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Loch Linnhe House Achintore Road, Fort William, Highland, PH33 6RW

£500,000

Key Information

Tenure:Not available
Council tax band:Not available

Key Features

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

Description

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:
ÂŁ2,501 /mo.25 Years, 4.5% Interest
Loan
ÂŁ450,000
Total Repay
ÂŁ750,374

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
ÂŁ13,500
0% up to ÂŁ150,000
1% from ÂŁ150,000 to ÂŁ250,000
5% from ÂŁ250,000 to ÂŁ500,000
Your effective LBTT is 2.7%

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