Nevis Bank Cottages and Development Land
A unique investment opportunity to purchase a terrace of cottages in the heart of Fort William. The cottages, to which there are five of, are currently occupied by tenants on Short Assured Tenancy Agreements, however the sale could offer the chance to create a self-catering business in a very buoyant local market. In addition to the cottages, the surrounding land benefits for Planning Permission for the erection of six flats.
Nevis Bank Cottages and the development land is located in the ‘Outdoor Capital of the UK’, Fort William. Situated on the A82, a short walk from the town centre, as well as the local marina, and is also within easy reach of the West Highland Way. Lochaber provides an all season playground for a huge range of sports and outdoor activities. Cycling, mountain biking, fishing, sailing, walking, climbing, skiing and snowboarding are all available nearby. Fort William offers a superb selection of amenities including a wide range of shops, supermarkets and restaurants. There are excellent links by rail and bus to and from the North and South, which allows access to larger cities.
Full Planning Permission was granted on 13th October 2017 (Reference Number: 17/03749/FUL) for the erection of 6 flats and upgrading of access road. Copies of the planning is available on the Highland Council website or by request with the selling agents.
The terrace of cottages forms five individual units. Each unit is split over two levels with an open-plan lounge, kitchen and diner on the ground floor. The upper level offers two double bedrooms and a bathroom. All are double glazed with electric heating.
The cottages current gross rental income is around £31,000 per annum.
The area outline red on the above plan, indicates the area included in the sale of the subjects.