Commercial Property for sale

Perth Road - PH7

£839,995

Property Description

Commercial information

  • Business for sale

Key features

  • VisitScotland 4 Star
  • 6 En-Suite Letting Bedrooms
  • Restaurant (60 Covers)
  • Landscaped Gardens

Full description

Tenure: Freehold

Situation
Crieff is known as the gateway to the Highlands and is a good location for discovering Scotland at only an hour’s drive from Edinburgh and Glasgow. Crieff has great walks, cycle routes and scenery as well as tourist attractions such as the famous Grouse Glenturret Distillery. Golf features heavily in Perthshire and courses are plentiful, ranging from Crieff’s two 18 hole courses to the renowned Gleneagles courses, only 8 miles away.

Yann’s At Glenearn House is situated on the main Crieff to Perth Road and is just 5 minutes walk from Crieff golf course, Crieff town centre and the Crieff Hydro Hotel.

DESCRIPTION
Glenearn House is an established business, positioned on Perth Road with unrestricted views over the Perthshire hillside within the town of Crieff. Glenearn House is a family-run, award winning restaurant with 6 en-suite letting rooms. The standard achieved at Glenearn House has resulted in the business being rated 4 Star by VisitScotland and number 1 on Trip Advisor. It has also been highly rated on booking.com, 3 consecutive years recommended in Michelin Guide and Scotland the Best. Glenearn House has in recent years benefited from a comprehensive upgrading and refurbishment program that our clients carried out on taking over the property back in 2008. With each room decorated and furnished to a modern standard, our clients have been able to combine tasteful, modern comforts while still retaining and in many cases enhancing many of the period features that are found throughout Glenearn House.

Fairly early on after taking over the property, our clients noted the need to expand the number of covers within the restaurant and embarked on having a Mozolowski and Murray conservatory restaurant added to one side of Glenearn House. Adding a further 20 covers, the conservatory which looks out over a small pond is furnished and benefits from having French doors opening out to the grounds of Glenearn House. An added benefit of the conservatory is that it provides a private dining space.

We have been informed that the restaurant is fully booked 3 weeks in advance at the weekends with the letting rooms almost fully booked for the summer.

The vendors have decided to place Glenearn House on the market due to their wish to spend more time with their young family. The sale of Glenearn House represents an opportunity for an established operator or chef to take over the ownership of a well established business.

Building External
The former boarding house for Morrison’s Academy, Glenearn House sits within its own gardens and grounds. Situated only a 5 minute walk from the centre of Crieff, the Victorian sand stone property comprises hallway, lounge, 60 cover restaurant leading out to conservatory, fully fitted commercial kitchen with stairs leading to the private accommodation, 6 letting rooms, office and ladies and gents W.C facilities. Various storage areas are available throughout the property with car parking for 30 cars to the front of the property.

LETTING ACCOMMODATION
There are 6 spacious bedrooms (double or twin), all decorated in their own unique style and with an en-suite shower room or adjoining private bathroom. Each bedroom has handpicked furniture and features home-to-home luxuries such as digital television, hi-fi, DVD, tea/coffee making facilities and toiletries. Broadband access is available from the lounge and the bistro offers a selection of DVDs.

OWNERS ACCOMMODATION
The owners’ accommodation comprises a 2 bed flat on the first floor of the premises with an open-plan kitchen and lounge area with direct access to the office and kitchen.

BUILDING INTERNAL
Situated to the right hand side of the reception hallway is the residents’ lounge furnished with sofas and fireplace. To the left hand side of the hallway is the restaurant which is presented to a modern standard with contemporary style décor and furnished with wooden tables and cushioned chairs. Split between the main restaurant and the conservatory, both rooms sit around 60 covers from where the guests can enjoy the view over the garden and pond.

Further down the reception hallway are the ladies and gents toilets, access to the letting rooms is also from the reception hallway.

Building External
To the front of the property are landscaped gardens with outdoor seating area. Also at the front is the customer car park. Further landscaped grounds to the side of the property along with a pond.

SUMMARY
The sale of Glenearn House offers an opportunity to purchase a restaurant with rooms. There is still potential for further growth.

PRICE
Leasehold premium £199,999 Annual Rent of £40,000. Freehold Offers over £840,000 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

FURTHER INFORMATION
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.

VIEWING
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

OFFERS
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

FURTHER INFORMATION
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 477 6060.

Nearest station

  • Gleneagles (8.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Gleneagles (8.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 39992. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Bruce & Co. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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