Portree Garden Cottages Isle Of Skye | | Portree Scottish Highlands | | Attractive and traditional holiday cottage business in Portree, the capital of Skye Superb trading location on the edge of town within walking distance of amenities Strong turnover from established year-round trade with capacity to develop the operating model to increase profitability Letting accommodation of 8 twin bedroom cottages with kitchen, diner and lounge Administration building with launderette and supplementary accommodation | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 69263
ADVERT IMPRESSIONS : 4,077 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Holiday Flats & Apartments | | SALE: | Agent Sale | FREEHOLD: | £695000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | The Portree Garden Cottages is an attractive and traditional letting business. The subjects cover circa 1.5 acres and is situated on the edge of Portree, the capital of the Isle of Skye. The business comprises of eight 2-bedroom cottages, configured into two separate buildings of 4 units. These are presently being let out on medium term leases but could generate a greater income level if they were to operate as Holiday self-catering letting units. In addition, there is a detached administrative building previously used as owner’s accommodation. The letting property is of modern construction whilst the administrative building is of traditional stone construction. The property is set within well maintained grounds which are set to lawn with a large tarmac area for vehicle parking. There is a large hedged fence to the roadside aspect of the site providing a high degree of privacy for guests and a secure enclosure for families who can use the lawn area, which has picnic tables, as amenity space. The lodges are sited off Home Farm Road which is 7 minutes walk from the centre of Portree where there is ample amenity. The current owner operates the business on a long-term letting basis due to her age and other commitments. This business model requires the minimum of daily input into the business but the proprietor accepts that new owners would wish to drive the business forward by reintroducing holiday lets in the summer. Such a change in operating model would undoubtedly increase profitability. By its very nature, self catering accommodation is not as labour intensive as serviced accommodation where rooms are maintained on a daily basis with an ongoing catering requirement. Holiday cottages are serviced on the changeover day which minimises the workload, laundry and management time. The on-site administrative building is presently being used by a sign-writer under a flexible lease. It is their intention to relocate to new premises in the next few months.
The busy town of Portree is located on the East coast of the island and is known as the “Capital of Skye”. It has a great deal to offer both the local and tourist alike. It is an excellent base from which to tour the Island and is home to a good selection of museums, shops, galleries and restaurants, many of which are focused around the tourist trade. Skye is a world renowned tourist destination with stunning scenery such as the Old Man of Storr and the primordial Quirang rock structures in the Trotternish Region to the north of Portree, and spectacular sea cliffs and vast seabird colonies in Waternish and Glendale to the North West. The latter area enjoys beautiful sandy beaches and is home to the ancestral seat of the Clan MacLeod at the most memorable Dunvegan Castle and Museum. The Cuillin Hills require no introduction and have a magnetic attraction for walkers and climbers the world over. South of the Cuillin Mountains is the area known as “The Garden of Skye” where the beautiful Armadale Castle Gardens are found together with the Museum of The Isles, dedicated to Clan MacDonald. Whether visitors enjoy local culture, have an interest in history, genealogy, walking, ornithology or nature, the Island caters to all preferences amidst breathtaking scenery. When previously let as holiday cottages they proved popular and with its key roadside frontage attracted a mix of clientele including businessmen and a healthy mix of tourists, walkers, climbers and sportsmen whether enjoying angling, water-sports etc. Not only is Skye one of Scotland’s premier tourist destinations, the island is also a mecca for naturalists and ornithologists who find birds of prey, waders and a host of seabirds in the locale. Skye’s rugged Cuillin Mountains are known to walkers and climbers the world over and the many prolific hill lochs offer the angler an opportunity to catch the spectacular, native, wild brown trout.
The present owner purchased the Cottages twenty years ago and has until two years ago leased them out. She has enjoyed a rewarding and profitable lifestyle running and developing this successful business. Whilst the cottages benefit froman established income stream, there certainly remains scope for enthusiastic new owners to further develop trade beyond its present level.
THE PROPERTY
This substantial business has an administrative building of whitewashed stone under a pitched slate roof containing a laundry, office and currently a sign-writing business and two blocks of 4 letting units. The property today benefits from partial double glazing and good quality fixtures and fittings.
THE COTTAGES
Each of the Cottages’ main entrance faces onto the central lawned amenity space. Entry is via a solid outer door that opens into an entrance vestibule. From the entrance hall the family bathroom is accessed as is the main lounge which follows round to the dining area and kitchenette. The kitchen is well appointed with all the facilities a family would need whilst being on holiday and includes a fridge, dishwasher cooker and microwave to name the main items. The dining area is set with a 4-seater table and the lounge has good quality soft furnishings and a modern TV. Throughout the property is well maintained and has a good level of decor. The main stairwell leads upstairs to the two double bedrooms which are both presented in good order with separate storage. The level of fittings and furnishing in the bedrooms are of a good standard.
ADMINISTRATIVE BUILDING
The administrative building is situated adjacent to the main car park and has partial double glazing. The ground floor aspects to the property have two main doors. The left hand door leads to a small reception hallway which in turn leads to large office and restroom. Through a separate inner doorway is the main room which is presently used as a workshop; this area has a separate access to the car park.
Access to the first floor rooms is via external steps to the rear of the property. There are two separate aspects to the first floor; a launderette and a one-bedroom flat. Entry to the launderette is via the left hand door which leads to a small hall way with doors leading off into two separate rooms both are fitted out with washing machines and tumble dryers. This functional area is maintained in good order. The external right hand door leads to the one-bedroom flat. This compact space offers a lounge with kitchenette plus a bedroom and bathroom.
GROUNDS
The area to the side of the cottages and administrative building is laid to tarmac and provides off street parking for about 12 cars. Attractive bench table type seating to the side of the main building provides for guests to sit outside during fair weather. Grounds extend to about 1.5 acres and are laid mainly to grass, with mature woodland to the rear of the policies.
SERVICES
The property benefits from mains electricity, water supply and drainage with propane gas fired (LPG) central heating.
TRADING INFORMATION
Accounting information will be made available to seriously interested parties subsequent to formal viewing.
PRICE
Offers over £695,000 are invited for the heritable property complete with goodwill and trade contents (according to inventory), excluding personal items.
FINANCE & LEGAL SERVICES
ASG Commercial is in touch with several lenders who provide specialist finance to the hospitality trade. Paul Hart (Head of Commercial Sales) will be delighted to discuss your financing requirements with you and make an appropriate introduction.
We have a large team of legal experts in-house and can act in all legal matters arising to include conveyancing and business transfers.
DIRECTIONS
From the Skye Bridge take the main A87 to Portree and follow signs to the town centre. See Map for detailed directions.
VIEWING
All appointments to view must be made through the vendors selling agents:
ASG Commercial
York House, 20 Church Street
Inverness IV1 1ED
Tel: 0845 4500790 Fax: 01463 711083
E-mail: info@asgcommercial.co.uk
Website www.asgcommercial.co.uk
OFFERS
All offers should be submitted in writing to ASG Commercial with whom purchasers should register their interest if they wish to be advised of a Closing Date. | | | | | | FOR SALE | | | | | REFERENCE: | Portree Garden Cottages Isle of Skye / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
