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Description
EXCELLENT INVESTMENT OPPORTUNITY*** LARGE commercial premises occupying PROMINENT position overlooking Rothesay Harbour on the Isle of Bute.
Vacant Commercial premises. Realistic Rental Potential of up to £15,000 Per Annum - HIGH YIELD potential.
EXCELLENT TRADING LOCATION across from Rothesay ferry terminal. HIGH VOLUMES OF PASSING TRADE.
Rothesay is the principal town on the Isle of Bute, set on the Firth of Clyde. The island is served by two frequent ferry services, the main one is Rothesay to Wemyss Bay (approx. 35 minutes).
EXCELLENT INVESTMENT OPPORTUNITY*** LARGE commercial premises occupying PROMINENT position overlooking Rothesay Harbour on the Isle of Bute. SUPER TRADING POSITION across from Rothesay ferry terminal. Ground floor commercial premises previously known as "The Palace Bar". Vacant Commercial premises. Realistic Rental Potential of up to £15,000 Per Annum - HIGH YIELD potential. EXCELLENT TRADING LOCATION across from Rothesay ferry terminal. HIGH VOLUMES OF PASSING TRADE. Rothesay is a popular Victorian resort and long-range commuting base for the mainland. The island has three golf courses, three lochs stocked with both brown and rainbow trout and is becoming an increasingly important fixture on the cultural scene with annual jazz, folk and country festivals, together with Highland Games and the Fair Fortnight. Rothesay affords a sheltered bay conveniently located within about 1 hour’s sailing from two of Scotland’s largest marinas at Inverkip and Largs. 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 Glasgow Central.
The location is attractive due to its seaside setting, with many properties enjoying open views across the water and easy access to the promenade and town centre. The street sits within walking distance of key landmarks like Rothesay Castle and the ferry terminal, making it highly convenient for both residents and visitors. Rothesay itself is a traditional Scottish seaside town with a mix of historic buildings, tourism activity, and ongoing regeneration, giving it a quiet but characterful atmosphere.
Full Address: 15 East Princes Street, The Palace Bar, Rothesay, PA20 9DL
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Pricing Information & Bidding
Opening Bid: £60,000
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Terms of Sale
- 10% Deposit (Minimum £3,000)
- Standard Completion (Unless specified differently in any Special Conditions of Sale)
- Buyers Fee = 3% of Sale Price (Minimum £4,000 + vat)
STANDARD TERMS OF SALE are 4 week completion with 1 week extension. Sellers can request an earlier or later completion date which will be detailed in any Special Conditions of Sale for this lot. Buyers must satisfy themselves prior to bidding as to the terms on offer.
* If no Special Conditions of Sale are present in the legal docs download bidders are advised to request a copy by email prior to bidding.