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Commercial property with redevelopment potential

Rothesay, PA20 - Get Access

Description

Vacant office pavilion with excellent redevelopment potential. Bute House is located approximately half a mile southwest of Rothesay town centre. Net Area 13,000 Sq.Ft (1.06 acres). Freehold Sale. The property comprises a two-storey, steel frame construction office pavilion extending to 13,357 Sq.Ft over 2 floors. The building is vacant and was previously occupied by Webhelp and EasyJet. Internally, the property is in sound condition with open-plan office space on the ground and first floor, accessed via a lift. There are male, female, and accessible toilets on each floor. The property sits on a site extending to 1.06 acres and benefits from 49 parking spaces distributed between three separate lots at the front and rear of the property. Bute Business Park is located approximately 0.5 miles south of Rothesay Town Centre and Rothesay Ferry Terminal. The park comprises the subject property and two terraces of small industrial units, with the surrounding area generally comprising a mix of residential and industrial uses, accessed via Barone Road. Rothesay, the main town on the Isle of Bute, sits 33 miles west of Glasgow. Accessible primarily by a 35-minute ferry from Wemyss Bay, the town is served by local buses once on the island. From Wemyss Bay, it's approximately an hour's drive to Glasgow City Centre, and only half an hour to Glasgow International Airport, enhancing Bute's connectivity to major urban areas and transport hubs. The parking area includes dedicated disabled spaces and two EV charging points. The property was until recently used as a contact centre. Given the site's location within Rothesay, it is well-suited for a number of alternative uses (subject to planning permission).
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 13,357 sq ft (Listing)

The valuation is based on the comparable evidence of sales within the same business park and surrounding areas, adjusted for the specific characteristics of Bute House. Given the property's size and commercial nature, a residual development valuation approach was also considered but not primarily relied upon due to lack of detailed planning or cost information. The primary approach is income/asset-based, reflecting its current vacant state and redevelopment potential.

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