Stewart Balfour & Sutherland
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Offers Over £450,000

39 Frederick Crescent, Port Ellen, Isle of Islay, PA42 7DJ

Features

13
4
8
  • MAIN BLOCK:
  • Upper Floor - self contained 6 bedroom guesthouse
  • Ground Floor - 3 self contained flats
  • BUNGALOW:
  • Separate detached single storey building (self contained) with 2 bedrooms
  • Laundry and showers (self contained) - facilities offered to residents/tenants and visiting yachtsmen.
  • Large grassed garden area with direct outlook over Kilnaughton Bay.
  • Large concreted car parking area at rear.

Summary

A unique opportunity to acquire and manage a holiday orientated property and business on the Southern Hebridean Island of Islay

Full Description

39 FREDERICK CRESCENT
PORT ELLEN
ISLE OF ISLAY


No more than a stone’s throw from the Port Ellen ferry terminal, the marketing of this property presents as an interesting and unique opportunity to acquire and manage a holiday orientated property and business on the Southern Hebridean Island of Islay.  The present owner has required to wind down her existing operation for health reasons and prospective purchasers would look to be able to enhance commercial return by upgrading both the property and the business.

Briefly, 39 Frederick Crescent comprises a six bedroomed upper floor Guest House, three ground floor flats, and a separate two bedroomed bungalow.  Separate laundry and shower facilities are attached to the bungalow.  The property includes also a substantial grassed front garden area which goes down to the sea and a large rear parking area (former coal depot).

PREMISES

Main Block

Upper Floor:  Cala Sith Guest House (operated as Bed & Breakfast business), comprising three twin bedrooms (two en-suite, one with shared facilities), one double bedroom (en-suite), one family room (shared facilities), one staff bedroom, kitchen and breakfast room.  

Ground Floor:  Three flatted dwellinghouses, all currently or formerly let on Short Assured Tenancies; flats 1 and 2, at front, are both two bedroomed and flat 3, entering at rear, is a one bedroomed unit.  

Bungalow  

Separate detached single storey building, comprising (A) two bedroomed house, and (B) laundry and showers, enabling facilities to be offered to residents/tenants and visiting yachtsmen.

Grounds

A large garden/amenity area, principally in grass, is provided on the shore side, with direct south-westerly outlook over Kilnaughton Bay. It is not considered that the front garden area has development potential.  Additionally, a large concreted car parking area is provided at the rear.  It is believed that this may offer future development potential, perhaps as a house site, though this has not been researched and the carpark is any event currently used for the Guest House and let properties.  

Vehicular access is taken from both Frederick Crescent and School Street, with the solum of the accesses owned by the property.

Extent

The area of land pertaining to 39 Frederick Crescent and included in the sale is shown outlined red and coloured orange on the appended copy title plan.  The proprietor of 42 Frederick Crescent has an access right over the first section of the entry from Frederick Crescent.  

Potential

The entire property is for sale only as a single lot.  Completion will be on the basis of full vacant possession. The Guest House currently provides basic comfortable accommodation at a budget level, although there are clear opportunities to improve and enhance the facility.  The three flats and bungalow have, over the years, provided the vendor with a regular year-round income from Short-Term Lets, but it is suggested that, with appropriate investment, four upgraded holiday rental properties could be created.  Further detail in relation to the Guest House is available at www.cala-sith.co.uk

Business Income

Audited Accounts are not available.  The vendor advises that, typically, in recent years, turnover of approx. £35,000.00 per annum for the Bed & Breakfast business and approx. £15,000.00 per annum from Private Lets has been realised.  

General

Prospective purchasers are required to satisfy themselves in relation to condition and potential of the property and business opportunities.  Home Reports are not available as the individual parts are commercial and are marketed as a portfolio in a single lot.  Energy Performance Certificates will be provided for the individual residential parts.

All enquiries and viewing requests must be made directly to the selling agents, Stewart Balfour & Sutherland at The Property Shop in Campbeltown.  Telephone 01586 553737:  Email:  sales@sbsproperty.co.uk



Viewing
Please contact us on 01586 553737 if you wish to arrange a viewing appointment for this property, or require further information.

Disclaimer
Stewart Balfour & Sutherland endeavour to maintain accurate depictions of properties in Virtual Tours, Floor Plans and descriptions, however, these are intended only as a guide and purchasers must satisfy themselves by personal inspection.

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