OPENING BID

Timed Online Auction

27 January 2022, 10am-3pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address: 11-13 Lochnell Street, Lochgilphead, Loch Fyne, PA31 8JL

PRIME INVESTMENT OPPORTUNITY. Popular town centre public house and lounge with 3 bedroom flat offering stunning views over Loch Fyne located in the picturesque village of Lochgilphead. FREEHOLD sale offered with full vacant possession.

PRIME TRADING POSITION on newly developed water front offering potential for multiple uses in EXTREMELY POPULAR TOURIST LOCATION. Potential for AirBNB, guest house, restaurant or continued use as public with rental rooms or owner occupation.

Ground floor currently open and trading as public house and comprises public bar, lounge/ function area and snug with large outbuilding used as an office and beer cellar (with potential to convert to additional AirBNB property). Good sized garden area to the rear.

Upper floors contain a large 3 bedroom flat with stunning views over Loch Fyne. Currently comprises Lounge, Kitchen, Family bathroom and 3 double bedrooms with potential to reconfigure and use and holiday rental or AirBNB property (subject to consents).

EXCELLENT INVESTMENT PROPERTY with realistic combined rental potential of over 18,000 per annum with continued use as pub and long-term rental property. Change of use could increase the potential income to over 30,000 per annum.

PRIME INVESTMENT OPPORTUNITY. Popular town centre public house and lounge with 3 bedroom flat offering stunning views over Loch Fyne located in the picturesque village of Lochgilphead. Offered with full vacant possession. PRIME TRADING POSITION on newly developed water front offering potential for multiple uses in EXTREMELY POPULAR TOURIST LOCATION. Potential for AirBNB, guest house, restaurant or continued use as public with rental rooms or owner occupation. Ground floor currently open and trading as public house and comprises public bar, lounge/ function area and snug with large outbuilding used as an office and beer cellar (with potential to convert to additional AirBNB property). Good sized garden area to the rear. Upper floors contain a large 3 bedroom flat with stunning views over Loch Fyne. Currently comprises Lounge, Kitchen, Family bathroom and 3 double bedrooms with potential to reconfigure and use and holiday rental or AirBNB property (subject to consents). EXCELLENT INVESTMENT PROPERTY with realistic combined rental potential of over 18,000 per annum with continued use as pub and long-term rental property. Change of use could increase the potential income to over 30,000 per annum.

MASSIVE DEMAND FOR SHORT-TERM RENTAL PROPERTY AND HOSPITALITY within the extremely busy tourisr location on the banks of Loch Fyne. Lochgilphead forms the main administrative centre within Mid Argyll having a population of approximately 2,000 persons. The main arterial route passing through the town is the A83 Tarbet / Campbeltown Road, whilst the A816 can be accessed from the west of the town which leads to Oban, approximately 40 miles north. Situated by the Loch Fyne entrance of the Crinan Canal, Lochgilphead is around 40 miles from the spectacular Loch Lomond and the Trossachs National Park. The bustling fishing village of Tarbert is just 12 miles south, with historic buildings and a variety of restaurants. The nearby village of Ardrishaig has a number of amenities available. Perfect purchase opportunity for outdoor pursuits and hillwalking. The village is on the side of a hill bordering Loch Fyne immediately to the south of Lochgilphead.

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Pricing Information & Bidding

Opening Bid: £102,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 27 January 2022, 10am-3pm
Type: Timed Online Auction

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