Sold Prior

The Craigen, 85, Argyll Street, Dunoon, Argyll And Bute, PA23 7DH

Sold Prior

  • Commercial Property
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Thu 19/09/2019

Auction Time

14:00

Auction Venue

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

Commercial Investment

This exciting business/development opportunity enjoys prime position in Argyll Street, Dunoon, only one street back from the waterfront and within easy reach of both foot and car ferry terminals. The property was formerly a trading B&B and Tearoom but has not traded as such since 2012 although all required facilities remain that would allow this business use to be revived to take advantage of the strong tourist demand in the area. With access from the street level and set over first and second floors, the accommodation comprises tearoom/dining room, owners lounge, private bedroom, kitchen, office , laundry and toilet facilities on the first floor and, on the second floor, eight bedrooms (two en-suite), tv lounge and shower/toilet. The expansive accommodation could be considered for alternative development subject to any required consents. The immediate area is earmarked for upgrade under the Dunoon C.A.R.S. (Conservation Area Regeneration Scheme) and this particular property has a liability under this project although, dependent on the specific circumstances of the new owners, grants are available to offset the cost. It is recommended that any interested parties make their own enquiries via the Dunoon CARS Project Manager at Argyll and Bute Council. The location and business/development potential allied with such a competitive guide price is sure to attract interest from both tourist business operators and property developers. Early viewing is recommend to fully appreciate the value on offer.

Tenure

Freehold

Popular tourist destination

Ideal location close to waterfront

Competitive guide price

New business or development opportunity

Substantial accommodation

Area

Dunoon is the main resort on the beautiful Cowal Peninsula and the maritime gateway to the Loch Lomond, Trossachs National Park. One of the Firth of Clydes foremost resorts is built around the historic Castle Mound and famous for its large Victorian pier. The town has an attractive promenade, and boasts a wide range of accommodation from friendly B&Bs and self-catering apartments to hotels of all sizes. The town offers a museum and leisure centre and the newly opened Queens Hall for entertainment as well as a fascinating selection of craft shops, galleries, cafes and restaurants. The town's swimming pool and leisure centre has recently been refurbished to a high standard and is a popular attraction.

Local Authority

Argyll and Bute

Additional Fees

Administration Charge - Purchasers will be required to pay an auction fee of 1% of the purchase price subject to a minimum of £3,000 inc VAT unless otherwise stated

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