Investment property with conversion potential

Vacant commercial unit located within a prime location in Ayr. This presents an excellent development opportunity for a commercial-to-residential conversion, with the potential to develop between 3/4 flats with strong rental and capital growth potential, subject to planning and consents. The property comprises a spacious and flexible commercial layout, offering a practical footprint that could suit a variety of business uses, while also lending itself well to reconfiguration for alternative strategies, subject to the relevant consents. Anticipated rent across the potential three/four flats is between £24,000 and £32,000 per annum creating a strong high-yielding opportunity. The property is held on a freehold basis, giving the buyer outright ownership and long-term control over the asset. If transformed, the property could potentially flourish as an AirBnB or serviced accommodation. Comparable properties in the area are achieving impressive rental rates of £125 - £175 per night, subject to necessary planning consents. This could potentially generate an annual income of £31,938 - £44,713 based on 70% occupancy, offering high yield potential. Properties in the area are selling for between £120,000 and £155,000, presenting a significant cash-generating opportunity, subject to obtaining the necessary planning and permissions. The rateable value is to be confirmed by the Assessor, and interested parties should satisfy themselves regarding any business rates liability and any relief that may be available, subject to eligibility. Ayr is a well-established coastal town with a busy commercial core that supports a wide mix of independent traders, professional services, hospitality and national retailers. Sandgate sits close to the town centre, benefiting from consistent passing trade and strong visibility for a range of business uses. The area is well connected, with Ayr railway station providing regular services and the road network offering straightforward access via the A77 and wider routes across Ayrshire and beyond. Ongoing demand from local occupiers is underpinned by the town's role as a key regional hub, making well-located units attractive to both investors and owner-operators.