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Impressive Hotel In Golspie For Sale

Golspie, Highland
Freehold Price:
£475,000
Lease Asking Price:
£50,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

Substantial, charming Highland hotel within the splendid coastal village of Golspie on the North Coast 500 route.

Prominent and attractive frontage offering a strong business trading location, comprising 14 quality en-suite letting rooms and varied catering offering.

Strong year-round trade generating a turnover of £428,000 and an adjusted net profit of £84,000.

Extensive customer areas and excellent service facilities with options for business expansion.

Includes 3 separate accommodation units for owner’s / staff plus spacious off-road parking and courtyard with ample storage.

Property information

Property:

Available as freehold and leasehold

Lease Terms:

Rent: £30,000 p.a. rent
Rent Payments: Quarterly in advance
Rent Reviews: Every 5 years in line with RPI
Lease Duration: 12 Years plus Option to purchase (100% capital repayment if within 2 years)
Lease Type: Full Repairing and Insuring
Key Entry Details: Condition survey to be carried out (by mutual Agreement and shared costs) Stock at cost
Entry Date: As agreed; Full lease to be presented within 30 days of draft offer

Leasehold Rent:

£30,000 per annum

Living Accommodation:

A beneficial feature of the Inn is the extensive range of accommodation not currently utilised for letting which could provide substantial owners’ or staff accommodation. The present owners occupy private quarters of a double bedroom with bathroom. There is also a coach-house, comprising a dining/kitchen, bathroom and bedroom. On the ground floor there is a further staff flat.

Location:

Golspie is a popular Sutherland village located on the busy A9 trunk road which links Inverness with Thurso and the Orkney Ferry. The region is steeped in history and heritage and enjoys welcoming many visitors to the area; many of whom are retracing their ancestry as a consequence of the Highland clearances. The village has award-winning beaches and is located on the shores of the Moray Firth beneath the shadow of Ben Bhraggie Mountain topped with the 100-foot-tall statue of the first Duke of Sutherland which dominates the sky-line. The hotel is situated at the start of the popular ‘Big Burn’ walk. Golspie has a population of around 1700 but has a much greater catchment area for schooling and services etc. The village also has an excellent 18-hole links golf course and is in easy reach of the famous courses at Brora and Royal Dornoch. These attributes combine with the natural scenic beauty of the Sutherland county to make it highly popular with a wide range of visitors. The village has a wide range of shops, cafes, restaurants and amenities, with schooling and medical facilities. Golspie is a popular residential village with a vibrant community. The area is also popular with those visiting nearby Dunrobin Castle, plus golfers, fishermen, walkers, mountain bikers, ornithologists and many, many more.

Premises Details:

DESCRIPTION
The Golspie Inn is an impressive property with a commanding roadside location set to the north end of the coastal village of Golspie. Set on the North Coast 500 route, the Inn boasts an iconic and prominent situation and has a stunning monkey puzzle tree to its fore. Whilst its origins are deeply rooted over two centuries of trade, today the business is being offered as a leasehold proposition. Currently trading to a good standard, The Golspie Inn offers a range of facilities which appeal to a broad and varied customer base. The building has gone through a period of renovation and today is presented in generally good condition offering quality fixtures and fittings.

BUSINESS OPERATION
The Golspie Inn has the potential to be a robust business with its spacious trading areas including a lounge bar, conservatory, large dining room and 14 letting bedrooms. The mix of clientele provides for a year-round trading opportunity with the core income being generated in the main tourist season when the Highlands sees a huge influx of visitors. Trading profitably, the Golspie Inn is perfectly situated to take advantage of the tourist trade including those touring the North Coast 500 route. Many other visitors are attracted to the region to visit castles, distilleries and enjoy the beautiful shore line. The Inn also has a good number of clients who come to enjoy the myriad of golf courses in the area, the most popular being Royal Dornoch.

The Inn utilises its own website to generate much of the business however there is scope to increase trade through the utilisation of other portal sites. The business uses the ‘Free to Book’ platform for room reservations which is an easy to operate system and affords guests the chance to book at the best prices. The business has a fine reputation for food but with new motivated owners who have a penchant for catering this aspect of the business could be raised to the next level making the Inn a true destination location. The Golspie Inn operates to a turnover of £428,000 generating an adjusted net profit of £84,000, as at 30th September 2017.

THE PROPERTY
Of traditional stone construction under slate roofing, the Inn dates from 1808 and is a “B” Listed Building. The property has undergone some major infrastructure upgrades plus some internal modification and redecoration over recent years. Accommodation is arranged over three levels, as follows:

PUBLIC AREAS
The main doors enter the building via an attractive glazed outer porch which leads into the spacious entrance hallway. To the left is the modern conservatory which is both bright and airy, an ideal vantage point from which to relax and watch the world go by. Adjoining the conservatory is the sizeable function suite which, when integrating the conservatory floor space, can accommodate around 80 guests. This has the advantage of a delightful wooden dance floor and offers the potential for functions etc.

Straight-ahead from the entry hallway is the Inn’s welcoming split-level dining room which can seat circa 40 diners. Turning to the right off the hallway leads to the main reception hall where the reception counter is located. The Inn’s popular ‘L’-shaped lounge is located off the reception hall and can seat 24 covers in the lower level with seating for a further 20 in the upper area. This well-presented space is the focal point for diners. There are customer restrooms in the reception hallway and off the lounge. On the first floor is a meeting room.

LETTING BEDROOMS
Stairs lead from the reception hallway up to the Inns 14 letting bedrooms which are configured as follows:
2 - Twin en-suite with shower room
3 - Double en-suite with bathroom with shower over
4 - Double en-suite with bathroom with shower over
5 - Single en-suite with shower room
6 - Twin en-suite with shower room
7 - Double en-suite with bathroom with shower over
8 - Double and single en-suite with bathroom with shower over
9 - Double with private bathroom with shower over
10 - Double and 2 singles en-suite with bathroom with shower over
11- Twin en-suite with shower room
12 - Double (large) en-suite with bathroom with shower over
14 - Single en-suite with shower room
15 - Single en-suite with shower room
16 - Twin en-suite with bathroom with shower over

All rooms are comfortable, attractively furnished and benefit from central heating, television and tea / coffee making facilities. All but one of the bedrooms have en-suite facilities however this single exception has private facilities.

SERVICE AREAS
The Inn has an excellent commercial kitchen and adjacent washing-up space. The kitchen is well-appointed with an excellent range of facilities, capable to cope with a high turnover of food production. There is a large still room, separate laundry room and a freezer room with walk-in chill. Substantial outbuildings adjoining the Inn provide extensive storage facilities. The boiler room is located to the rear of the building housing the bio-mass boiler. An administrative office is conveniently located behind the reception area. There is a spacious beer cellar plus adjoining wine and spirits cellar. The inn has a large linen store on the first floor.

GROUNDS
The Golspie Inn is a substantial property enjoying a prime site immediately adjacent to the main A9. Grounds include off road parking for 20 cars and are bordered by mature trees.

SERVICES
Mains electricity, water and drainage. Bio-mass burner for central heating and hot water. Propane gas for cooking. The business is fully fire compliant. The Inn benefits from Wi-Fi.

Energy Performance Rating:
G

Other Information

Related Documents:
Leasehold asking price:
£50,000

Contact Information

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