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28 bedroom hotel for sale

Balmacara HotelBalmacaraKyleHighlandIV40 8DH

Offers Over £520,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

INTRODUCTION

A well known landmark on the A87 coast road close to Kyle of Lochalsh and the Skye Bridge, the Balmacara Hotel caters to a wide variety of trade off this busy road including tourists from home and abroad, businessmen, holidaymakers and the local community. In recent years the hotel has been completely refurbished and modernised, whilst retaining a certain elegant charm, to meet the demands of todays traveller. The hotel comprises 28 individual ensuite bedrooms, cocktail bar, coffee lounge, restaurant and a public bar with its own separate entrance, car parking.

As the main coast road and the Iinverness road meet that from Kyle of Lochalsh a few miles to the east of Balmacara, it is understandable that this final stretch of road from Balmacara to Kyle of Lochalsh is one of the busiest in the Highlands. The strategic location on this road of the Balmacara Hotel makes it a natural choice for chance custom that is one of the great strengths of the business. The quality of the setting, the excellent facilities of the hotel and the magnificent views across Loch Alsh to Skye and the hills above Glen Elg attracts visitors for long and short stays. The Royal Navy diving school at Kyle of Lochalsh is another important source of business.

The vendors purchased the Balmacara Hotel in 2004 and have spent lavishly to create a comfortable and modern hotel with a universal appeal attracting business from an eclectic range of custom throughout the year. This presents a wonderful opportunity for potential purchasers to acquire an immaculate well established and rewarding business in one of the most attractive and sought after areas of Scotland.

THE PROPERTY

Of traditional construction of local stone under a slate roof with more recent additions. The property is attractively and freshly painted and has accommodation arranged on ground and first floor levels.

PUBLIC AREAS

Entrance from the forecourt and car park into the Entrance Hall with Reception Desk. Off the entrance hall is the cocktail bar. In common with other main public rooms, the cocktail bar enjoys fine views over Loch Alsh. The main hotel restaurant has an elegant Victorian theme and is also used for functions for up to 100 guests. The coffee lounge is also used for breakfast. Public bar with its own separate entrance.

LETTING BEDROOMS

28 Letting Bedrooms to sleep 50 (13 twin, 9 double, 6 single). All bedrooms have ensuite facilities, 25 with bath and shower, 3 with shower. The bedrooms are equipped with direct dial telephone, colour television with satellite connection and tea/coffee making facilities. Some bedrooms have central heating radiators - 6 have electric heating. WiFi available throughout hotel.

STAFF ACCOMMODATION

There are 4 bedrooms, bathroom and kitchen in the hotel for occupation by staff.
There is a flat behind reception comprising lounge, one bedroom, kitchen and bathroom which is occupied by the hotel manager.

OUTSIDE

2 areas for car parking for approximately 45 cars and coach.

SERVICE AREAS

Well equipped hotel kitchen with ancillary areas including wash up area with dishwasher, walk in chill, various stores including dry goods and spirits store, beer cellar, laundry and boiler room.

SERVICES

Highland Council (01463 702000). Mains water, electricity and drainage. Bulk propane gas for cooking. Partial central heating provided by 2 oil fired boilers.

LICENCE

Premises Licence.

WEBSITE

www.balmacarahotel.co.uk

TRADE

Balmacara Hotel trades on a seasonal basis from April to October with custom from a range of pre-booked travel trade, quality coach tours as well as private visitors and holiday makers. Extracts of the trading accounts for the year ended 31st October 2015 show total hotel turnover of 448,823 (net of VAT) with an achieved EBITDA profit in excess of 120,000. The seller advises the excellent trading results are being sustained in season 2016, subject to verification. Accounts will be made available to genuinely interested purchasers, preferably after viewing.


PRICE

Offers over 520,000 are invited for the freehold (heritable feuhold/outright ownership) hotel property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

ADDITIONAL PRIVATE HOUSE

A separate modern house adjacent to the hotel which comprises an open plan kitchen/dining room, conservatory style lounge, 4 bedrooms, 2 attic rooms. There is a large lounge on the first floor which takes full advantage of the spectacular vista. The house is available by separate negotiation, at offers of 340,000.

OFFERS

All offers should be submitted to Colliers International with whom purchasers should register interest if they wish to be informed of closing dates.

FINANCE

Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW

All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

DIRECTIONS

Take the A87 towards Kyle of Lochalsh and the Balmacara hotel will be found on the right hand side as you travel through the village of Balmacara.


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