Commercial refurbishment project

This redundant ground floor commercial unit, extending to approximately 33 square metres, is part of a larger block comprising an adjoining vacant commercial unit and vacant flats above. A full programme of refurbishment works is required to create a small commercial unit, or potentially conversion to studio or compact one bedroom apartment. Any works would be subject to all required consents, also noting that the property sits within a Conservation Area. The competitive guide price and location close to the town centre and ferry terminal makes either project appealing for an investor looking to take advantage of tourist demand in the town. ** NOTE – the existing owner has indicated that a deal to purchase the adjoining unit and residential above could possibly be brokered – further details can be made available to interested parties **

Tenure

Freehold

Area

Watergate is situated in the heart of Rothesay, the principal town on the Isle of Bute and a popular visitor destination on the Firth of Clyde. The town combines a traditional Victorian seafront with a wide range of shops, cafés, restaurants and leisure facilities, while the nearby ferry terminal provides regular connections to Wemyss Bay, making Rothesay readily accessible from Glasgow and the Central Belt. The location benefits from strong tourist and short-break appeal, with Rothesay Castle, Bute Museum, the seafront and Esplanade, Mount Stuart and the island's beaches and countryside providing a broad range of attractions. Tourism is recognised by Argyll & Bute Council as a core component of Rothesay's local economy.

Local Authority

Argyll and Bute Council

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.