One bedroom flat

A rare opportunity to acquire a large style one-bedroom flat in the heart of Oban, one of the West Coast's most sought-after towns and the gateway to the Hebrides. Set on the top floor of a characterful stone-built block dating from around 1890, this well-proportioned home would make an ideal addition to any buy-to-let portfolio, or a fantastic first step onto the property ladder. The accommodation comprises a welcoming hallway, a bright lounge, a double bedroom, a kitchen, a useful boxroom ideal for a home office or storage, and a bathroom with an electric shower over the bath. The flat benefits from uPVC double glazing and electric storage heating, and has an EPC rating of D with the potential to reach C. The property has been a successful buy-to-let and is now ready for its next owner-occupier or tenant. Based on the current Local Housing Allowance rate for a one-bedroom property, the flat has the potential to achieve rental income of around £5,385 per annum. Demand is high in the area for a large one-bedroom flat, and a stronger rent could be achieved in the private rental sector. This is an excellent opportunity for investors looking to secure a foothold in one of Scotland's busiest coastal towns. Alternatively, it would suit an owner-occupier looking to be close to local shops and services. Council Tax Band B.

Tenure

Freehold

Area

Oban is the principal town of Argyll and one of Scotland's most visited west coast destinations, long known as the "Gateway to the Isles". Its harbour runs year-round CalMac ferry services to Mull, Iona, Barra, Colonsay, Coll, Tiree and Lismore, driving steady tourist footfall through the town and underpinning strong seasonal and long-term rental demand. The town centre delivers a full range of amenities within walking distance, including high street and independent shops, cafes, restaurants, banks and supermarkets, alongside primary and secondary schooling. Oban railway station offers a direct and scenic line to Glasgow Queen Street, with regular bus links serving the wider Argyll area.

Energy Efficiency Rating (EPC)

Current Rating D

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.