Summary - 216, HIGH STREET KY1 1JT
1 bed 1 bath Retail Property (high street)
Rare freehold project for developers targeting serviced accommodation conversion.
- Vacant whole building spanning three floors with high ceilings
- Large ground-floor shop with rear storeroom and exposed beams
- Four sizeable upper rooms suitable for conversion
- Freehold tenure; offered for sale at auction
- Requires full renovation and service upgrades throughout
- Conversion dependent on obtaining planning consents
- Located in a very deprived area; impacts tenant demand and yields
- Strong local short-stay rates cited but not guaranteed
A vacant three‑storey freehold building on Kirkcaldy High Street offering clear scope for redevelopment and income generation. The property includes a large ground‑floor shop area with storeroom and four substantial upper rooms, high ceilings and period character that suit conversion to serviced accommodation or mixed commercial/residential use, subject to planning.
This is a renovation project aimed at experienced developers, builders or buy‑to‑let investors. The building is offered at a discounted guide price and presented as an auction lot, creating potential for strong capital uplift once renovated and let. Local short‑stay rates indicate healthy income potential for one‑bed units, but all income scenarios depend on securing the necessary planning consents.
Buyers should budget for a full refurbishment: the property requires complete renovation and upgrades to services and finishes. The site sits in a very deprived area, which may affect tenant mix and yields, but also supports value-add opportunities for the right investor prepared to manage refurbishment and letting risks. Mobile signal and broadband are good, and there is wide local amenity provision and transport links.
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