Smugglers Inn, Harbour Place, Burntisland, Fife, KY3

PRIME NEW LISTING. We are excited to present this fantastic mixed use investment opportunity. PRIME DEVELOPMENT OPPORTUNITY
2, Galahill, Lammerlaws, Burntisland, Fife KY3 9BS sold for £615,000.65, Kirkton Road, Burntisland, Fife KY3 0BF sold for £565,000.
Sure to appeal to shrewd investors looking for a mixed use property. Excellent yield potential of 84% if achieved for guide price HIGH YIELD
For those looking for a great project with vast potential to add value and still have high cashflow after refinance BRRR STRATEGY
The property is situated near Burntisland's busy high street, benefiting from large daily footfall. PRIME LOCATION

PRIME NEW LISTING. We are excited to present this fantastic mixed use investment opportunity. PRIME DEVELOPMENT OPPORTUNITY

Property is a blank canvas with so many potential opportunities. Established use for the commercial unit as a bar with planning approved to convert into a bar/ restaurant.

Property currently comprises:

Ground Floor Commercial Unit: Pub, pool room, kitchen, kitchen storage, laundry area, male, female and disabled bathrooms, 3 ensuite bedrooms, back bar area.

First Floor: Flat with 4 bedrooms, kitchen, 2 bathrooms, spacious open plan living room/ kitchen. Large storage at rear.

Second Floor: Flat with 4 bedrooms, kitchen, 2 bathrooms, large open plan living room/ kitchen. WALK-IN CONDITION

Sure to appeal to investors looking for a great project with vast potential depending on strategy.

The property could be fully converted into a commercial and run as a hotel/ aparthotel/ bed and breakfast which could achieve £75 per room per night subject to planning. If the current 11 bedrooms in place were occupied at 70% this would generate in excess of £210,000 a year. There would be potential to renovate the pub/restaurant or to add even more bedrooms. This is a yield of 84% if achieved at guide price. FANTASTIC YIELD

The property has a variety of uses and could be used for a variety of different property strategies.

If fully converted into residential properties there is scope to finish with 3 x 4 bed flats, and 2 x 3 bed flats to develop and flip 19, Craigkennochie Terrace, Burntisland, Fife KY3 9EN (3 bed flat) sold for £257,000 in May 2024. Meaning a GDV of £1,300,000 HUGE PROFIT If held and rented out they could achieve a combined rental income of £50,400 HIGH CASHFLOWING INVESTMENT

For those looking for a great project with vast potential to add value and still have high cashflow after refinance BRRR STRATEGY

The property will be sold with vacant possession however the 3 ensuite bedrooms are currently tenanted at £40 per room per night and the 4 bedroom flat is currently being rented out at £800 PCM.

Sure to appeal to shrewd buy to let investors looking for a fantastic commercial and residential investment opportunity with high yield potential.

Property is ready to let/occupy. Great opportunity for owner occupiers looking for a property they can put their own stamp on.

Sales comparables:

2, Galahill, Lammerlaws, Burntisland, Fife KY3 9BS sold for £615,000.65, Kirkton Road, Burntisland, Ffe KY3 0BF sold for £565,000.*

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:

Burntisland is a captivating coastal town located in Fife, Scotland, nestled along the northern shore of the Firth of Forth. Originally established as a natural harbor, it developed into an important port and shipbuilding center during the 16th century. The town is distinguished by its sweeping sandy beach, historic High Street with traditional Scottish architecture, and the imposing Rossend Castle which overlooks the harbor. During summer months, Burntisland comes alive with its famous fairground, one of Scotland's oldest annual fairs dating back to the 1500s. The town sits dramatically beneath the backdrop of the Binn, a distinctive hill offering panoramic views across the Forth to Edinburgh. Despite its proximity to Edinburgh, just a short train journey across the iconic Forth Bridge, Burntisland retains its authentic Scottish seaside character and strong sense of local identity.