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Old Cottage Shop 29 Newton St 2,269 sq ft Retail Property Kilbirnie KA25 6HN £49,000 (£21.60/sq ft)
Investment Highlights
- PRIME NEW LISTING. We are excited to present this tenanted commercial premises with previous planning permission for partial conversion to residential, located within a prime location in Kilbirnie, Ayrshire.
- This property previously had planning permission for a change of use from a retail unit to a residential unit, including the installation of one rooflight at the front and one rooflight, along with a window at the rear (application 20/00451/PP). This prop
- This property requires renovation to fulfil its full potential. If utilised as a serviced accommodation unit, it could achieve £170 per night based on local comparables, generating an impressive £43,435 based on a 70% occupancy rate.
- 32 34, Holmhead, Kilbirnie KA25 6BS sold for £250,500, 34, Newton Street, Kilbirnie KA25 6HW sold for £182,000, 49, Holmhead, Kilbirnie KA25 6BS sold for £204,049.**.
- This property is a fantastic opportunity for an ambitious investor looking for the next project. Turnkey investment with great rental potential and capital growth upside.
Executive Summary
• PRIME NEW LISTING. We are excited to present this tenanted commercial premises with previous planning permission for partial conversion to residential, located within a prime location in Kilbirnie, Ayrshire.
• This property previously had planning permission for a change of use from a retail unit to a residential unit, including the installation of one rooflight at the front and one rooflight, along with a window at the rear (application 20/00451/PP). This property is tenanted at £600 per month. This would generate an annual income of £7,200. Representing a 12% yield if purchased at the guide price.
PRIME NEW LISTING. We are excited to present this tenanted commercial premises with previous planning permission for partial conversion to residential, located within a prime location in Kilbirnie, Ayrshire.
The property comprises a welcoming entrance, a large open floor area perfect for versatile use, a spacious basement, a convenient storage room, and an attic conversion. Additionally, it includes a well-appointed toilet.
This property previously had planning permission for a change of use from a retail unit to a residential unit, including the installation of one rooflight at the front and one rooflight, along with a window at the rear (application 20/00451/PP). This property is tenanted at £600 per month. This would generate an annual income of £7,200. Representing a 12% yield if purchased at the guide price.
Kilbirnie, located in Ayrshire, offers a charming blend of history and modern living. Surrounded by picturesque countryside, it is a vibrant community with local amenities, schools, and excellent transport links to nearby cities, making it a desirable destination for residents and investors alike.
• This property previously had planning permission for a change of use from a retail unit to a residential unit, including the installation of one rooflight at the front and one rooflight, along with a window at the rear (application 20/00451/PP). This property is tenanted at £600 per month. This would generate an annual income of £7,200. Representing a 12% yield if purchased at the guide price.
PRIME NEW LISTING. We are excited to present this tenanted commercial premises with previous planning permission for partial conversion to residential, located within a prime location in Kilbirnie, Ayrshire.
The property comprises a welcoming entrance, a large open floor area perfect for versatile use, a spacious basement, a convenient storage room, and an attic conversion. Additionally, it includes a well-appointed toilet.
This property previously had planning permission for a change of use from a retail unit to a residential unit, including the installation of one rooflight at the front and one rooflight, along with a window at the rear (application 20/00451/PP). This property is tenanted at £600 per month. This would generate an annual income of £7,200. Representing a 12% yield if purchased at the guide price.
Kilbirnie, located in Ayrshire, offers a charming blend of history and modern living. Surrounded by picturesque countryside, it is a vibrant community with local amenities, schools, and excellent transport links to nearby cities, making it a desirable destination for residents and investors alike.
Property Facts Sale Pending
Sale Type
Owner Occupier
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Property Size
2,269 sq ft
Costar Property Class
C
Year Built
1900
Price
£49,000
Price per sq ft
£21.60
Tenancy
Single
Number of Floors
2
Plot ratio
0.76
Total Plot Size
0.07 ac
Amenities
- 24 Hour Access
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Nearby Major Retailers
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Old Cottage Shop | 29 Newton St
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