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37 bedroom hotel for sale

Kirkwall Hotel, Harbour Street, Kirkwall, Orkney Islands, KW15

Offers Over £1,599,995

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes, A4 Drinking Establishments, B1 Business and C1 Hotels

Key features

  • Income of 1,891,462 for the year ending 30/06/2015 with an adjusted EBITDA in excess of 400k
  • Stunning location overlooking the harbour in Kirkwall town.
  • Award winning Skippers Restaurant
  • In 1952 Her Majesty the Queen stayed at the Kirkwall Hotel on her visit to Orkney.
  • Well appointed 200 cover restaurant and adjoining lounge bar.
  • 37 en-suite bedrooms with hairdryer, flat screen TV, free wireless internet access, tea/coffee making facilities, direct dial telephone.
  • Public bar and games room & 60 cover function facility
  • Extremely popular for weddings and functions.
  • Huge scope to increase income substantially, thus benefiting from the many visitors drawn to the attractions of the Orkney Isles.
  • One of the largest hotels on the Island.

Full description

Tenure: Freehold

The Hotel is situated on Harbour Street, in the historic town of Kirkwall, which is the biggest town and capital of Orkney, off the coast of north Eastern tip of mainland Scotland. The name Kirkwall comes from the Norse name Kirkjuvagr (Church Bay), which was later corrupted to Kirkvoe, Kirkwaa and Kirkwall. Today's Kirkwall is the centre of Orkney in many different ways. Lying on the narrow neck of land on which East and West Mainland meet, almost all roads linking the two pass through the town. It is also the point where all ferries depart for the northern isles.

Orkney offers a wealth of attractions and something of interest for everyone, whether it is sports and activities, nature, history or archaeology. A number of attractions and places of interest are within walking distance from the hotel, these include the stunning St Magnus Cathedral - a must for anyone visiting Kirkwall, the Earl's and Bishop's Palaces, The Orkney Museum and The Highland Park Distillery and Visitor Centre. Mainland Orkney is ever changing with major projects on going such as installations of wind farms, upgrading and building of schools and also further residential homes.

The Kirkwall Hotel is an extremely busy business that has been run by the current proprietor since 2000. The hotel trades throughout the year from a good mix of accommodation, food and wet sales. The quality of the hotel is reflected in its 3 Stars from VisitScotland and the award winning Skippers Bar refurbished in 2010 to an exceptionally high standard. Additional marketing is carried out through its own informative website www.kirkwallhotel.com. The business enjoys much repeat custom, particularly due to its stunning location next to the Harbour, not forgetting the quality and service the hotel has to offer. The town of Kirkwall has excellent communication links to the rest of the island. Many of the visitors include overseas visitors, outdoor enthusiasts, and it also plays an integral role in the local community as many locals use the venue for weddings, meetings and dinners etc.

In 1952 The Queen stayed at the Kirkwall Hotel on her visit to Orkney, also around this time another of the hotels guests was the king of Norway. Although the hotel is trading extremely successfully, it still has potential to grow income further.

This is a stunning Victorian building that has been lovingly extended and modernised over the years. The property is of stone construction pitched under a slate roof, with original features in abundance throughout both internally and externally. During our clients tenure no expense has been spared with the refurbishment of the hotel. The property was originally built to function as a hotel at a construction cost of 6,000. A few decades later the hotel played a crucial role in World War 2, being the headquarters for the Royal Navy.

To the front of the property is the main street where you will find plenty of parking, amidst a backdrop of stunning harbour views.

There are 37 letting bedrooms, all of which have en-suite facilities, hairdryer, flat screen TV, free wireless internet access, tea/coffee making facilities, direct dial telephone
Egyptian cotton bedding. iron and ironing board, extra pillows, blankets and hospitality products are all available upon request. The Hotel also offers a laundry service.
The rooms are set as 2 singles, 3 family, 16 doubles and 16 twins, with prices from 75 - 135 per person per night for bed & breakfast

Situated to the right hand side of the reception hallway is the Harbour view Restaurant and lounge bar. Both rooms benefit from spectacular views over the harbour and the hills beyond. The Restaurant and lounge bar with a total of 200 covers is finished to a very high standard with traditional style and decor complete with elegant wooden tables and cushioned chairs. Skippers Bar was refurbished in 2010 to an exceptionally high standard, and received an award for its design. The bar is popular with locals and tourists, and is another area of the hotel for customers to relax and enjoy the fine food on offer complete with Live sports on 5 screens, pool table jukebox and dartboard. The reading room where comprises of comfortable sofas and allows patrons to enjoy the breathtaking views on offer. There is also a Function room which can cater for up to 60 covers which is popular with local societies, larger shooting groups etc.


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