6 FLATS AT 20 West Princes Street, Rothesay, Argyll and Bute, PA20 9AF
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Block of Apartments
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- EXCEPTIONAL INVESTMENT OPPORTUNITY: SIX RESIDENTIAL FLATS AT 20 WEST PRINCES STREET
- THE PROPERTY IS IDEALLY SITUATED TO OFFER BOTH CONVENIENCE AND THE SERENE CHARM OF ISLAND LIVING
- HIGH YIELDING INVESTMENT OF 11.8% PER ANNUM BASED ON GUIDE PRICE
Description
***PROPERTY HIGHLIGHTS***
*Versatile Layout* - The building comprises six individual flats, each thoughtfully designed to cater to a variety of tenant needs, from singles to small families.
*Prime Location* - Located on West Princes Street, residents are within easy walking distance of Rothesay's vibrant town centre, offering a range of amenities including shops, cafes, and cultural attractions.
*Scenic Surroundings* - Rothesay is renowned for its stunning coastal views and historic sites, providing residents with ample recreational opportunities and a high quality of life.
*Strong Rental Demand* - The Isle of Bute has a consistent demand for rental properties, making this an attractive investment for those seeking steady rental income.
*Investment Potential* - The property's configuration into six flats allows for multiple income streams, enhancing its appeal to investors. The ongoing demand for residential rentals in Rothesay, coupled with the property's prime location, suggests a promising return on investment.
Current rental total income of consists of four flats each producing a monthly rental income of £500 each, one flat producing £550 monthly rental income, and another flat producing £600 monthly rental income. The total rental income for all six flats of £3,150 per month (producing a high yield of 11.8% per annum based on guide price)
***LOCAL AMENITIES AND TRANSPORT***
Connectivity: Rothesay is well-connected via ferry services to the mainland, facilitating easy commutes for residents and visitors alike.
Community Facilities: The town boasts a variety of amenities, including schools, healthcare facilities, and leisure centres, contributing to its reputation as a desirable place to live.
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 9 Craigmore Road, Rothesay, Isle Of Bute, PA20 9LB - SOLD Dec'24 - £385,000
- 37 Gracefield, Crichton Road, Rothesay, Isle Of Bute, PA20 9JT - SOLD Dec'24 - £326,000
Situated on the Isle of Bute, in the Firth of Clyde off the West Coast of Scotland. Bute is an area of outstanding natural beauty and is the most accessible of all the Scottish Islands. There are two regular ferry services to the island from Wemyss Bay, near to Glasgow and from Colintraive on the Argyll peninsula. Bute can be an activity based experience if you desire. Diving, walking, swimming, cycling, fishing, shooting, sailing and golf are amongst the activities on offer. It has also seen an explosion of quirky eateries, including an American diner with live entertainment, an authentic Italian, a French Moroccan bistro as well as traditional Inns offering Scottish fare.
The island has also seen a wealth of new niche businesses in recent years. Bute hosts many festivals through out the year such as the highland games, jazz festival, Bute Noir book festival, LGBT pride march, classic car rallies and Bute Song to name a few. Bute has seen a surge in recent years of folks looking for a lifestyle change by relocating to the Island and travelling to the mainland for work. Excellent broadband access also means working from home on the Island is possible.
GUIDE PRICE - £320,000
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Legal DocumentsOnline Bidding- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
6 FLATS AT 20 West Princes Street, Rothesay, Argyll and Bute, PA20 9AF
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Visit our security centre to find out moreDisclaimer - Property reference 290834. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Online Property Auction Scotland, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Online Property Auction Scotland, Glasgow on 0141 673 3844.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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