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Charming 6 Bedroom Bed and Breakfast plus Self Catering Chalet in Stornoway

Stornoway, Na h Eileanan an Iar
Freehold Price:
£380,000
Status
FOR SALE
Advert ID
249031
Reference
Twenty Seven / Rightbiz
  • Unique opportunity to purchase a B&B enjoying excellent trading figures with enviable occupancy levels.
  • Located close to the ferry terminal, with stunning views over the water and site of the new multi-million-pound marina, due to be completed November 2019.
  • Rated as Excellent on Trip Advisor, providing 6 attractive and spacious letting bedrooms, 3 en-suite, with most boasting views over the harbour.
  • Additional modern self-catering chalet currently utilised as owner’s accommodation and further one bedroom conversion in the garden providing further private en-suite facilities.
  • Parking to the rear and on street, only 10 minutes’ walk to the centre of town.

DESCRIPTION
Number 27 Bed and Breakfast enjoys an extremely high occupancy level, benefitting from repeat business from various tour companies and booking agencies.  Summer 2019 again saw excellent occupancy rates and forward bookings for 2020 indicate that this too will be another strong year. No 27 enjoys an excellent trading location close to the ferry terminal with views over the Minch, and is within ten minutes’ walk of the centre of Stornoway. Works for the development plans to the area directly in front of the property are nearly completed as a new Marina and a multimillion project is in the offing to improve Stornoway Harbour and allow deep water vessels such as larger cruise ships to access the area.  This will certainly increase the attractiveness of the area and Number 27 is ideally located to capitalise on this. 

The subjects were built around 1910 and are in good condition being presented as a high-quality guest house and family home. The business is well-appointed providing wide ranging facilities and is decorated to a high standard. The owner has invested heavily into the property since purchasing in 2012, installing 3 new en-suites and two bathrooms, a new kitchen, double glazing the building and converting a shed in the grounds to offer an ideal teenage pad with en-suite facilities. Further investment has seen the construction in 2019 of a  a highly attractive, wooden self-catering chalet which is set within the grounds; this is currently being utilised as owners’ accommodation however it could be used as a further income stream should new proprietors desire, subject to planning consent.

TRADE
The current operation generates income through the provision of 6 comfortable letting bedrooms, 3 of which are en-suite, one with private facilities and two sharing a bathroom. Contracts with three or four main tour companies see the business almost fully booked from early April to end of September, nearly a year in advance.  Repeat business as well as regular businessmen see No. 27 achieving maximum occupancy in the trading months from April to September. With the many winter travellers to Stornoway, which is an expanding area drawing in more visitors than ever before, there is potential to trade year round should new owners wish to maximise turnover and profit.  At present the business trades to the VAT threshold.

LOCATION 
Stornoway is the main port and town on the Isle of Lewis (Town population approx. 6000) and this B&B is ideally located close to the ferry terminal.   The town has a wide range of facilities include a technical college,  a golf course, a museum, arts centre, library and a brand new sports complex (The sports centre's facilities include a 25m pool).  There are a variety of shops and places to eat out. Most of the town's amenities are just a short walk away from No 27.  Stornoway is the main point of entry to the Outer Hebrides, offering two daily ferry sailings and a modern airport with a number of daily flights. Lewis is a popular tourist destination with a wide range of visitor attractions and museums including the ancient Carloway Broch and the 5000 year old stone circles of Callanish. 

The island has a great many sandy beaches which attract surfers and kayakers. The coastline is also a haven for climbers and walkers of all abilities. The island has a wealth of flora and fauna and the rocky and rugged geography is home to red deer, plus golden and sea eagles. Fishing is a popular pastime on the island with salmon frequenting several Lewis Rivers and many of the fresh-water lochs being home to trout. Observed maritime life includes whales and dolphins. 

REASON FOR SALE
The present owners purchased the property in 2012. They have improved the quality of the trading aspects and now wish to retire and relocate, offering an excellent opportunity for new proprietors to take advantage of this superb business.

PROPERTY
No 27 is a semi-detached villa, built approximately 100 years ago the property was rebuilt and extended in 1989. Purchased as a family home No 27 has been reconfigured into a popular B&B business.  Access is via a side entrance leaving all the windows at the front to take advantage of the views over the open water. The property is presented in excellent condition and is set over 2 floors. The business fronts directly onto the street but has a good sized rear garden with landscaped off road parking for 3-4 vehicles, and open aspect over Stornoway Harbour. There is also on street parking to the front. 

LETTING ACCOMMODATION
No 27 has 6 letting rooms, with five benefiting from views across the harbour. Each room boasts a flat-screen Freeview TV with DVD player, tea and coffee making facilities and a hairdryer. The letting bedrooms are configured as follows;

Ground Floor
Room 1 - Twin with private bathroom and walk-in shower

First Floor
Room 2 - Double with en-suite walk-in shower
Room 5 - Single with shared bathroom (shares with room 6)
Room 3 - Double with en-suite walk-in shower 
Room 4 - Twin with en-suite walk-in shower
Room 6 - Double with shared bathroom (shares with room 5)

SELF-CATERING CHALET
In 2019 the vendors installed a superb self-catering chalet within the grounds. They have chosen to utilise this as private accommodation. Of cedar wood construction, the chalet presents an attractive and modern addition to the sale, comprising kitchen with 2-ring hob and sink, seating area, spacious double bedroom and en-suite with electric shower. The chalet benefits from laminate-wood flooring and electric heating. 

OWNERS ACCOMMODATION / SERVICE AREAS
The owners currently utilise the self-catering chalet set in the grounds as private accommodation, this comprises, kitchen and lounge area, as well as a double bedroom with en-suite shower room. New owners may choose to utilise this chalet for different purposes and live within the house letting out fewer bedrooms. The kitchen within the main property is a fairly new addition and offers a good range of modern units and workspace as well as a seating area. In the grounds a further shed has been converted into a good sized double bedroom with en-suite facilities. This structure does not have planning permission and could be easily converted back to a shed if so desired.

SERVICES
The property is double glazed and benefits from gas central heating, mains electricity, water and drainage. There is Wi-Fi throughout.  

Listing Details
Freehold Price: £380,000
Tenure: Freehold
Location: Stornoway, Na h Eileanan an Iar
Sector: Bed And Breakfast, Hotels, Holiday Businesses
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
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Advert Reference: Twenty Seven / Rightbiz

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