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Charming Bed And Breakfast Near Inverness City Centre For Sale

Inverness, Highland, UK
Asking Price:
£295,000
Turnover:
Available on request
Net Profit:
Available on request

• Late-Victorian property trading as a budget accommodation-only provider, within an attractive trading location close to the River Ness in Inverness, the capital of the Highlands.

• Simple operation model providing a home and income opportunity enjoying year-round income but due to being let out until recently no trading accounts are available.

• Offering 5 en-suite bedrooms on a room-only basis, there is a dining room which allows for breakfast provision.

• Spacious owners accommodation includes a large kitchen, utility room, lounge, double bedroom with en-suite shower room.

• The property has spacious private gardens to the rear laid to mainly lawn.

Property Information

Property:

Freehold

Living Accommodation:

The private owner’s accommodation is set to a large lounge and a double bedroom with en-suite shower room. The kitchen, which is of a good size, has ample storage and a breakfast bar. There is a separate utility room.

Location:

Riverbank Bed and Breakfast is ideally situated centrally to Inverness city centre, highly convenient for guests wishing to walk to nearby shops, restaurants etc. The business is close to the River Ness offering some excellent walks to the attractive footbridge. Inverness has extensive facilities for visitors boasting 3 golf courses, an excellent indoor swimming complex, cinema, bowling and ample opportunity to enjoy evening entertainment at a range of venues which include Eden Court Theatre. Nearby Cawdor Castle offers a taste of Scotland’s medieval past while Culloden Battlefield and Visitor Centre is an ongoing testament to Bonnie Prince Charlie’s final futile attempt to gain the throne in 1746. Whether it be a Whisky Trail, a boat trip on Loch Ness or a visit to one of the many accessible Scottish castles (including Inverness Castle), the property offers an ideal base, being within easy reach of a wide range of visitor attractions. Inverness is also the start and finish point of the North Coast 500 which draws in a number of visitors to the City. Inverness is also at the northerly end of the Great Glen Way. Benefitting from much expansion over the past few years, Inverness has a full range of social and welfare facilities associated with a modern city. The house is within walking distance to both primary and secondary schools.

Premises Details:

Description
Dating from the early 1900s, Riverbank Bed and Breakfast is a semi-detached stone-built property. Situated within a short walk of the heart of Inverness along the River Ness, this attractive property benefits from a solid trading location. This compact trading entity offers 5en-suite letting bedrooms, attractive private owners’ accommodation and ample garden grounds. Operating on a budget bed-only basis at present, Riverbank Bed and Breakfast is arranged to provide comfortable and affordable accommodation. This is a long-established business which could provide a solid income and home. The business would suit someone who was keen to run their own business on a lifestyle basis. However due to being leased out by the vendor, no trading figures are available. The property benefits from a number of recent upgrades but has some sound potential for further business development.

Trade
The business generates its income from accommodation-only allocations, offering both short term and weekly room lets. The lack of the need to provide a breakfast service makes this an appealing business for owners with other employment streams or for someone operating at arm’s length. The business is in a popular area where other thriving accommodation businesses operate. The current trading regime utilises a number of portal websites such as VisitScotland and booking.com to generate custom. Due to the business being leased until recently, the vendor cannot provide any trading figures.

Inverness is a highly popular tourist destination with many repeat visitors and as such the business should be able to generate a decent income level. Turnover is also generated from business to business trading. During the tourist season, Inverness historically has a shortage of letting accommodation and therefore income levels should be reasonably assured during this busy time. The business does not have its own website and this presents a business development opportunity, especially where an automated booking system, e.g. FreeToBook, is utilised.

The property
Riverbank Bed and Breakfast is an attractive 2-storey semi-detached building dating from the early 1900s. Of stone construction under a pitched slate roof. The business has a number of Victorian features which makes this an attractive and affordable purchase. The level of fixtures and fittings are of a basic standard and are included in the sale. Access to the property is via a street level entrance.

Service accommodation

Ground Floor
Vestibule. The property has two small solid outer storm doors which lead into a small tiled vestibule.

Hallway. An appealing hallway is accessed via a charming partially glazed door. From the hall, stairs lead to the first floor. The wooden balustrades are an attractive period feature.

Dining Room. The dining room is situated with an attractive bay window to the front aspects. The spacious dining room has some lovely period features.

Bedroom 5. This double bedroom has an en-suite shower room.

Kitchen. Set to the rear aspects, this spacious kitchen has ample storage with floor and wall mounted units plus a wide range of facilities. A door leads to an extension and to the owner’s accommodation.

First Floor
Bedroom 1. This is a single bedroom with an en-suite shower room.

Bedroom 2. Set to a twin bedroom, with en-suite shower room.

Bedroom 3. Configured to twin beds with an en-suite shower room.

Bedroom 4. Double en-suite with shower room.

Ancillary Rooms. There are 3 former shower rooms / ancillary rooms located to the rear of the property which could be utilised for storage or developed with planning consent.

External
The frontage of the building has direct access to street level. With a small enclosed raised garden bed planted to trees and seasonal plants. To the rear of the business is a large private garden area that is mainly laid to lawn offering ample recreational space. Parking permits for the main road can be obtained from the Highland Council.

Services
The property benefits from mains electricity, water, gas and drainage. Central heating and hot water are gas-fired. The building is fully double glazed. The business has a fire alarm system and is compliant.

Business Operation

Reasons for selling:

The present owner purchased Riverbank Bed and Breakfast in 2005 and has enjoyed the rewards of trading such a successful business. It is due to his desire to reduce his property portfolio that brings this excellent, easy-to-operate business opportunity onto the market.

Other Information

Related Documents:

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