£139,995 Guide price
We are delighted to offer to auction this exciting development project which enjoys prime central location in the West Dunbartonshire village of Renton.
The development comprises a non-trading public house on the ground floor fronting the main street and, on the upper level accessed from the rear, 2x one bedroom flats with tenants in situ and each producing rental income of £5200 per annum. There is also land to the rear that could provide further development potential.
The public house currently extends to approximately 1500 square feet and has planning permission in place under West Dunbartonshire Council planning reference DC20/109 for conversion from commercial to residential which, due to the convenient location along with the tourist demand for Loch Lomond and The Trossachs National Park, would make this development suitable for long term rental as well as offering great potential as a holiday rental or serviced accommodation unit.
In addition, the land to the rear of the property extends to approximately 200 square metres and, with easy access from the main street, this could be suitable for further development subject, of course, to the necessary planning consents.
Not only does the development offer strong end value potential, but what makes this unique is that there is income in excess of £10,000 p.a. being produced from the tenanted flats whilst the development is taking place on the lower level.
The competitively positioned Guide Price, existing income and end value potential combine to make this a very attractive proposition and, as such, we anticipate strong levels of demand. Early viewing is strongly recommended to fully appreciate the value on offer.
The West Dunbartonshire village of Renton offers a range of local facilities with a greater range available in nearby Dumbarton. The Renton School Campus is currently under construction and Renton offers easy access to the tourist hot spots of Loch Lomond and Trossachs National Park. Road and public transport links are excellent to easily connect Renton to Dumbarton, Glasgow and further afield. Faslane and Coulport Naval Bases are also within easy reach by road.
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