FOR SALE BY ONLINE AUCTION WEDNESDAY 23RD OF APRIL 2025 AT 9AM - ***CHARMING TWO BEDROOM TENANTED FLAT IN THE HEART OF ROTHESAY***OFFERING COMFORTABLE LIVING IN A PRIME LOCATION***PERFECT FOR FIRST TIME BUYERS, INVESTORS, OR THOSE SEEKING A TRANQUIL RETREAT***HIGH YIELD OF 10.2% PER ANNUM BASED ON GUIDE PRICE***
***Welcome to 6 Store Lane, Rothesay, PA20 9AA—a delightful two-bedroom flat offering comfortable living in a prime location. Situated in the picturesque town of Rothesay on the Isle of Bute, this property is perfect for first-time buyers, investors, or those seeking a tranquil retreat.***
***PROPERTY FEATURES***
*Two Spacious Bedrooms* - Ample room for relaxation and rest, with plenty of natural light.
* Bright Living Area* - A welcoming space ideal for entertaining or unwinding after a long day.
* Functional Kitchen* - Equipped with essential appliances and sufficient storage for all your culinary needs.
* Family Bathroom* - Featuring modern fixtures and fittings for your convenience.
***RENTAL INCOME*** - Current rental income of £500 per month (£6,000 per annum which represent a yield of 10.2% per annum based on guide price)
***LOCATION HIGHLIGHTS***
- Central Rothesay: Enjoy easy access to local shops, cafes, and restaurants, all within walking distance.
- Transport Links: Close proximity to ferry services connecting to the mainland, making commuting straightforward.
- Scenic Surroundings: Experience the natural beauty of the Isle of Bute, with beaches, parks, and walking trails nearby.
***RECENT NEARBY RESIDENTIAL PROPERTY SALES***
- 2 Glen Royal, Glenburn Road, Rothesay, Isle Of Bute, PA20 9JP - SOLD Dec'24 - £157,000
- 7 Grand Marine Court, Argyle Street, Rothesay, Isle Of Bute, PA20 0AX - SOLD Dec'24 - £155,000
- 3 Columshill Place, Rothesay, Isle Of Bute, PA20 0DL - SOLD Dec'24 - £102,000
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.
GUIDE PRICE - £59,000
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CHARMING TWO BEDROOM FLAT IN THE HEART OF ROTHESAY
OFFERING COMFORTABLE LIVING IN A PRIME LOCATION
PERFECT FOR FIRST TIME BUYERS, INVESTORS, OR THOSE SEEKING A TRANQUIL RETREAT
* 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.
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