Studio flat · KW1 4NG
For saleReduced £3k (−2%) on 23 OctListed 86 days
Opportunity summary
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About
Former church for sale in the centre of picturesque Wick. 2 massive floors (6300 Square feet) for sale in what was formerly the Bridge Street free church in the centre of Wick.
The property was recently used as a showroom for a furniture company but now has huge potential for both commercial and residential development.
The property already benefits from commercial planning having been approved but due to the size, the canny investor may wish to change the use to residential use in order to maximise rental income.
Planning has already been granted for flats on the basement level meaning that further applications on the upper floors could be successful.
Should the necessary planning be accepted, a large potential rental income could be expected through short term letting such as Air B&B to take advantage of visiting tourists to the area and the hundreds of thousands of travellers doing the North Coast 500 tourist route all year round.
Residential rental prices in Wick can be up to £850 pcm for an individual and up to £2500 per week for Air B&B.
Considering the size of this property, it would be large enough to accommodate several flats.
Property comprises of two giant floors, access to the front and rear, stairway access to upper floor on both sides and access to parking at the rear with 183 spaces.
Situated on Bridge Street in the very centre of Wick, this property is right at the heart of town. Close to shops, cafes, restaurants and supermarkets.
Other tourist attractions include the working harbour, North Baths, Caridehuna Well and of course, the world famous "Old Pulteney" single malt Whisky distillery which was founded in 1856 and welcomes thousands of visitors every year and is also a natural stop on the famous North Coast 500 tourist route.
The town is linked by the A9, the main trunk road in Scotland which connects you. To some major Scottish cities including Inverness and Edinburgh.
A short 30 minute drive gets you to the ferry terminal at Scrabster which has regular sailings to the magnificent Orkney and Shetland islands which are world renowned for their rugged beauty, rich history and incredible wildlife.
Wick train station is a 2 minute walk from the property and provides links to all other Scottish cities via Inverness.
Inverness 2 hours 30 mins Ullapool 3 hours John o'Groats 30 mins Scrabster (ferry terminal) 30 mins This lot will be sold under auction terms and conditions by Braveheart Auctions.
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2 massive floors (6300 Square feet) for sale Commercial planning approved Residential planning potential Huge potential for both commercial and residential development.
Planning already granted for flats at basement level Situated on Bridge Street in the very centre of Wick, this property is right at the heart of town.
Close to shops, cafes, restaurants and supermarkets The town is linked by the A9, the main trunk road in Scotland which connects you. To some major Scottish cities including Inverness and Edinburgh.
Property comprises of two giant floors, access to the front and rear, stairway access to upper floor on both sides and access to parking at the rear.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Bridge Street Free Church, Bridge Street, Wick
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