Highland Apartments, Breadalbane Street, Oban, Argyll, PA34 5PA

Location

Located on Breadalbane Street in central Oban, Highland Apartments offers unbeatable access to a wide array of local amenities. Residents will find an excellent selection of shops, restaurants, cafés, and bars nearby, along with essential services such as banks, medical centres, and a hospital. Oban’s leisure centre, golf club, and gyms are all conveniently close, providing plenty of recreational options. Excellent transport links include Oban railway station and the ferry terminal just a short walk away, with regular connections to Glasgow, Edinburgh, and the surrounding islands. Known as the “Gateway to the Isles,” Oban combines a vibrant community with scenic waterfront vistas and bustling marinas, making it a highly sought-after place to live.

Property

This impressive property consists of a former hotel, now extended and upgraded to form a well-maintained block of twelve modern apartments. The accommodation includes a mix of one and two-bedroom flats, each designed for comfortable and contemporary living. The original building retains charming period features, complemented by the sympathetic, three-storey extension for a seamless blend of old and new. Apartments feature practical layouts, stylish kitchens, and modern bathrooms, with several units offering attractive views over the landscaped gardens or town. The communal areas are kept to a high standard, and the property meets all current safety regulations. This versatile development appeals to a broad range of tenants, making it an excellent investment in a prime location.

Investment

Highland Apartments offers an outstanding investment opportunity, comprising twelve self-contained flats with a strong history of long-term tenants and consistently high occupancy. Monthly rents range from £375 to £600 per apartment, providing a total income of around £5,500, with many tenancies due for review. Oban’s ongoing shortage of rental accommodation—caused by demand for short-term lets and second homes—has led to the declaration of a housing emergency, ensuring continued high demand for long-term rentals. With established occupancy and the potential for future rental increases, this property offers security and growth potential, representing an appealing choice for investors.

External

Set within approximately 0.3 acres, the property enjoys a generous plot. The building is fronted by an enclosed garden, bordered by mature hedging and a wall for privacy, and features established trees and shrubs. Both the original building and the modern extension are accessed from this welcoming area. Pedestrian access from Breadalbane Street is straightforward and inviting. To the rear, one apartment benefits from its own private entrance, while a small car park and communal bin storage area add convenience for all residents.