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4 Star Guest House In Oban For Sale

Oban, Argyll and Bute
Asking Price:
£540,000 Furniture / Fixtures included
Turnover:
£50K - £100K
Net Profit:
Under £50K

Opportunity to buy a 4 Star Guest House before start of season as owners looking to retire.

Currently trades just under Vat Threshold so there is scope to be open longer in year to increase turnover.

Property is a 2 storey semi-detached Victorian House on a hill with uninterrupted views across to Kerrera and Isle of Mull. 7 Letting bedrooms all en-suite.

Landscaped garden with plenty of seating areas to enjoy the views.

Fully double glazed throughout with gas central heating.

4 Star Award from Visit Scotland
Gold Award from Green Tourism
Ancestral Tourism Award

Property information

Property:

Freehold

Living Accommodation:

Own lounge plus 2 ensuite bedrooms and an office , has been child's bedroom all on ground floor of property.

Location:

Conveniently situated in a quiet residential area just located off the A85 as entering Oban from the North, parallel with George Street the main street is some 5 minutes walk with plenty of restaurants nearby.

Has its own website and rooms can be also be booked through Booking.Com, Trip Advisor and Visit Scotland online.

Premises Details:

Two storey Victorian Guest House with 7 letting bedrooms all en-suite, dining room and guest lounge in the conservatory. Current owners use local and organic produce wherever possible and are the only Gold Green Tourism Guest House in Oban.

On first floor there are 2 Sea View doubles including the Four Poster Room with seating area and to the rear a twin room and double room the only guest room with a bath - all other rooms have electric showers, mainly Mira Air Boost.

On the second floor there are 2 double rooms with Sea Views one has its own separate lounge and a large single room. All beds are either Super King or King size doubles in the double rooms with a small double bed in the single room to provide guests with a more comfortable nights sleep.

Since purchasing the property it has been fully double glazed, benefits from a new roof, low maintenance upvc soffits and fascias. Garden has been landscaped and deck added to provide seating areas for the guests to enjoy the views.


Kitchen includes Stainless Steel A+ Samsung Upright Freezer and Fridge with Water Dispenser Appliances and 5 burner Rangemaster Dual Fuel Range Cooker. Utility Room includes 11kg A+++ Washing Machine and 7 Kg Condenser Dryer.

Size in square feet:
297 m2
Planning Consent:

None

Energy Performance Rating:
E  View EPC Graph for this property

Business Operation

Expansion Potential:

Opportunity for new owners to provide evening meals, extend the season by registering for Vat and increasing turnover as only operates approx 8 months per year at the moment.

Competition / Market:

Oban is known as the Seafood Capital of Scotland with plenty of excellent seafood restaurants plus many offering Scottish cuisine. Ideally situated for catching ferries to the local islands including Mull, Colonsay, Coll & Tiree. Oban is a bustling tourist destination with stunning sunsets. Plenty of repeat business.In the same vicinity are several other Guest Houses but this is an advantage for passing trade.

Reasons for selling:

Retirement

Trading hours:

Seasonal business mostly from Easter to end of October plus open at New Year. Can be run by a couple without need for staff.

Employees:
0
Years established:
Has been run as a Guest House for over 50 years ,current owners took over 2001.

Other Information

Support & training:

None

Furniture / Fixtures value:
£20,000 - included in the asking price
Website:
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Related Documents:
Home based:
This business can be run from home.

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