57-61 Montague Street, Rothesay, Isle Of Bute | Property for sale | Savills
Guide price £129,000($163,824)

57-61 Montague StreetRothesay, Isle Of Bute

  • New
  • Sole agency
Investment
Yield 12%Yield

Key features

  • High Yielding Retail Investment
  • Let to Ladbrokes
  • 10 Year Lease With No Breaks
  • 1,422 sq ft (132.1 sq m)
  • Lease Expires November 2029
  • Producing £16,000 per annum
  • Only major betting shop on the island
  • Guide Price Reflects 12.4% Gross Yield
  • VAT Free Investment

Retail Investment, let to Ladbrokes at £16,000 per annum on a Lease Expiring Nov 2029. The property comprises the only major betting shop on the Isle of Bute

About this property

  • The property comprises a ground floor commercial unit fully let to Ladbrokes on a lease expiring November 2029 at a current passing rent of £16,000 per annum with no breaks. The property is located in Rothesay's town centre on Montague Street close to its junction with Tower Street. More generally, the property is the only major betting shop on the Isle of Bute, and the nearest competing betting shop is in Largs, which requires an approx. 1 hour ferry to access. The historic island of Bute is situated at the heart of the Firth of Clyde off of Scotland's west coast and is popular tourist destination renowned for it's landscapes and beautiful views.