Summary - Smugglers Inn, Harbour Place, Burntisland, Fife, KY3 KY3 9DP
1 bed 1 bath Commercial Property
**Standout Features:**
- Prime mixed-use investment opportunity in Burntisland, Fife
- Planning approval for conversion to bar/restaurant
- Versatile property: Ground floor commercial unit with ensuite rooms and two self-contained flats above
- Excellent yield potential (up to 84%)
- High daily footfall in a bustling location near the high street
- Currently tenanted rooms generating immediate rental income
**Summary:**
Unlock the potential of this prime mixed-use commercial and residential property located just steps from Burntisland's vibrant high street. This fixer-upper, housed in a charming Scottish stone building, features a ground floor commercial unit previously operating as a pub, along with three ensuite bedrooms, and two spacious flats on the upper floors — each boasting four bedrooms, large open-plan living spaces, and two bathrooms.
With an approved planning permission to convert the ground floor into a bar/restaurant, there is tremendous scope for enhancing its income-generating capabilities. Investors keen on the BRRR (Buy, Renovate, Rent, Refinance) strategy can leverage the existing tenant income while creating a lucrative project boasting a yield potential of 84% at the guide price. This property could seamlessly transition into a hotel or B&B, with a possible annual revenue exceeding £210,000 if fully occupied.
Situated in the picturesque coastal town of Burntisland, known for its vibrant seaside charm and strong local identity, this listing is perfect for savvy investors or owner-occupiers wanting a property ripe for customization. Don't miss this unique opportunity to invest in an area with high footfall and future redevelopment potential; properties like this won't last long in today’s market. Immediate offers are encouraged as it sets the stage for a promising auction sale.
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