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Achintore Road, Fort William, Highland, PH33 6RW

£750,000Freehold

Key Information

Tenure:Freehold
Council tax band:Not available

Key Features

Former Loch Linnie House Hotel
Planning for 14 x 2 Bedroom Luxury Apartments
Ideal Airbnb / Self Catering Opportunity
0.5 acre site
Planning Reference: 20/02605/FUL.
Stunning Loch Side Location

Description

The development of 14 two-bedroom apartments in Fort William offers an attractive investment in the Scottish Highlands tourist hotspot. Fort William draws many visitors yearly due to its proximity to attractions like Ben Nevis. The diverse economy, driven by tourism, retail and accommodation, caters to domestic and international tourists seeking adventure. With planning permission secured, developers can meet the demand for quality lodging by offering short-term rentals for tourists or long-term residences. This promising investment contributes to the local economy while enhancing accommodation in this thriving hub.

The proposed development of 14 two-bedroom apartments in Fort William presents an attractive investment opportunity in the heart of the Scottish Highlands. Fort William is a renowned tourist destination that draws a significant number of visitors annually.


The area boasts a diverse economy driven by tourism, retail, and accommodation sectors, catering to both domestic and international visitors seeking adventure and natural beauty.


With approved planning permission already in place, developers can capitalize on the high demand for quality accommodation in this scenic locale. The apartments can be offered as:


1. Short-term rentals for tourists seeking outdoor activities and natural attractions.


2. Long-term residences for those looking to settle in Fort William's vibrant community.


This development not only promises substantial returns but also contributes to the local economy by enhancing the accommodation options available in this thriving tourist hub. [11] With Fort William's popularity and the area's rich offerings, this investment opportunity presents a compelling prospect for developers and investors alike.


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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ3,946 /mo.25 Years, 5% Interest
Loan
ÂŁ675,000
Total Repay
ÂŁ1,183,795

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
ÂŁ26,000
0% up to ÂŁ150,000
1% between ÂŁ150,000 and ÂŁ250,000
5% above ÂŁ250,000
Your effective LBTT is 3.47%

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