Tenanted Commercial Investment Property

TENANTED INVESTMENT Hotel, Bar & Restaurant comprising 18 BEDROOM HOTEL and Bar Restaurant. Directly opposite Rothesay Ferry Terminal, within the town centre. FRI LEASE at £15K pa until Jul 2031. Let to Failte Leisure Limited at a passing rent of £15,000p.a. expiring 7th July 2031. The tenant operates several hospitality and leisure venues throughout Argyll & Bute. No vat payable on purchase price. Property not vat elected. Substantial property suitable for a variety of uses, all subject to consents. Ancillary accommodation includes a breakfast room, fully fitted kitchen, stores and customers toilets. Bar/restaurant arranged over the first floor. 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), thereafter by road, Glasgow Airport is approx. 45 minutes, Glasgow approx. 1 hour and Edinburgh approx. 2 hours. The other ferry is located at the north end of the island operating from Rhubodach to Colintraive (approx. 2 minutes). The island is within easy commuting distance to Glasgow with train services available at Wemyss Bay. Businesses, bars, art galleries, shops, cafés and restaurants. The accessible Isle of Bute in the Firth of Clyde has two car ferry services: Rothesay to Wemyss Bay (with train to Glasgow) and Rhubodach to Colintraive. Joint Campus for pre-school to college (part of University of Highlands and Islands), local hospital, cinema, marina and pontoons, three golf courses, leisure pool, West Island Way for walkers, horse riding and fishing.