Commercial property with sea views

Freehold property in a stunning location with unrestricted views over the Firth of Clyde. This is a rare opportunity to develop and create a bespoke family home, subject to planning permission. The substantial detached property is set in a sought-after position and offers huge flexibility. It can be run as a hotel, bar, or restaurant, or used as a substantial family home, for holiday lets, or conversion to apartments. The property currently has 5 lettable rooms finished to the highest standards, with room rates varying from £100-£120 per night. The top floor is in shell condition and offers excellent development opportunities, with space to create up to a further 5 lettable rooms. The potential exists for a high-income lifestyle business with up to 10 letting rooms and 2 self-contained apartments, as well as a 3-bedroom owner's apartment comprising a lounge, kitchen, bathroom, and three bedrooms. There is also potential to develop the business further by increasing food and wet sales in the bar and restaurant areas. An alcohol licence is currently in place. Local sales evidence includes 19 Marine Place in April 2022 for £390,000 and 25 Marine Place in December 2021 for £307,333, highlighting the incredible opportunity to create a standout family home in this waterfront address. The property is located just outside Rothesay in Port Bannatyne on the popular tourist island of Bute, a 5-minute drive from the ferry terminal and close to all shops and amenities. The property comprises: GROUND FLOOR: Diner/restaurant with approximately 30 covers, a massive commercial kitchen area and storage, a bar and lounge with male and female toilets. Owner's accommodation includes a lounge, kitchen, bathroom, and 3 bedrooms. FIRST FLOOR: Apartment 1 comprises a living room, sunroom, kitchen, bathroom, and bedroom. Apartment 2 comprises a living room, 2 bedrooms, and a bathroom. There are 5 ensuite letting rooms. TOP FLOOR: Potential development space for a further 5 letting rooms. The village of Port Bannatyne is approximately a 3-mile drive from Rothesay, the principal town on the Isle of Bute. Rothesay offers a host of amenities including banks, shops, restaurants, and the main ferry terminal, providing daily links to Wemyss Bay. Port Bannatyne has a popular marina and a regular bus service to Rothesay. The island is served by two ferry services; the main one connects Rothesay to Wemyss Bay (approx. 35 minutes), with Glasgow Airport approximately 45 minutes away by road and Edinburgh approximately 2 hours away. The island is a popular holiday and letting area with recreational activities including 3 golf courses, horse riding, fishing, and walking. Festivals throughout the year include jazz, a cattle show, and the Highland Games. This is a freehold property.