Guide price
£33,000
1 bed flat for sale5, Bishop Terrace Brae, Rothesay, Isle Of Bue PA209Hf PA20
1 bed
- Auction
Future Property Auctions
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About this property
Portfolio of 2 properties on the Isle of Bute. 1 Bedroom basement flat and additional space (former flat) offering potential to create a second flat . 100 yards from ferry terminal.
Perfect investment with potential to create 2 separate properties (both currently on the same title but with individual entrances). Massive capital growth potential with development of second property
Previously let for £350pcm (£4,200 per annum) offering super potential yield as buy-to-let property with potential for same rent in each property giving total income of over £8,000 per annum.
Super location for AirBnB. Located within 100 yards of the ferry terminal making it a prime spot for holiday rentals. Realistic combined holiday rental income of over £150per night in peak season.
3 Bishop Terrace Brae, Rothesay, Isle Of Bute, £60,500- May '21 Following conversion and completion (subject to consents) the properties offer a combined potential completed value of £80,000- £90,000.
** sale by auction - 29 May 2025 - Timed Online Auction **
super investment property*** One bedroom flat located in the beautiful seaside town of Rothesay on the Isle of Bute. Entrance Hallway, Living Room, Kitchen, Bathroom, Bedroom and Boxroom. Super location in the Victorian Seaside resort within minutes of the Ferry Terminal, town centre attractions, beach, marina and the Island's largest Supermarket. Perefect rental spot. Local Sales Evidence; 3 0/1, Bishop Terrace Brae, Rothesay, Isle Of Bute, But PA20 9DW previously sold for £49,000 in May 2023*** The resort town of Rothesay is served by a regular ferry service from Wemyss Bay from where there are regular train services to Greenock and Glasgow making it easily accessible for holidaymakers.
Rothesay is one of Scotland's premier seaside resorts, developed primarily during the second half of the 19th and early 20th centuries, and incorporates an earlier medieval settlement. The town retains a wide range of buildings characteristic of its development as a high status 19th century holiday resort, including a range of fine villas, a Victorian pier and promenade. Popular spot within the town centre near to local amenities including clydesdale bank, bute museum, Co-op supermarket, Rothesay Golf Course and Royal Mail Post Office. The Isle of Bute lies on the West side of the Firth of Clyde. It’s capital, Rothesay, is served by a regular ferry service from Wemyss Bay from where there are train services to Greenock and Glasgow Central station.
Auction Details
29 May 2025,10am-3pm
Timed Online Auction
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