4 bedroom detached house
Virtual tour
Auction
Detached house
4 beds
Key information
Tenure: Freehold
Council tax: Ask agent
Broadband: Ultra-fast 1000Mbps *
Mobile signal:
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Features and description
- Tenure: Freehold
- Prime Property Auctions is excited to present this RARE Development Opportunity, formerly used as a hotel, located within a prime location in Grangemouth
- *1, Ronaldshay Crescent, Grangemouth, Stirlingshire FK3 9 JH previously sold for £425,000 ,12, Drummond Place, Grangemouth, Stg FK3 9 JA sold for £495,000 ,1, Henry Street, Grangemouth, Stirlingshi
- Once fully renovated, the property could command a rental income of £1,750 - £2,000 PCM / £21,000 - £24,000 PA, which would provide an exceptional gross yield of 7.6%- 8.7% based on guide price.
- Property requires full renovation. Sure to appeal to shrewd builders/investors/developers looking for a rare project with remarkable capital growth potential.
- The property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby.
Video tours
- Prime Property Auctions is excited to present this RARE Development Opportunity, formerly used as a hotel, located within a prime location in Grangemouth
- *1, Ronaldshay Crescent, Grangemouth, Stirlingshire FK3 9JH previously sold for £425,000 ,12, Drummond Place, Grangemouth, Stg FK3 9JA sold for £495,000 ,1, Henry Street, Grangemouth, Stirlingshire FK3 9JB sold for £640,000 *
- Once fully renovated, the property could command a rental income of £1,750 - £2,000 PCM / £21,000 - £24,000 PA, which would provide an exceptional gross yield of 7.6%- 8.7% based on guide price.
Property requires full renovation. Sure to appeal to shrewd builders/investors/developers looking for a rare project with remarkable capital growth potential.
- The property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby.
Prime Property Auctions is excited to present this RARE Development Opportunity, formerly used as a hotel, located within a prime location in Grangemouth
Sales Evidence:
*1, Ronaldshay Crescent, Grangemouth, Stirlingshire FK3 9JH previously sold for £425,000 ,12, Drummond Place, Grangemouth, Stg FK3 9JA sold for £495,000 ,1, Henry Street, Grangemouth, Stirlingshire FK3 9JB sold for £640,000 *
*PREMISES REQUIRES FULL RENOVATION*
Once fully renovated, the property could command a rental income of £1,750 - £2,000 PCM / £21,000 - £24,000 PA, which would provide an exceptional gross yield of 7.6%- 8.7% based on guide price.
Potentially excellent opportunity for serviced accommodation, with rates for 4 bed properties in the area starting from around £615 per night (subject to gaining necessary planning consents) At 80% occupancy per month, unit could achieve £14,965 PCM (£179,580 PA) which would generate an incredible 65.3% gross yield if secured at the guide.
* Rare project and excellent BRRR opportunity*
The property is located near a whole host of local amenities including restaurants and coffee shops, close to schools with public transport easily accessible nearby.
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.
* All planning enquiries must be made to the relevant local council as the lot is offered without any planning *
Location:
Grangemouth, located in central Scotland on the Firth of Forth, is a town with a rich industrial heritage and a strong connection to Scotland's shipping and petrochemical industries. Home to one of the country's largest ports, Grangemouth is a vital hub for trade and commerce. The town offers a mix of modern amenities, local shops, and community spaces, catering to residents and visitors alike. Surrounded by scenic walking routes along the Forth and nearby parks, it provides opportunities for relaxation amidst its industrious setting. Grangemouth's blend of historical significance and modern energy reflects its role as a key part of Scotland's economic landscape.
About this agent
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