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Fantastic opportunity to purchase thriving self-catering business in the heart of Inverness
Highly profitable lifestyle business with opportunity to expand
Attractively priced business to interest the right purchaser
Leasehold of 2 profitable premises on a flexible basis
Generous rent-free period of 6 months is included
Business can be split by property if desired
Leasehold
The lease of properties to be agreed between parties. It is anticipated that a full repairing lease with lease terms of 5-10 years will be offered. In principle, the Seller is willing to offer the first 6 months rent free. Outline heads of terms will be provided to serious interested parties.
Inverness is the commercial and administrative centre for the Highlands of Scotland. It is a vibrant city with a population in the region of 50,000 and a geographical shopping catchment area spanning 10,000 square miles, with a potential catchment population of around 200,000. During the holiday season, the city attracts many thousands of visitors who come to experience the Highlands in all their glory. Inverness has extensive facilities for residents and visitors, boasting three golf courses, a theatre (Eden Court), an excellent indoor swimming complex, two cinemas, ten-pin bowling, and ample opportunity to enjoy an evening’s entertainment at a range of venues. Inverness is a busy tourist destination, with its population vastly increasing during the main tourist season. Whether it is a whisky trail, a boat trip on Loch Ness, or a visit to one of the many accessible Scottish castles, the properties are ideally situated to catch the eye of the many tourists who choose to visit. Inverness is a vibrant and growing city, and with such expansion come many opportunities in both commerce and social activities.
The lease of the following two properties are offered immediately, with the potential to have further opportunities in the future:
32 Riverside Gardens
This property is of modern construction and located close to the River Ness. It consists of lounge, kitchen, and two double bedrooms (one with king-sized bed and the other with 2 single beds). There is also an option to have a single sofa bed set up in the lounge. Guests benefit from a bathroom and ensuite shower room. There is also free, designated parking.
2 Wellingtonia Court
This property is of modern construction and located close to the River Ness. It consists of a kitchen / lounge area, bathroom with shower and double bedroom. There is also an option to have a single sofa bed made up in the bedroom. The entrance to the property is from a private garden, which includes a drying area. There is also free, designated parking.
TRADE
Grant Luxury Properties, Inverness has a unique trading identity with a highly attractive website (www.grant-inverness.co.uk) which can take bookings. This is supplemented by marketing on popular portal websites such as Booking.com. The Booking.com reviews are strong at an average of 9/10. The business operates with a flexible 3 night minimum stay. The owners currently restrict the rental of these properties to fit their lifestyle choice. Inverness benefits from a strong commercial infrastructure growth and as such, during the off-season November to March excellent opportunities arise via visiting contractors. These bookings regularly result on Monday to Thursday leaving weekends available for visiting tourists. As a result, there is the opportunity to significantly increase turnover and profit levels, should that be desired.
The owners have confirmed that they will assist in the training of the purchaser and ensure that they are fully abreast of the systems that are in place.
It is the owner’s desire to reduce their ongoing business interests that brings this excellent opportunity to the market. The properties on offer represent part of their current business portfolio and there may be the option in the future to purchase the interest in further properties.
