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Bar And Restaurant With Detached Four Bed Bungalow For Sale

Isle of Mull, Argyll and Bute
Asking Price:
£375,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Popular and busy Inn situated in the beautiful Village of Fionnphort on the popular Island of Mull with stunning seaward views to Iona Abbey.

Excellent trading location across from the Ferry Terminal for the crossing to Iona.

Well-appointed public rooms and trading areas including popular bar, games room and 38 seater restaurant.

Current owner’s accommodation includes a modern and attractive 4-bedroom bungalow set within the grounds.

Comfortable self-contained flat, two further chalets and a 2-bedroom caravan for use by staff/family accommodation.

Established mixed seasonal trading income providing a sound level of profitability and a sustainable lifestyle business opportunity.

Property information

Property:

Freehold

Living Accommodation:

OWNERS ACCOMMODATION
A detached family bungalow is located to the rear of the business and is presented to a high standard. This spacious family home was built by the present owners in 2001 and offers a flexible living space. This attractive 4 bedroom bungalow is beautifully presented and maintained. The property offers bight, spacious and flexible accommodation and benefits from double glazing plus oil fired central heating.

Access is via a wooden door with obscured glass panel into a vestibule. Thereafter into an ‘L’ shaped hallway. Off the hallway access is gained to a study/bedroom and into a spacious lounge including feature stone fireplace with tiled hearth and wooden surround. Further on are 3 bedrooms. The large kitchen/diner has double aspect windows and benefits from oak kitchen units offset with granite effect work surfaces. The kitchen is well-appointed with spaces for most modern appliances. Utility room is equally as well presented and has a door to garage. The family bathroom has a white suite of W.C, wash hand basin and bath plus a corner shower with glass sliding door cubicle. Externally the bungalow has a garage with manual roller door and attractive gardens.

STAFF ACCOMMODATION
Staff accommodation includes a static caravan to the rear of the main building which has 2 bedrooms, open plan lounge/kitchen and bathroom. In addition there are 2 small chalets comprising double bedroom and W.C. but one is currently being used as an office. Situated on the first floor within the main building is a self-contained flat.

Location:

The Island of Mull is one of the most accessible inner Hebridean Islands with car and passenger ferries arriving daily. The island is a popular holiday destination and is famed for its wildlife and outdoor pursuits. The village of Fionnphort, which means “Port of the White Sands”, is situated on the south west peninsula, the Ross of Mull. In the village there are several bed and breakfasts, guest houses, a post office, well stocked general store and DIY shop. Further amenities can be found in Bunessan, which is approximately five miles away.

Fionnphort is a traditional small village situated on the Island of Mull. This busy ferry port, just a three minute walk away from The Keel Row, provides sailings to Iona and Staffa and is a thriving community, bustling with tourists from around the globe who have come to visit the famous Isle of Iona, known as the “cradle of Christianity”. Iona is Scotland’s second most popular tourist attraction and one of the most visited destinations in the UK, therefore driving a strong level of trade to the Keel Row. Fionnphort offers an abundance of marine and wildlife and is home to The Columba Centre, a museum that exhibits ancient artefacts from the area and traces the history of St Columba.

The second largest of the Inner Hebrides, Mull is a highly accessible island, being reached by a 45 minute vehicular ferry from Oban. Services from Lochaline on Morvern and Kilchoan on the Ardnamurchan peninsula are also available. Local bus services covering the island are operated by West Coast Motors and there is a small airstrip at Glenforsa suitable for private aircraft. A main line train service operates from Glasgow to Oban, with most trains connecting with the ferry.

Premises Details:

DESCRIPTION
The Keel Row is a popular Inn generating income from wet sales and restaurant trade. The property has a prominent trading location in a strategic position opposite the car park that leads to the Iona ferry crossing. The Keel Row offers a rare opportunity to own and operate a thriving business with the benefit of excellent staff accommodation and a modern 4-bedroom detached bungalow situated within the subjects. The property is presented to a high standard and is fully compliant in meeting its obligations to clients. The business benefits from a recently modernised bar and offers a traditional restaurant to seat 38. There is an attractive external seating area which proves popular as it boasts some lovely views. This traditional Inn has a wonderful ambience and trades to a profitable level.

The Keel Row is configured such that it would suit a family or partnership ownership. The family living space is exceptional plus there is plenty of additional accommodation for either staff use or potentially letting accommodation.

BUSINESS OPERATION
Since purchasing the business in 1997 the present owners have spent a lot of time and effort establishing The Keel Row into a reputable bar/restaurant; it is the only licensed premises in Fionnphort. The Keel Row is a profitable well-established business trading year-round providing a valuable service to the local community whilst serving the large numbers of tourists who visit the island each year. The business generates its income from wet and food sales operating as a public house and restaurant but the vendors believe there is scope to considerably develop the business and increase sales. The business has a sound of turnover of £262,110 and good profit conversion ratios (£44,229) as at 30 September 2016. Throughout the year the lounge bar has regular live music nights which are supported well by the locals and also “open mic” nights once a week. The bar also supports the local darts team which is an added source of income during the quieter winter months.

THE KEEL ROW
The Keel Row is a stone built property dating from the late 1800’s, set over 2 floors under a slate roof. The property is set within spacious grounds with ample parking and amenity space.

PUBLIC AREAS
The lounge bar has an attractive traditional ambience with exposed beams and natural exposed stone work. The bar has wooden floors and feature stone fire place with wooden mantle. Within the bar is a well-stocked servery and the furniture is set to wood benches, stools, tables and chairs. The restaurant is a bright and spacious area and can comfortably seat 38 covers. The restaurant offers stunning views over the bay and towards Iona Abbey and is set to free-standing tables and chairs. To the rear of the bar is a games room with a pool table. There are ladies and gents bathrooms off the bar and restaurant.

SERVICE AREAS
The kitchen is well-appointed and is situated to the rear of restaurant. Within the property are ample storage cupboards, beer cellar, dry-goods store and utility area adjacent to the kitchen.

GROUNDS
The Keel Row pub has a licensed seating area to the front of the property that is laid to lawn and enclosed by a feature stone wall. To the side of the property is a gravel driveway leading to private parking. To the rear of the main building is a self-contained two bedroom static caravan, a large dry store / utility area and two chalets. The bungalow has a wooden entrance gate with a pathway leading around the property. The gardens are enclosed by a stone wall and are laid to lawn with a patio area.

SERVICES
The property benefits from mains electricity, water and drainage. Solid fuel heating and LPG gas for cooking. A well-maintained fire alarm system is fitted throughout.

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