Summary - 6, WEST PRINCES STREET PA20 9AF
1 bed 1 bath Block of Apartments
High-yield six-flat block on Isle of Bute — immediate income for investors..
Six one-bedroom flats with high ceilings and medium-to-large rooms
Newly renovated throughout, ready for immediate lettings
Current gross rent £3,150pcm; advertised yield 11.8% on guide price
Freehold block sold by online auction; buyer’s premium applies
Located in Rothesay town centre near ferry, shops and amenities
Area classed as very deprived — affects tenant profile and growth
Broadband speeds slow despite excellent mobile signal
Management needs of island location and possible additional fees
This Victorian block at 20 West Princes Street has been sub-divided into six one-bedroom flats and is presented as a high-yield investment on the Isle of Bute. The building is newly renovated with high ceilings and medium-to-large rooms, offering immediate lettable accommodation and multiple income streams. Current monthly rents total £3,150 (four flats at £500, one at £550, one at £600), giving an advertised yield of 11.8% based on the guide price.
Positioned in Rothesay town centre, the block benefits from strong rental demand, immediate access to local amenities and ferry links to the mainland. The town’s coastal attractions and year-round events support occupier interest, helping reduce void risk for investors able to manage an island portfolio.
Buyers should note material sale conditions: the property is offered freehold by online auction (29 October 2025) and a Buyer’s Premium and possible additional fees apply—check the legal pack before bidding. The area is classified as very deprived, broadband speeds are reported slow, and local tenants may rely on mobile signal or community services. These factors affect management, tenant profiles and potential rental growth.
Overall this six-flat block is aimed at investors seeking an income-producing, newly renovated asset with immediate cashflow and island-location appeal. It suits buyers comfortable with auction purchase processes and the practicalities of managing properties in a deprived, small-island market.
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