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Stunning 6-Bedroom Guest House With Cottage In Pitlochry For Sale

Pitlochry, Perth and Kinross
Asking Price:
£650,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

• Idyllic and substantial holiday accommodation business set in beautiful rural Perthshire near to the historic and attractive holiday destination of Pitlochry.

• Flexible and profitable business currently operating as a self-catering unit also offering bed and breakfast during the high season.

• Kinnaird House comprises of 6 high quality letting bedrooms and public areas plus excellent service areas.

• Kinnaird Cottage benefits from 2 bedrooms, lounge, kitchen and shower room plus a further a studio apartment comprising of double bedroom, shower room and kitchenette.

• The Retreat Cabin is a luxury self-catering unit available, on a leasehold basis, providing a further income stream.

• Superb garden grounds with areas of decking and ample recreational space plus private parking.

Property information

Property:

Freehold

Living Accommodation:

The 2-bedroom cottage or studio flat could make attractive owner’s accommodation, if required.

Location:

Kinnaird House is located on the A924 about 2 miles from Pitlochry. Set in the heart of rural Perthshire, Pitlochry remains one of Scotland’s most popular holiday destinations catering for year-round tourists and visitors. The area is world-renowned for its access to outdoor activities, to suit all capabilities from hill walking and mountaineering, mountain biking trails, white water rafting and kayaking etc. Pitlochry is surrounded by spectacular scenery and is an ideal base for touring throughout the region to include Edinburgh, St Andrews, Loch Ness, Inverness, Braemar and Royal Deeside. Whether golf, castles, whisky trails, wildlife, and fishing or if just stunning scenery is the penchant for the visitor, Pitlochry is a superb base from where it is all accessible within a day trip.

The town itself is a thriving community, benefiting from a host of retail outlets, recreational and welfare facilities. Pitlochry Festival Theatre (PFT) offers a varied and exciting variety of events throughout the year attracting many visitors to the area. Indeed, Pitlochry is a focal point for many activities which can be studied further at www.pitlochry.org. The town is served by a main line railway station providing easy access to Inverness to the north and Perth, Glasgow and Edinburgh to the south. The town has schooling from nursery right through to their 4th year of high school.

Premises Details:

DESCRIPTION
Only by viewing can one appreciate the absolute beauty of the location of this stunning property and business. The property has a significant footprint and spacious well-maintained garden grounds. Kinnaird House is a stunning Victorian property dating from 1885 and trades primarily as a self-catering business which has 3 distinct entities; Kinnaird House, Kinnaird Cottage and a studio flat. The main house is presented in excellent condition and it is evident that there is an active maintenance and upgrading program in place. The quality of the fixtures and fittings is of an impressive standard which is reflected throughout. The house seamlessly blends the character and charm of a Victorian building with the qualitative standards required of the modern discerning tourist. The 2-bedroom cottage offers a further letting option or could make attractive owner’s accommodation; it is currently used as family accommodation. The studio flat could equally be further owner’s accommodation or add to the letting portfolio. A most attractive feature of this property is the elevated site with tremendous views including over the town of Pitlochry, which is only a 3-minute drive away. All the aspects of this property offer a superb B&B trading proposition and family accommodation or a larger holiday let.

TRADE
Kinnaird House and Cottage is an established and charming holiday letting business enjoying a high level of occupancy and generating strong profitability. The business has a consistent level of turnover from a fairly simple trading model. The extant business model is to let the house as a single unit as luxury self-catering accommodation both for short and weekly lets. The current owners also choose to operate B&B between self-catering lets in the high season, they still have a B&B website and are registered on booking.com; this element equates to around 15% - 20% of the total income. This is an easy-to-operate trading platform which requires the minimum amount of input from the vendors. The business operates year-round but with the main share of trade being generated from April to November. The Retreat Cabin has been operating at 92% occupancy over the last financial year and Kinnaird House operates at over 80% occupancy for self-catering weekend stays.

An attractive feature of this business model is that operators can enjoy both higher profit margins, and greater free time, than they could running a traditional bed and breakfast. The business offers flexible trading options as new owners could continue with the extant arrangement or should they wish, operate solely as a high-end bed and breakfast business. The business has its own excellent website plus utilises a number of portal websites.

THE PROPERTY
Kinnaird House is well-sign posted and located on the A924. This substantial Victorian property has a prominent position and is accessed via a tarmac drive leading to onsite parking. The house is constructed of stone with a pitched slate roof. The house and cottage are set over two floors and the studio flat is set to the ground floor only.

KINNAIRD COUNTRY HOUSE
This excellent trading opportunity is presented to an exceptional standard. The public rooms are spacious and benefit from high ceilings and excellent cornicing plus ceiling roses. The rooms are all presented to a high standard plus the quality of fixtures and fittings is impressive. Access to the building is via a solid wood outer door which leads into a vestibule which has original Victorian tiling. Through an inner glazed door is the spacious and attractive reception hallway with a wide staircase and feature wooden balustrade. From the hallway, doors lead to the guest lounge (left) dining room (right) and to a letting bedroom on the ground floor (rear).

The lounge is a highly impressive and cosy room benefiting from a large bay window to the front with a window seat. The vista from the lounge offers views across the well-maintained gardens to the town of Pitlochry framed by the hills on the horizon. This bright and airy room has a feature marble surround fireplace. The cornices and ceiling rose in this characterful room add a high degree of atmosphere to the property.

The dining room also benefits from a large bay window to the front offering stunning views plus there is a further side window. This spacious room is set to tables and chairs and has the capacity to seat all guests simultaneously. The feature fireplace with tiled hearth adds a further reflection of the houses Victorian origins. There are double doors which are partially glazed leading to the kitchen.

The spacious kitchen benefits from a wide range of modern wall and base units. There are ample work surfaces and a centre worktop. The kitchen is beautifully appointed with a 5-burner hob and extraction unit plus a range of integrated units (fridge, dishwasher etc.). The kitchen is attractive with wood-effect flooring and window to the side of the property. Off the kitchen is a utility room which is fitted with a matching range of wall and base units with spaces for a washing machine and tumble dryer. There is a door to the rear leading to the courtyard.

BEDROOMS
All bedrooms are well-presented and have modern furniture and fittings. The en-suites and the bathrooms are modern. The rooms have good in-room facilities providing a high degree of comfort and service and are configured as follows:

Ground Floor
Bedroom 4 - A double bedroom on the ground floor with en-suite shower room

First Floor
Bedroom 1 - King-size bedroom with double window to the front with en-suite bathroom with shower over bath.
Bedroom 2 - King-size bedroom with double window to the front with en-suite bathroom with shower over bath.
Bedroom 3 - Double bedroom with en-suite shower room.
Bedroom 5 - Double standard bedroom with shared bathroom off the hallway.
Bedroom 6 - A standard single bedroom with a shared bathroom off the hallway.
Bathroom - Spacious unit with a modern white suite including W.C. wash hand basin and bath with shower over and glazed screen.

KINNAIRD COTTAGE AND STUDIO FLAT
Entry to the cottage and studio flat is from the rear courtyard area via a hallway providing access to a modern shower room, spacious lounge and kitchen. The kitchen is fitted with a range of wall and base units with oven and hob with extractor over and integrated fridge / freezer. Stairs lead to 2 double bedrooms on the first floor. The studio flat entrance leads into a modern compact fitted kitchen. A hallway leads to the shower room and double bedroom.

RETREAT CABIN (SELF-CATERING)
The Retreat Cabin is a luxury self-catering unit located to the rear of the main subjects. The cabin has an excellent out look and offer splendid holiday accommodation. Internally the unit is finished off to an exceptional standard with open plan living spaces and quality fixtures and fittings. This unit is available for lease by separate negotiation and offers an excellent income stream to supplement the trading aspects of the main business. The terms for this leased unit are:

Capital Premium: £15,000
Rent: £15,000 p.a.
Rent Payments: Quarterly in advance
Rent Reviews: None
Lease Duration: 5 Years
Purchase Option: To be agreed in advance
Lease Type: Full Repairing and Insuring; lessee bears the cost of Insurance
Key Entry Details: Condition/photographic survey to be carried out (At shared costs)
Entry Date: Concurrently with the Sale of Kinnaird House

GROUNDS
The property is accessed from the main road via a tarmac drive leading to gravel parking areas. The business has excellent sign-posting to the front aspects. The subjects extend to circa 1/3 an acre with well-maintained garden grounds and lawn areas. To the front lawn is an area of decking which is set to patio furniture. To the side of the house is a hot-tub. An area of patio is also laid to the rear of the property. There is adequate parking to the rear and front of the house. There is a store room and a shed to the rear aspects.

SERVICES
Mains electricity and water, drainage is via a bio disc and surface water via a soakaway. The property is double glazed and fully centrally heated by way of a mini district heating circuit linked to a biomass boiler. The house benefits from Wi-Fi.

Business Operation

Reasons for selling:

The vendors have developed the business to reflect their exacting standards and unique operation model. However, it is their desire to enjoy the fruits of their labour and reduce their work commitments that brings this attractive property and successful business to the market.

Other Information

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