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12 bedroom guest house for sale

2105. Melrose Villa Guest House, Kenneth Street, Inverness, IV3

£525,000

Property Description

Commercial information

  • Business for sale

Key features

  • Substantial stone built premises ideally located in the centre of Inverness
  • Surrounded by a range of similar properties and businesses
  • 3-storey guest house established in 1990
  • Offers 9 letting rooms and 3-bedroom owners' accommodation
  • Letting rooms mostly en-suite except for rooms 5 & 6, which have plumbing in place for installation
  • Trades for nine months of the year with scope for all year

Full description

Tenure: Freehold

Location
Melrose Villa Guest House occupies substantial stone built premises ideally located in the centre of Inverness. Situated on Kenneth Street, the property is surrounded by a range of similar properties and businesses. The business is within easy walking distance of the city centre and there is a bus stop close by. Inverness is a large and vibrant city, which is popular with tourists all year round who enjoy the wide range of amenities in the city, the outdoor activities in the surrounding areas and its connections with the legend of the Loch Ness Monster.

Business History
Preferred Commercial is delighted to offer for sale this 3-storey guest house, which was established in 1990 and which has been operated by our client since 2006. The business is only now presented to the market due to our client's wish to retire. The property benefits from Victorian proportions and boasts high ceilings, decorative cornicing and attractive interior archways. The property offers 9 letting rooms, 3-bedroom owners' accommodation, a patio area to the rear and a small enclosed garden to the front. The majority of the letting rooms have en-suite facilities, with the exception of rooms 5 & 6, which have plumbing in place for installation. The business trades for nine months of the year and generates a turnover in the region of 57,000 with a gross profit of 90%. Our client has built up a loyal customer base, with visitors returning every year to enjoy the local amenities. We feel there is potential to increase turnover by extending the trading months to all year round and by offering lunch and evening meals. The new owner could, if desired, apply for an alcohol license. This is an ideal lifestyle change opportunity to acquire a substantial property in a great location, which is already profitable and has further potential. Early negotiations with Preferred Commercial are highly recommended.

Financial Details
T/O: 57,000 approx.
GP: 90%

Opening Hours
Open: February to October
Closed: November to January

Accommodation Details
Substantial 3-storey stone built guest house with central heating, double glazing and Wi-Fi throughout. Briefly comprising:

Ground Floor
Dining room with tables and chairs for approximately 16 covers and coal-effect gas fire
Private owners' lounge with fireplace
Kitchen with 6-burner gas hob, double oven, sink unit, refrigerator, freezer, microwave oven, cupboards, dishwasher and extraction unit
Utility room with washing machine, commercial tumble dryer and shelving
Owners' accommodation comprising 2 x double bedrooms, single bedroom and shower room with shower, wash basin and WC

First Floor
Room 1. Double room with television, hospitality tray and en-suite facilities
Room 2. Triple room with television, hospitality tray and en-suite facilities
Room 3. Single room with television, hospitality tray and en-suite facilities
Bathroom with walk-in shower, wash basin and WC
Room 7. Single room with television, hospitality tray and en-suite facilities
Room 8. Single room with television, hospitality tray and en-suite facilities
Room 9. Double room with television, hospitality tray and en-suite facilities

Second Floor
Room 6. Twin room with television, hospitality tray and sink unit
Bathroom currently used with rooms 5 & 6
Room 5. Family room with television, hospitality tray and sink unit
Room 4. Double room with television, hospitality tray and en-suite facilities

External
Small garden to front with railings
Courtyard to rear with patio area
Garden shed

Tenure
Advised freehold

Map & Street View

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