Property photos
Just added
Auction
Freehold
Guide price
£195,000
Land for sale
Lochleven Road, Lochore, Lochgelly KY53 baths
Local area information
Property location
Nearby amenities
- Benarty Primary School 0.3 miles
- St Kenneth's R C Primary School 0.8 miles
- Lochgelly 1.4 miles
- Cardenden 2.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- Freehold
- Prime Property Auctions is excited to bring to market this Exceptional Commercial Investment Opportunity located within a fantastic location in Lochore. *** prime investment opportunity ***
- Properties could achieve a staggering combined monthly rent of between £2,450 - £2,700, generating a gross annual income of £32,400 and a gross yield of 16.6% if achieved at a guide price of £195,000. *** potentially high yielding opportunity ***
- The commercial property has the potential to be turned into two residential dwellings. The attic of the residential properties also has the potential to be converted into another 2 additional dwellings. Subject to the necessary planning and consents. Once converted, the property could achieve a fantastic gdv of £450,000. *** high gdv potential ***
- *** 13, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £120,000 in July 2023,15, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £100,000 in January 2023,22, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £140,000 in October 2021 ***
- Prime Opportunity for a shrewd investor looking for a packed portfolio deal consisting of 3 Tenanted residential flats and a 1 Vacant commercial unit. Properties are currently producing a combined monthly rent of £1,260 (£15,120 per annum), generating a gross yield of 7.7% based on a guide price of £195,000.
- Prime Property Auctions is excited to bring to market this Exceptional Commercial Investment Opportunity located within a fantastic location in Lochore. *** prime investment opportunity ***
- Properties could achieve a staggering combined monthly rent of between £2,450 - £2,700, generating a gross annual income of £32,400 and a gross yield of 16.6% if achieved at a guide price of £195,000. *** potentially high yielding opportunity ***
- The commercial property has the potential to be turned into two residential dwellings. The attic of the residential properties also has the potential to be converted into another 2 additional dwellings. Subject to the necessary planning and consents. Once converted, the property could achieve a fantastic gdv of £450,000. *** high gdv potential ***
- *** 13, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £120,000 in July 2023,15, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £100,000 in January 2023,22, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £140,000 in October 2021 ***
- Prime Opportunity for a shrewd investor looking for a packed portfolio deal consisting of 3 Tenanted residential flats and a 1 Vacant commercial unit. Properties are currently producing a combined monthly rent of £1,260 (£15,120 per annum), generating a gross yield of 7.7% based on a guide price of £195,000.
Prime Property Auctions is excited to bring to market this Exceptional Commercial Investment Opportunity located within a fantastic location in Lochore.
*** prime investment opportunity ***
The Portfolio Consists of 4 Units:
Commercial 48 Lochleven Road, Lochore, KY5 8DA
Property is back to brick and has potential to be turned into 2 residential units. Once converted, the property could achieve a fantastic gdv of £200,000. With fantastic sales evidence to support.
*** high gdv potential ***
*** 13, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £120,000 in July 2023,15, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £100,000 in January 2023,22, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £140,000 in October 2021 ***
Commercial Property also has potential to turn into 3 smaller units for let. Sure to appeal to a shrewd investor looking for a packaged portfolio investment.
Flat 1 44 Lochleven Road, Lochore, KY5 8DA: The 2-bed flat is currently tenanted at £360 per calendar month.
Flat 2 44 Lochleven Road, Lochore, KY5 8DA: The 1-bed flat is currently tenanted at £450 per calendar month.
Flat 3 44 Lochleven Road, Lochore, KY5 8DA: The 2-bed flat is currently tenanted at £450 per calendar month.
Properties could achieve a staggering combined monthly rent of between £2,450 - £2,700, generating a gross annual income of £32,400 and a gross yield of 16.6% if achieved at a guide price of £195,000.
*** potentially high yielding opportunity ***
Local Sales Evidence of Similar Properties Supporting gdv Calculations
*** 13, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £120,000 in July 2023,15, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £100,000 in January 2023,22, Lochleven Road, Lochore, Lochgelly, Fife, KY5 8DA Sold for £140,000 in October 2021 ***
Prime Opportunity for a shrewd developer looking for a generous portfolio that welcomes a flurry of different strategies to produce a strong return on investment.
Property has a Guide price of £195,000 and is sure to appeal to shrewd commercial developers looking for a rarely available development commercial opportunity.
*** vast potential ***
This lot is open to immediate offers. Should you wish to offer now, you can do so via our “Make an Offer” 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:
Lochore is a charming village nestled in the heart of Fife, Scotland, known for its picturesque landscapes and the nearby Lochore Meadows Country Park, often referred to as 'The Meedies.' The park is a local gem, offering a wide range of outdoor activities, including walking trails, cycling routes, fishing, sailing, and a golf course, making it an ideal spot for nature lovers and families alike. The village itself maintains a peaceful, rural feel, while still providing access to essential amenities such as schools, shops, and healthcare facilities.
Lochore benefits from strong transport connections to neighbouring towns, including Dunfermline, Kirkcaldy, and Glenrothes, as well as to Edinburgh, making it suitable for commuters who prefer a quieter, countryside lifestyle. With a rich history and a growing sense of community, Lochore is a desirable location for those seeking both tranquillity and convenience.
Floor plans and tours
Floor plans (4)
Tours (4)
4 virtual tours available
Step inside the property with a virtual tour or video walkthrough.
More information
Listed by
Prime Property Auctions
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