14-bedroom property · PA23 7HU
For saleListed 257 days
Opportunity summary
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About
Exclusive Use, 14-Bedroom Guest House in a Popular Seaside Location Superb, Prominent Position with Picturesque Views Fantastic, Extensive Outdoor Amenities Attractive Owners Accommodation Profitable Business Model Development Potential Graham + Sibbald are delighted to bring to market this fantastic Exclusive Use, 14-Bedroom Guest House in the popular seaside town of Dunoon.
The premises occupies a superb position overlooking West Bay and itself is only one hour away from Glasgow City Centre providing easy accessibility to Scotland's central roads.
Dunoon is the main stop on the beautiful Cowal Peninsula and the maritime gateway to the Loch Lomond & Trossachs National Park.
Dunoon boasts a wide range of activities for both local and tourist visitors, with a charming selection of craft shops and galleries, attractive promenade and a variety of café and restaurants for its visitors.
The property has been refurbished by the current owners converting the public areas into a lovely spacious open plan arrangement for large groups to utilise as their central entertainment space.
There is also an large owner's flat, one-bedroom with kitchen and living room, which could be used for further self-catering accommodation as it has its own private access.
There is also additional 3 letting rooms which are currently not in use. There is the former bar which is currently unused.
Located to the rear is the former dining room, access to the kitchen can easily be reinstated. The vendors have previously used this room as a bunk house.
There is also additional space adjoining to the premises, this was previously refurbished into a café, it is now the vendor's workshop.
However, there is further trading potential here by reinstating the café and opening up for passers by, subject to planning.
The availability of Victoria House presents a superb opportunity for a buyer to acquire a fantastic, classic property suitable for a variety of business uses.
Anew owner has the potential to further develop the business through multiple avenues by capitalising on the unused letting rooms and workshop area.
There is of course the potential to transform the property back into a hotel by reinstating the bar area and rearranging the entertainment space into a lounge area.
Value & comps
Land Registry doesn’t cover Scotland or Northern Ireland, so previous sales may not be on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Exclusive Use / Self-Catering Accommodation, 54, Victoria Parade, Dunoon, PA23 7HU
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