Aldersyde Bunkhouse, Lamlash, Isle of Arran, North Ayrshire, KA27 8LS

Aldersyde Bunkhouse in Lamlash offers a truly exciting opportunity for a developer to create four apartments which will be in high demand on the island, with planning permission already approved. The property's history involves being used as tourist accommodation, and with this new lease of life, the apartments are sure to appeal to those looking to live on the island full-time, those looking for a second/holiday home, or as a rental investment. Full refurbishment is required, giving the new owner an opportunity to create sought-after, high-spec island homes.

The planning permission outlines two ground-floor apartments and two first-floor apartments. The ground-floor properties will both have their own private main-door entrances, accessed via ramps to make them accessible for all buyers. The first-floor apartments will also have their own private main-door entrance as well. The apartments will comprise entrance hallways, fantastic open-plan kitchen, living, and dining rooms ideal for entertaining and everyday life, and two good-sized bedrooms, with the ground-floor apartments benefiting from shower rooms and the first-floor homes featuring bathrooms. Providing additional space, one ground-floor apartment has three bedrooms (instead of two). Furthermore, the first-floor homes will also boast their own private balconies.

The development will also offer private residents' parking and lies within easy strolling distance of the amenities that Lamlash has to offer, including a Co-op supermarket, a Post Office, a selection of independent retailers, transport links across the island, a primary school, the island's only high school, the ferry port to the Holy Isle, Lamlash Green, and the picturesque waterfront.

Approximate sizes (once completed)

G/1  689sqft  (64M2)

G/2  883sqft  (82M2)

1/1  570sqft   (53M2)

1/2  732sqft   (68M2)

Watermans has spoken to a RICS surveyor and would suggest the following valuation for the properties, once completed:

G/1 - £205,000

G/2 - £230,000

1/1 - £205,000

1/2 - £220,000

Total GDV = £860,000

Area

This magnificent development opportunity is situated in a quiet location, in the relaxed, coastal village of Lamlash, which lies on the eastern aspect of the Isle of Arran, a popular island off the west coast of Scotland. The village of Lamlash has two hotels (The Glenisle & Lamlash Bay Hotel), two pubs (The Pierhead Tavern (PHT) & The Drift Inn), a newsagents, a chemist, medical centre, the only hospital on the island and the Co-op.

Brodick, Arran's main town, has two larger Co-Op supermarkets and a full range of professional services. Brodick is the port from which regular sailings throughout the day, serviced by Caledonian MacBrayne, lead to the mainland at Ardrossan. Commuters and travellers now benefit from Road Equivalent Tarrif (RET) ferry fares, which are substantially lower than before. Ardrossan has a main line rail station, with trains to Glasgow that connect with the ferry times, and is approximately 30 miles from Glasgow City Centre. Prestwick International Airport is 16 miles to the south of Ardrossan, with Glasgow International Airport 24 miles east of Ardrossan.

The Primary school, nursery and the only High School and Gym Campus are situated within a very short level walk and further Primary schooling is available in Corrie, Brodick and Whiting Bay. A frequent bus service runs around and across the island and, at Lochranza, there is the ferry terminus that allows quick access to the stunning West of Scotland via Claonaig. Kintyre here we come !