The empty Royal Hotel building in the centre of Rothesay is to go up for auction in Glasgow later this month.
The hotel, on the corner of Albert Place and Bishop Street, forms part of Future Property Auctions’ sale at the Radisson Hotel in Glasgow on the evening of Wednesday, October 29.
Described as a “rarely available ‘landmark’ former hotel, bar and retail unit”, the property has a guide price of £80,000.
The catalogue description states that the building has “vast potential for investment growth” and that it could be converted to residential accommodation, with a possible 15 flats on the three upper floors above a ground floor bar and retain units.
The hotel has lain empty for many years, and its increasingly parlous state led Argyll and Bute Council to arrange emergency repairs in the spring of 2013 to make the building safe.
To read the catalogue description for the hotel in full - with a photograph showing the hotel looking rather better on the outside than is the case in the image above - click here.