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7 bedroom hotel for sale

Holborn Hotel, Princes Street, Thurso, KW14

Offers Over £499,000

Property Description

Commercial information

  • Use class orders: C1 Hotels

Key features

  • Excellent recently refurbished commercial hotel opportunity
  • Prime central trading location amidst the busy Highland town of Thurso
  • Healthy income split across beverage, accommodation and catering sales
  • Strong year-round demand driving rising turnover and good profitability
  • A highly successful and profitable self-employment opportunity
  • Offers Over £560,000

Full description

The Holborn Hotel is a licensed business which enjoys an excellent trading location, ideally placed to capitalise upon a broad base of clientele right in the middle of the bustling Highland town of Thurso. The business has no single trading dependency and enjoys income across all three traditional revenue streams of beverage sales, catering and accommodation provision.

On the food and beverage side, the exceptionally spacious Lounge Bar “No 16” enjoys a tremendous level of support from locals, tourists and business clientele alike. The Lounge is most comfortably furnished and has capacity for at least 60 seated covers internally, supplemented by a further 20 table covers set outside on an area of smart modern decking. An excellent range of draft beers, spirits, wines and minerals are on offer, these are complemented by a comprehensive and popular Bar Menu for diners. The high quality food and beverage operation combine with a welcoming staff and the smart, well equipped, modern facilities to give “No 16” a deservedly good reputation.

Whilst “No 16” offers a good choice of dining options the Red Pepper Restaurant, with 40 covers provides a more formal dining experience and more intimate ambience. Attractive down-lighting, smart hardwood floors and well-appointed furnishings create a fresh modern setting in which to enjoy the delights of individually selected dishes from the carefully planned a la carte menu. Meals are freshly prepared using locally sourced produce where possible, with a choice of fresh fish and shellfish landed locally at Scrabster Harbour. In addition to the Restaurant the Hotel has a further private Dining Room which proves popular for family celebrations, birthdays and business meetings where guests can enjoy the privacy of their own company. The Hotel boasts a dedicated family play area which proves to be highly popular.
The attractive public areas of the business help attract overnight visitors to the Hotel who are accommodated in seven comfortable en-suite Letting Bedrooms. The business community is highly active in the county resulting in a strong year-round demand for accommodation supplemented by tourists, sporting enthusiasts and the many other visitors who travel to the area.

The warm welcome offered today is reflective of this popular Hotel, yet is further enhanced by a smart range of contemporary facilities. The combination of a profitable business and the Highland location come together in this fulfilling and rewarding lifestyle opportunity. The busy town of Thurso sits on the far north east coast in the county of Caithness on the Thurso River estuary. Caithness has long been a Mecca for the fieldsports enthusiast. For salmon anglers, other than the renowned Thurso River itself, the rivers Wick, Forss, Halladale and Helmsdale are all a comfortable trip by car for those seeking a bit of variety. Not only does the area host this impressive range of top salmon rivers, it is a prime Scottish destination for wild brown trout angling. Lochs Watten, St Johns, Heilan and Toftingall are but a few of the fisherman’s favorite choices from a plethora of wild hill lochs. Sea fishing from Scrabster harbour offers an alternative to game angling, all these opportunities combine to offer year-round sport. Golfers are also well provided for with 18-hole courses at Thurso itself, nearby Wick and Reay. Caithness is an area rich in wildlife, home to herds of wild red deer, the otter and the Atlantic salmon amongst other species. Ornithologists are frequent visitors to the county, attracted by the golden eagle, hen harrier, peregrine falcon, short eared owl, numerous other birds of prey and both black and red grouse. Puffin on nearby cliffs, red throated divers on a hill loch or perhaps a corncrake sighting on a local farm are other attractions. Such are wildlife numbers that a sustainable cull of deer and sporting birds brings stalkers and shooters to the area, generally in the winter months. As for the tourist, there are lots of options. A day trip to Orkney, numerous sites of archaeological interest, the Castle of Mey to the north, Dunrobin Castle to the south or perhaps a day out to John O’Groats. The final income stream for the Hotel is driven by the thriving Caithness economy which includes the United Kingdom Atomic Energy Authority facility at Dounreay and adjacent site of HMS Vulcan which bring a large number of business travelers to the area. The nearby thriving harbour at Scrabster is another asset to the area bringing revenue from fish landings, commercial / cargo vessels and passenger liners. With an increased focus upon renewable energy the County has attracted various wind farms and is set to lead the field in tidal energy amidst the Pent land Firth. The present owners bought the Hotel in 2005 and began an ongoing refurbishment and renovation programme at that time. The investment in the structure and fabric of the building is clearly evident and improved facilities and infrastructure has in turn created a strong demand for the Hotel’s services and an excellent resultant turnover. The owners believe that there is additional scope for further expansion.

The Property
The Holborn Hotel is a semi-detached property of traditional construction. Stone built under a slate roof, the subjects are arranged over 3 levels.

Public Areas
From a prime central trading location the Hotel’s main entrance opens into the welcoming Reception Hallway facing the substantial Reception Desk. To the left is the spacious Lounge Bar “No 16”. The Bar has a smart modern feel to it, hardwood floors, modern down-lighting and an excellent range of comfortable seating. Widescreen TV’s with SKY satellite channels, gaming / trivia machines, a pool table and juke box provide entertainment. The large bar servery sits prominently to one end of the commodious bar area which has capacity for live entertainment or similar to the opposite end. Off the Bar is an outside area laid to neat decking. This provides 20 seated covers and a bespoke, covered smoking area. Internally the Bar has fully 60 seated covers, yet accommodates far more patrons on a busy evening. No 16 has the added benefit of separate main door access separating casual customers from Reception and other hotel operations. To the right off Reception sits the Red Pepper Restaurant and the Private Dining Room which is set to 16 covers. These are both furnished to a high standard and support a flexible range of dining options from a more intimate dinner for 2 to a private family dinner or function. Stairs lead up from the Reception Hallway to all 7 Letting Bedrooms.

Letting Bedrooms
The Hotel has 7 Letting Bedrooms to sleep 13 guests (2 triple, 1 double, 1 twin and 3 single.) These are all well-appointed and most comfortable with modern facilities. All bedrooms have modern en-suite shower rooms, central heating, tea/ coffee making facilities and colour TV. Six Bedrooms are on the first floor, one triple room is on the second floor.

Private accommodation
The proprietors do not presently live in the Hotel themselves. There is scope to reconfigure current accommodation to suit new owners. There is a disused room on the second floor directly opposite a triple bedroom currently used for letting. These rooms would offer self-contained owners accommodation with little impact upon turnover.

Service areas
The Hotel has a well equipped Kitchen with commercial catering capability and a fully vented extract system. There is a Wash-Up Area with commercial dish-wash system, Still Room and Laundry facilities. The Beer Cellar and Spirit Store are conveniently located at basement level below the main bar servery. The business has adequate storage facilities and a Laundry Cupboard on the first floor.

Mains electricity, Water supply and Drainage. Oil fired central heating, mains gas.

The subjects have an Energy Performance Certificate rating of ‘tbc’.

The business holds a license under the Licensing Scotland Act 2005. A copy of the operating plan will be made available to interested parties post viewing.

The Holborn Hotel is a profitable business with strong turnover. Full accounting information will be made available to seriously interested parties subsequent to formal viewing.

Wick 16, John O’Groats 19, Inverness 102. The main arterial A9 stretches from Inverness to Thurso on the north coast. The Hotel is easily found in the centre of town.

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