Property for sale
Key information
Property description & features
- Tenure: Freehold
- We are excited to present this Fantastic Commercial Investment Opportunity located within a prime location in Falkirk *GUIDE PRICE OF £115,000*
- Property Comprises a former bar, the Star Inn, over 2 floors, with the potential to produce a STAGGERING gross annual income of £48,000 per annum, churning a gross yield of 41.7% if purchased for a
- The top floor of the property has potential to be converted into 2 residential units, a 1 bed and a 2 bed flat. Subject to necessary planning permission and consents. Sure to appeal to builder/invest
- If converted, the 2 residentials, could present an excellent opportunity for serviced accommodation, potentially returning £61,320 per annum based on £120 per night and a 70% occupancy rate. Subjec
- Property has VAST POTENTIAL and is located on a busy main street in Falkirk attracting impressive footfall. * RARE INVESTMENT OPPORTUNITY *
- We are excited to present this Fantastic Commercial Investment Opportunity located within a prime location in Falkirk *GUIDE PRICE OF £115,000*
- Property Comprises a former bar, the Star Inn, over 2 floors, with the potential to produce a STAGGERING gross annual income of £48,000 per annum, churning a gross yield of 41.7% if purchased for a guide price of £115,000. * POTENTIALLY HIGH YIELDING COMMERCIAL OPPORTUNITY *
- The top floor of the property has potential to be converted into a residential dwelling. Subject to necessary planning permission and consents. Sure to appeal to builder/investors looking for Rare Auction property.
- If converted, the residential unit could present an excellent opportunity for serviced accommodation, potentially returning £35,040 per annum based on £120 per night and a 80% occupancy rate. Subject to gaining necessary planning consents. This would generate an IMPRESSIVE GROSS YIELD of 30.4% if achieved for a guide price of £115,000.
- Property has VAST POTENTIAL and is located on a busy main street in Falkirk attracting impressive footfall. * RARE INVESTMENT OPPORTUNITY *
We are excited to present this Fantastic Commercial Investment Opportunity located within a prime location in Falkirk *GUIDE PRICE OF £115,000*
Property Comprises a former bar, the Star Inn, over 2 floors, with the potential to produce a STAGGERING gross annual income of £48,000 per annum, churning a gross yield of 41.7% if purchased for a guide price of £115,000.
* POTENTIALLY HIGH YIELDING COMMERCIAL OPPORTUNITY *
The top floor of the property has potential to be converted into a residential dwelling. Subject to necessary planning permission and consents. Sure to appeal to builder/investors looking for Rare Auction property.
If converted, the residential unit could present an excellent opportunity for serviced accommodation, potentially returning £35,040 per annum based on £120 per night and a 80% occupancy rate. Subject to gaining necessary planning consents.
This would generate an IMPRESSIVE GROSS YIELD of 30.4% if achieved for a guide price of £115,000.
* POTENTIALLY HIGH YIELDING COMMERCIAL INVESTMENT OPPORTUNITY *
Property has VAST POTENTIAL and is located on a busy main street in Falkirk attracting impressive footfall. * RARE INVESTMENT OPPORTUNITY *
This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer Now” 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:
Falkirk is a vibrant town located in central Scotland, known for its rich history, modern attractions, and excellent connectivity. Positioned between Edinburgh and Glasgow, Falkirk offers the best of both worlds: a peaceful, family-friendly environment with easy access to two of Scotland's major cities. With its blend of historical landmarks, green spaces, and modern amenities, Falkirk is an attractive place to live for a wide range of residents.
Falkirk's central location makes it highly accessible. The town is well-connected by road, with the M9 and M876 motorways providing direct links to both Edinburgh and Glasgow. Falkirk High and Falkirk Grahamston railway stations offer regular train services to both cities, making it a convenient location for commuters. Local bus services also ensure easy access to surrounding towns and villages.
The town centre itself boasts a wide variety of shops, restaurants, and cafes, with Howgate Shopping Centre offering high street brands and independent retailers. Falkirk is also home to a range of cultural and entertainment venues, including the Falkirk Town Hall, which hosts performances, concerts, and community events.
Places of interest
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*DISCLAIMER
Property reference 211170507. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions - Glasgow.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on October 16, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on October 16, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.