Summary - 6, WEST PRINCES STREET PA20 9AF
1 bed 1 bath Block of Apartments
High-yield island block with immediate rental income and refurbishment upside.
Six self-contained flats in one freehold building
Current gross rent £3,150 per month (£37,800 pa)
High headline yield of 11.8% based on guide price
Newly renovated interiors; Victorian stone facade retained
Central location — close to town, ferry and amenities
Sold by online auction; buyer’s premium and fees apply
Slow fixed broadband speeds despite excellent mobile signal
Local area classed very deprived — possible tenant turnover
A rare freehold block offering six self-contained flats on West Princes Street, presented as a newly renovated investment in Rothesay. Based on the guide price the portfolio currently produces £3,150 pcm, giving a headline yield of 11.8% per annum — attractive for investors seeking immediate income from an island location.
The building retains a Victorian stone facade with high ceilings and recent internal refurbishments, so there's minimal immediate capital expenditure expected. Its central position places tenants within easy walking distance of shops, cafes, the ferry terminal and local amenities, supporting steady rental demand on the Isle of Bute.
Buyers should note this lot will be sold at online auction and is subject to a buyer’s premium and any additional fees; please review the legal pack carefully. Broadband speeds are reported as slow despite excellent mobile signal; factor this into lettings strategy if marketing to home workers.
The local area is classified as very deprived with hard-pressed flat-dweller demographics, which supports rental demand but also means potential for turnover and management needs. Overall this block suits investors seeking a high-yield, income-producing asset with island-lifestyle appeal and straightforward refurbishment upside if required.
12 bedroom flat for sale in West Princes Street, Isle Of Bute, Buteshire, PA20 — £290,000 • 12 bed • 1 bath
12 bedroom block of apartments for sale in West Princes Street, Isle Of Bute, PA20 — £280,000 • 12 bed • 6 bath • 527 ft²
1 bedroom flat for sale in 20 Castle Street, Flat 1/1, Rothesay, Isle of Bute, PA20 — £20,000 • 1 bed • 1 bath
Commercial property for sale in King Street, Rothesay, Isle Of Bute, PA20 — £235,000 • 1 bed • 1 bath
2 bedroom flat for sale in Mount Pleasant Road, Isle Of Bute, PA20 — £85,000 • 2 bed • 1 bath
2 bedroom apartment for sale in East Princes Street, Rothesay, PA20 — £35,000 • 2 bed • 1 bath
