MILLION *

 

The building consists of 4 units:

9 Park Avenue which was a former doctors surgery, which was recently approved planning permission, March 2024, to convert the former doctors surgery into 2 flatted dwellings, 1 x 3 Bed and 1 x 4 bed. * 21/01075/FUL * 

 

9A Park Avenue which consists of a flat, located above the former doctors surgery and expands to circa 2000 square feet.

 

26 Clarendon Place is a vacant building and has previously been granted planning for 2 flatted dwellings - * 02/01099/LBC * 

 

28 Clarendon Place is also an upper flat, with similar square footage to 9A Park Avenue . 

 

Potential for LOFT CONVERSION of 9A Park Avenue and 28 Clarendon Place. Subject to necessary planning and consents. 

 

The building has had permission for a total of 6 residential dwellings, 4 flats on the ground floor, 2 flats on the upper floors. The former doctors surgery was recently approved planning permission, March 2024, to convert the former doctors surgery into 2 flatted dwellings, 1 x 3 Bed and 1 x 4 bed. * 21/01075/FUL * 

6 residential dwellings with an average sale price of £581,000 gives a MASSIVE GDV POTENTIAL OF £3.488 million. * MASSIVE RETURN ON INVESTMENT *

 

* MASSIVE GDV POTENTIAL OF £3.5 million *

Local Sales Evidence of Similar Properties Supporting GDV Calculations

* 7 Queens Road, Stirling, Stirlingshire, FK8 2QY sold for £650,000 in September 2021, 8, Drummond Place, Stirling, FK8 2JE sold for £553,007 in February 2022, 1, Gladstone Place, Stirling, FK8 2NN sold for £541,000 in November 2019 *

6 residential dwellings with an average sale price of £581,000 gives a MASSIVE GDV POTENTIAL OF £3.488 million. * MASSIVE RETURN ON INVESTMENT *

 

Building could achieve FANTASTIC annual gross income of over £1,022,000 per annum if converted to short term lets or an apartment/ hotel, based on 20 rooms, let at £175 per night at an 80% occupancy rate. Subject to necessary planning and consents. * SUPERB GROSS ANNUAL INCOME POTENTIAL*

Prime Opportunity for a shrewd developer looking for a large premises that welcomes a flurry of different strategies to produce a strong return on investment. * GUIDE £475,000 *

 

*SUBSTANTIAL SIZE OF 13,000 SQUARE FEET*

 

Property has a Guide price of £475,000 and is sure to appeal to shrewd commercial developers looking for a rarely available development commercial opportunity. * VAST POTENTIAL *

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

Park Avenue sits in a highly regarded location within walking distance to the centre of Stirling. As well as the excellent shopping facilities the city has to offer, there are numerous sites of historical significance such as Stirling Castle and the Wallace Monument. Schooling is available nearby at both primary and secondary level and the region is well served by independent schools, with Fairview Beaconhurst, Dollar Academy and Morrison's all in the area.

The M9 and M80 motorways are close by, as is the A9 which gives quick access to Perth. The international airports of Glasgow and Edinburgh are within easy reach by road and the main line railway stations in Stirling, Dunblane and Bridge of Allan. The area also benefits from its proximity to Stirling University, many of whose sporting facilities are available to the public. In addition to the many local sports clubs and golf courses, the world renowned Gleneagles Golf and Leisure facilities are a short drive away. There are plentiful open spaces, woodland walks and extensive views, taking in the Trossachs to the west and the Touch Hills to the south.