Office for sale in 16 Melville Street, Falkirk FK1

• Prime Property Auctions is excited to present this Fantastic Tenanted Commercial Investment Opportunity located within a prime location in Falkirk ***guide price of £165,000***


• 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% if purchased for a guide price of £165,000. *** 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 23.9%.


• 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 £165,000***

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% if purchased for a guide price of £165,000.

*** 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 23.9%.

Potentially excellent opportunity for serviced accommodation, with rates around £135 per night (subject to gaining necessary planning consents) At 80% occupancy per month, unit could achieve £3,285 p/m (£39,420 p/a) which would generated an incredible 54% gross yield if secured at the guide of £80,000.

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.

This property could also be an excellent opportunity for serviced accommodation, with rates for 1 bed properties in the area starting from around £150 per night. ***potentially high yielding investment***

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.