16 Melville Street, Falkirk, FK1 1HZ
- PROPERTY TYPE
Office
- SIZE
Ask agent
Key features
- Prime Property Auctions is excited to present this Fantastic Tenanted Commercial Investment Opportunity located within a prime location in Falkirk ***GUIDE PRICE OF £162,000***
- Property Comprises Multiple Office spaces over 2 floors, with the potential to produce a STAGGERING gross annual income of £25,000 per annum, churning a gross yield of 15.43% if purchased for a guid
- Property has potential to be converted into residential units subject to necessary planning permission and consents. Sure to appeal to builder/investors looking for Rare Auction property.
- If converted, it could present an excellent opportunity for serviced accommodation, potentially returning £39,420 per annum once developed (subject to gaining necessary planning consents). This woul
- Property is Property is currently partially tenanted at an annual gross income of £7,150.86, with multiple fantastic exit strategies. Sure to appeal to a shrewd investor. *** RARE INVESTMENT OPPORTU
Description
- Prime Property Auctions is excited to present this Fantastic Tenanted Commercial Investment Opportunity located within a prime location in Falkirk ***GUIDE PRICE OF £162,000***
- Property Comprises Multiple Office spaces over 2 floors, with the potential to produce a STAGGERING gross annual income of £25,000 per annum, churning a gross yield of 15.43% if purchased for a guide price of £162,000. *** POTENTIALLY HIGH YIELDING COMMERCIAL OPPORTUNITY ***
- Property has potential to be converted into residential units subject to necessary planning permission and consents. Sure to appeal to builder/investors looking for Rare Auction property.
- If converted, it could present an excellent opportunity for serviced accommodation, potentially returning £39,420 per annum once developed (subject to gaining necessary planning consents). This would generate an IMPRESSIVE GROSS YIELD of 24.33% if achieved for a guide price of £162,000.
- Property is currently partially tenanted at an annual gross income of £7,150.86, with multiple fantastic exit strategies. Sure to appeal to a shrewd investor. *** RARE INVESTMENT OPPORTUNITY ***
Prime Property Auctions is excited to present this Fantastic Tenanted Commercial Investment Opportunity located within a prime location in Falkirk ***GUIDE PRICE OF £162,000***
Property Comprises Multiple Office spaces over 2 floors, with the potential to produce a STAGGERING gross annual income of £25,000 per annum, churning a gross yield of 15.43% if purchased for a guide price of £162,000.
*** POTENTIALLY HIGH YIELDING COMMERCIAL OPPORTUNITY ***
Property has potential to be converted into residential units subject to necessary planning permission and consents. Sure to appeal to builder/investors looking for Rare Auction property.
If converted, it could present an excellent opportunity for serviced accommodation, potentially returning £39,420 per annum once developed (subject to gaining necessary planning consents). This would generate an IMPRESSIVE GROSS YIELD of 24.33% if achieved for a guide price of £162,000.
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 center 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.
16 Melville Street, Falkirk, FK1 1HZ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Falkirk Grahamston Station0.1 miles
- Falkirk High Station0.7 miles
- Camelon Station1.3 miles
About Prime Property Auctions (Scotland) Ltd, Glasgow
100 West Regent Street, Suite 3.02, Glasgow, G2 2QD
Notes
Disclaimer - Property reference 210407169. 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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