A rare opportunity to acquire a substantial 1,300 sq. ft. former restaurant in the heart of Campbeltown, already benefiting from approved planning permission (Ref: 23/00612/PP) for conversion into a spacious residential apartment.

The property offers exceptional development flexibility due to its unusually large footprint and presents multiple options for purchasers seeking a high-yielding or value-add project.

Key Highlights

- 1,200 sq ft internal area – significantly larger than standard flats
- Existing planning consent for conversion into a single residential apartment
- Planning permission valid until May 2026
- Ideal opportunity for redesign into:

- A large three-bedroom apartment, or (subject to planning)
- Two well-proportioned one-bedroom flats (subject to planning)
- Town centre location close to shops, amenities, harbour and transport links
- Excellent resale and rental potential
- Perfect for developers, investors, and owner-occupiers seeking a bespoke home or high-yielding configuration

Development Potential

The current consent allows conversion to a generous single apartment; however, with a footprint of approx. 1,200 sq ft, the property naturally lends itself to alternative layouts.

Buyers may wish to reapply for planning to create:

- Two one-bedroom units, ideal for investors
- A flexible three-bedroom apartment
- A premium oversized one-bed with study / workspace

Any revised layout would require a new planning application, as the existing consent has not been implemented.

 

Potential income from Air bnb:

Entire rental unit in Argyll and Bute, United Kingdom: £150 for 1 night, prices quoted for the month of January.

 Same property £165 per night in the month of July.

 

On market prices in the area:

2 bedroom flat, 856.73 sq. ft., £75,000

Potential resale of two 1 bed flats @ 65,000 each.

Air bnb: £150 per night 2 nights per week in winter and 4 nights per week in Summer @ £165 = £19,200 per year approx. rental income per flat, massive yield potential

Not to be missed opportunity, early enquiry advised.