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Old Cottage Shop 29 Newton St 2,269 SF Retail Building Kilbirnie KA25 6HN $65,777 ($28.99/SF)
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 User
Sale Condition
Auction Sale
Property Type
Retail
Tenure
Freehold
Building Size
2,269 SF
Building Class
C
Year Built
1900
Price
$65,777
Price Per SF
$28.99
Tenancy
Single
Building Height
2 Stories
Building FAR
0.76
Lot 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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