For Sale By Auction | 14:00, 31 January 2019

12-16, Castle Street, Port Bannatyne, Rothesay, PA20 0ND

*Guide | £100,000+ (plus fees)

  • Residential Development
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 31/01/2019

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Portfolio of 22 flats

Seldom available at public auction, outstanding opportunity to purchase this portfolio of 22 traditional tenement flats situated within the popular seaside Island town of Port Bannatyne, on the Isle of Bute. This lot comprises the entire tenement buildings of 14 and 16 Castle Street with some of the flats within 12 Castle Street. The properties require renovation with the entire building at number 16 Castle Street having been renovated with some kitchens and bathrooms close to completion with the remaining flats within numbers 14 and 12 requiring full internal renovation.

Tenure

Freehold

Portfolio of 22 flats

Excellent buy to let investment

Requires full renovation

Close to seaside

Popular for holiday lets

Area

Rothesay is the principal town on the Isle of Bute, set on the Firth of Clyde. The island is served by two ferry services the main one is Rothesay to Wemyss Bay (approx 35 minutes), thereafter by road, Glasgow Airport is approx. 45 minutes and Edinburgh approx. 2 hours. The village of Port Bannatyne is only 3 miles from Rothesay’s town centre with the island’s main shops including a supermarket and mainland ferry services. Port Bannatyne has a new marina, 3 pubs and a Post Office, all of which are extremely near the property. Regular bus service to Rothesay. Recreational activities include 3 golf courses, horse riding, fishing, walking including the West Island Way

Local Authority

Argyll and Bute Council

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of £2,000 inc VAT unless otherwise stated

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