TRADITIONAL VILLAGE HOTEL WITH STUNNING COASTAL LOCATION
Occupying a prime position, with spectacular views sweeping over to the Sound of Mull and the surrounding countryside, the sale of Lochaline Hotel offers a fantastic opportunity to purchase a traditional village hospitality business which can be run as a hotel, guest house or has potential to create a large family home.
The sale offers a real lifestyle opportunity for the successful purchaser to continue the business in place, as well as providing a family home.
Lochaline Hotel enjoys a prime position located in the desirable coastal village of Lochaline on the Morvern peninsula, with direct views spanning over the fascinating waterway to the Sound of Mull. The original subjects date back to the 1930’s and comprise a traditional detached two storey property, with the later addition of a single storey, loch view dining area.
Currently run as a charming village hotel with five guest bedrooms, public bar, dining area and separate owners’ accommodation, the sale offers an exciting opportunity to take over the well-established family run business with the potential to modernise the subjects or indeed create a guesthouse or large family home.
Offering a real lifestyle opportunity for the successful purchaser, the property offers eight bedrooms in total, five of which are currently letting bedrooms with the remainder used as private accommodation. There is a traditional bar area and spacious dining area which is serviced by the well equipped kitchen, as well as two shower rooms and cloakrooms.
The business operates all year with the main income streams being split between accommodation, wet sales and food sales.
Located on the picturesque Morvern Peninsula, an area of spectacular scenery and famous for its walking and wildlife, the property is located centrally in the village of Lochaline. Lochaline itself is a small coastal village with a shop, restaurant, health centre and primary school, while secondary schools are available in both Strontian and Tobermory. Further facilities and amenities are available in Mull, Strontian, Fort William and Oban. Its location means that it is well-placed to take advantage of the many leisure and pleasure activities which the area has to offer. The construction of the pontoon in Lochaline is of great benefit, allowing boats to berth safely and give access to the shore, as well as the Dive Centre. Tourism forms a large part of the business.
Lochaline Hotel is a family run business, trading all year with a turnover of £133,000, generating a profit of £23,000 as of 31 January 2019.
The current owners have run the business since 1995 and are retiring, which allows the successful purchaser to develop the business.
The business is sold as a going concern, including furnished guest accommodation, fixtures and fitting as defined in a separate inventory, functional website, pre-existing bookings and the business goodwill. At the owner’s discretion and following initial viewings, accounts will be available to seriously interested parties.
The accommodation comprises the following, entrance vestibule, hallway, bar area, dining room, kitchen, utility/pantry, two cloakrooms, shower room, private lounge and bedroom, all on the ground floor. The upper levels provides seven double bedrooms (five used for letting), two shower rooms and a cloakroom.
The property enjoys direct sea views with a parking area located to the front, lawn to the side and a static caravan and store to the rear. The owners currently lease the land directly in front of the hotel, which could be used as further seating areas due to the spectacular views and small beach area.
The property benefits from oil fired central heating, mixed glazing and LPG for cooking. There is mains electricity and water. Private drainage.
The hotel currently trades above the VAT threshold. Fully accounts are available on request, following initial viewings.
The premises are licenced in accordance with The Licensing Scotland Act 2005.
The rateable value of the property is £11,000 and is eligible for 100% discount under the Small Business Bonus scheme, to eligible parties.