George Johnston House Business Centre, 61 Bank Street, Lochgelly, KY5 9QN
- PROPERTY TYPE
Commercial Development
- SIZE
Ask agent
Key features
- PRIME NEW ENTRY. We are excited to bring to market this rare Commercial Development Opportunity, located within a prime location in Lochgelly.
- Property boasts an impressive size of approximately 4500sqm and has potential for conversion into 16 bed HMO with en suites. There is also potential for conversion to 5 residential apartments (Subjec
- Sure to appeal to shrewd commercial investors and developers looking for a fantastic investment opportunity with high yield potential.
- Property currently comprises 15 office suites. For rental purposes, if converted into HMO, the property could potentially command an annual rent of £77,000, based on full occupancy and an estimate o
- Property is situated in a prime location, in close proximity to town centre and is just 1 minute walk from Lochgelly Station - ***PRIME LOCATION***
Description
- PRIME NEW ENTRY. We are excited to bring to market this rare Commercial Development Opportunity, located within a prime location in Lochgelly.
- Property boasts an impressive size of approximately 4500sqm and has potential for conversion into 16 bed HMO with en suites. There is also potential for conversion to 5 residential apartments (Subject to gaining necessary planning permissions)
- Sure to appeal to shrewd commercial investors and developers looking for a fantastic investment opportunity with high yield potential - *FEASIBILITY LINKED BELOW*
- Property currently comprises 15 office suites. For rental purposes, if converted into HMO, the property could potentially command an annual rent of £77,000, based on full occupancy and an estimate of £400 per room.
- Property is situated in a prime location, in close proximity to town centre and is just 1 minute walk from Lochgelly Station - ***PRIME LOCATION***
We are excited to bring to market this excellent Commercial Opportunity, located within a prime location in Lochgelly.
Existing property comprises:
Serviced office space with common
kitchen and wc facilities.
15 office suites.
Private parking to side and rear.
For rental purposes, the property could attract a combined annual rent of £40,000 - £50,000 per annum. Potential to achieve circa £80,000 per annum if converted into HMO (subject to gaining necessary permissions)
**POTENTIAL FOR RESIDENTIAL CONVERSION FOR 5 APARTMENTS**
Potential for conversion into large single occupancy dwelling or 16 bed HMO
Sure to appeal to shrewd investors looking for a rare commercial investment opportunity.
Property is due for online auction. To make a pre-auction offer, or register for the live auction, please contact the team to get set up.
Location:
Lochgelly in Fife is popular with residents and investors thanks to its affordability, strong transport links via the A92 and rail, and ongoing regeneration that's improving housing, amenities and public spaces. Its central location makes commuting to Edinburgh, Dundee and nearby Fife towns easy, while access to green space adds to its appeal. Combined with steady investment and a supportive local community, Lochgelly offers good value and solid long-term potential.
George Johnston House Business Centre, 61 Bank Street, Lochgelly, KY5 9QN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Lochgelly Station0.5 miles
- Cowdenbeath Station1.7 miles
- Cardenden Station2.1 miles
About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
Notes
Disclaimer - Property reference 221656086. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Prime Property Auctions (Scotland) Ltd, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Prime Property Auctions (Scotland) Ltd, Glasgow on 0141 465 5880.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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