32 James Street, Stornoway, HS1 2QN

Description

• PRIME NEW LISTING. We are excited to present this stunning detached Victorian building, boasting 10 bedrooms and with planning permission to convert to residential, located within a prime location in Stornoway.

• **10, Newton Street, Stornoway, Ross And Cromarty HS1 2RE sold for £320,000, 1, Lewis Street, Stornoway, Ross And Cromarty HS1 2QH sold for £350,000**

• This property could achieve a market rent of between £3,650 per calendar month, equating to £43,800 per annum. This impressive rental income offers a remarkable gross yield of 23.6% based on the guide price, presenting an exceptional investment opportunity.

• Offered at a substantial discount, this property provides an excellent opportunity for conversion into multiple serviced accommodation units, subject to necessary planning consents. This is a rare chance for investors to maximise potential returns.

• Sure to attract builders, developers, and investors seeking a project, this property is available at a significant discount to ensure an auction sale. It presents an ideal opportunity for those looking to undertake a rewarding development project.

PRIME NEW LISTING. We are excited to present this stunning detached Victorian building, boasting 10 bedrooms and with planning permission to convert to residential, located within a prime location in Stornoway.

The property comprises a charming ground floor with a welcoming porch and entrance hall, a well-equipped kitchen, a delightful dining area, a cosy lounge, and Bedroom 1 with an en-suite. There is also a convenient WC and a rear porch. The first floor offers spacious accommodation with Bedroom 2, Bedroom 3, an additional lounge, a large landing, a shower room, Bedroom 4, and Bedroom 5. The second floor provides even more comfort with Bedroom 6 and its en-suite, Bedroom 7 with an en-suite shower room, an open landing, and Bedroom 8 with its en-suite facility. The annexe includes an entrance area, Bedroom 9 with an en-suite, and Bedroom 10 with an en-suite.

“The Tower Guesthouse”, 32 James St, Stornoway is a B-listed Victorian villa with a separate cottage, originally built in 1885 and retaining many attractive period features, including ornate cornices, ceiling roses, and stained and etched glass.

An Asbestos Refurbishment/Demolition Report has been carried out, confirming that no asbestos is present. The electrical system has been stripped out, and a temporary RCD-protected “garage” supply has been installed, along with a new smart meter. A mains gas supply is in place (currently capped externally).

Listed building consent and full planning permission for conversion to residential use were granted in December 2025. The large trees in the garden have been removed, and the grounds have been excavated and hard-filled to create parking and a practical working area.

The original lath and plaster have been removed throughout. Although no evidence of infestation was found, the roof timbers have been professionally treated for woodworm as a precaution. The staircase and window surrounds have largely been prepared and primed, ready for final finishing.

This property could achieve a market rent of between £3,650 per calendar month, equating to £43,800 per annum. This impressive rental income offers a remarkable gross yield of 23.6% based on the guide price, presenting an exceptional investment opportunity.

Offered at a substantial discount, this property provides an excellent opportunity for conversion into multiple serviced accommodation units, subject to necessary planning consents. This is a rare chance for investors to maximise potential returns.

Sure to attract builders, developers, and investors seeking a project, this property is available at a significant discount to ensure an auction sale. It presents an ideal opportunity for those looking to undertake a rewarding development project.

The property is being offered at a fantastic discount to ensure a sale. Should appeal to anyone looking for a straightforward purchase with excellent upside potential.

The purchase of the property is strictly subject to the contents of the Legal Pack. Any bid submitted shall be deemed binding and made in full acceptance of, and compliance with, all terms, conditions, and information contained within the Legal Pack, which is available for inspection upon request.

Excellent sales evidence in the area:

**10, Newton Street, Stornoway, Ross And Cromarty HS1 2RE sold for £320,000, 1, Lewis Street, Stornoway, Ross And Cromarty HS1 2QH sold for £350,000**

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

Location

Stornoway, situated on the picturesque Isle of Lewis, is a vibrant town known for its rich history and cultural heritage. Offering a unique blend of traditional charm and modern amenities, it serves as the gateway to exploring the stunning landscapes of the Outer Hebrides. With its bustling harbour and array of shops, restaurants, and cultural attractions, Stornoway is a sought-after location for both residents and visitors alike.

Map

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Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.