FOR SALE BY ONLINE AUCTION THURSDAY 5TH OCTOBER AT 9.00AM. Fantastic opportunity to purchase this vacant one bedroom flat in Rothesay on the Isle of Bute. Ideal rental property, holiday apartment or potential holiday let (STP). Ideally located a short distance from the coast/ferry terminal. Requires internal modernisation.
Online Property Auctions Scotland are delighted to present this fantastic opportunity to purchase this vacant, low-cost one bedroom flat in Rothesay on the Isle of Bute. Ideal rental property, holiday apartment or potential holiday let (STP). The property comprises lounge / kitchen, hall, bedroom, and shower room, and requires a degree of internal modernisation.
- Vacant one bedroom flat
- Low-cost opportunity
- Opportunity to add value
- Fantastic potential for use as holiday let (STP)
- Potential nightly rates in the region of £80 per night
- Requires internal refurbishment
Nearby sales history:
27 Bishop Street. January 2023 £25,000
24 Bishop Street. December 2022 £61,000
4 Bishop Street. August 2022 £36,000
24 Bishop Street. January 2022 £55,000
Situated on the Isle of Bute, in the Firth of Clyde off the West Coast of Scotland. Bute is an area of outstanding natural beauty and is the most accessible of all the Scottish Islands. There are two regular ferry services to the island from Wemyss Bay, near to Glasgow and from Colintraive on the Argyll peninsula. Bute can be an activity based experience if you desire. Diving, walking, swimming, cycling, fishing, shooting, sailing and golf are amongst the activities on offer. It has also seen an explosion of quirky eateries, including an American diner with live entertainment, an authentic Italian, a French Moroccan bistro as well as traditional Inns offering Scottish fare.
The island has also seen a wealth of new niche businesses in recent years. Bute hosts many festivals through out the year such as the highland games, jazz festival, Bute Noir book festival, LGBT pride march, classic car rallies and Bute Song to name a few. Bute has seen a surge in recent years of folks looking for a lifestyle change by relocating to the Island and travelling to the mainland for work. Excellent broadband access also means working from home on the Island is possible.
Ideally positioned for easy access to the seafront and a short walk to the ferry terminal. Situated on the town's busiest street, the flat is close by to many amenities such as shops, restaurants and more. The property has the potential to be used as a holiday let as the 'staycation' option has become increasingly popular.
To view legal documents for all properties, and to register for our online auctions please visit our website.
Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup/Special Conditions in the Legal pack to confirm.
Low cost investment
Potential to add value
BTL / Holiday flat (STP)
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.