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45-55 Victoria St - Victoria Hotel 14,687 SF Retail Condo Unit Offered at $232,973 in Rothesay PA20 0AP
Investment Highlights
- traditional three storey and attic stone building
- Many original architectural features including an attractive roof configuration with steeples, large bay window features and original window designs
- Heavy daytime foot traffic
Executive Summary
The attractive Isle of Bute is situated off the highly scenic west coast of Scotland. The island is easily reachable by ferry, the main crossing being from Wemyss Bay on the mainland to Rothesay. Wemyss Bay is accessible from Glasgow city centre with regular rail and bus services, together with excellent road communications. Rothesay is the principal town on the Isle of Bute. At the centre of the town is Rothesay Castle, a ruin which dates back to the 13th century. The town is regarded as a highly popular tourist destination, particularly from residents of the west coast of Scotland. In addition, due to the location of the island, off the west coast of Scotland, the town is highly popular with sailors benefiting from the attractive sailing routes along the Western Kyles. Specifically, the Victoria Hotel is situated within an enviable trading location in the centre of the town on Victoria Street. The hotel lies seconds walk from the main commercial retailing centre and the main ferry terminal. There is no doubt that the subjects benefit from a first class trading location, able to draw on many income drivers
Property Facts Sale Pending
| Total Building Size | 14,687 SF | Floors | 4 |
| Property Type | Hospitality (Condo) | Typical Floor Size | 3,672 SF |
| Property Subtype | Year Built | 1865 | |
| Building Class | C | Lot Size | 0.06 AC |
| Total Building Size | 14,687 SF |
| Property Type | Hospitality (Condo) |
| Property Subtype | |
| Building Class | C |
| Floors | 4 |
| Typical Floor Size | 3,672 SF |
| Year Built | 1865 |
| Lot Size | 0.06 AC |
Amenities
- Restaurant
- On-Site Retail
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 20 | $122.48 | - |
1 Unit Available
Unit 55
| Unit Size | 14,687 SF | Condo Use | Retail |
| Price | $232,973 | Sale Type | Investment or Owner User |
| Price Per SF | $15.86 | Tenure | Freehold |
| Unit Size | 14,687 SF |
| Price | $232,973 |
| Price Per SF | $15.86 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Tenure | Freehold |
Description
The premises are arranged over part ground and upper floors of a traditional three storey and attic stone building under a part mansard/part pitched roof clad in slate. In addition, the premises benefit from various extensions to the rear. There is a dedicated self-contained bar/restaurant arranged over the ground floor (Ghillie’s Bistro). The hotel reception, function suite, lounge, bar and 20 good sized en-suite letting bedrooms are arranged over the upper floors. The premises also benefit from a right of access/use over the rear grounds onto Montague Street. This is a first class traditional Victorian building benefiting from many original architectural features including an attractive roof configuration with steeples, large bay window features and original window designs
Sale Notes
A total of 20 letting bedrooms are arranged over the second and third floors. There are 10 letting bedrooms front facing, with attractive views over the Clyde estuary.10 further rooms face the rear. A breakdown of the bedroom stock is provided:
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45-55 Victoria St - Victoria Hotel
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