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Profitable 16-Person Hostel with Farmhouse & Watermill in Tranquil Argyll and Bute for Sale

Undisclosed, Argyll and Bute
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Highly Successful 16 - person Hostel Photo 1
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Highly Successful 16 - person Hostel Highly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person HostelHighly Successful 16 - person Hostel
  • Status

    FOR SALE

  • Date Submitted:

    08/07/24

  • Advert ID

    614010

  • Reference

    ESA3100 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £550,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Key Features

  • Accounts Available
  • Unique Business
  • Established Business

Business Details

Highly Successful 16 person Hostel

Summary

  • Spectacular and tranquil setting
  • 2/3 Bedroom farmhouse in move-in order
  • Highly successful 16-person Hostel
  • Watermill with prospects for renewable energy or further development subject to obtaining the necessary consents
  • Excellent lifestyle opportunity

Location

The Isle of Tiree lies approximately 25 miles West of mainland Scotland, off the Ardnamurchan peninsula, itself the Westmost point of the British mainland. Tiree is accessed by way of the regular Calmac ferry crossings from Oban, via the Island of Coll. Alternatively, the island’s airport is well served by regular connections to and from Glasgow airport. Millhouse Hostel lies towards the North coast of the island, close to Cornaigmore, and lies just West of the B8068 road route which links this area to Scarinish, on the East coast, the point where the ferry docks. Scarinish is approximately five miles from the subjects by road, the local airport approximately two and a half miles due South, making the accommodation readily accessible. Tiree has attractive unspoilt sandy beaches, and is the most Westerly island of the Inner Hebrides. The island is approximately 10 miles by three miles, is relatively flat, and the climate locally benefits from the nearby Gulf Stream, with above average hours of sunshine, lower rainfall and infrequent frosts reported.

Description

Millhouse Hostel which was originally a cow byre was converted around 2001. The property is of solid stone construction supplemented by a timber framed insert, beneath a pitched and tiled roof.

Internally the subjects comprise at ground floor level, entrance hall, open plan lounge, dining and kitchen area, two bedrooms, two shower rooms and two toilets at the ground floor with a utility room. At first floor there are two bunk rooms/dormitories each sleeping six persons.

Additionally on the site is the former Cornaig Mill and water wheel with the wheel being refurbished in 2006. The building itself consists of the The original mill, dating to the early 1800’s and an attached kiln, added later. This provides a highly scenic backdrop to the property and dramatic landscaping. The vendor has researched renewable energy at this site, further information is available through the selling agents. The Watermill may also be suitable for development, subject to obtaining the necessary consents.

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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'Highly Successful 16 person Hostel - ESA3100 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.