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14 bedroom hotel for sale

Letterfinlay Lodge HotelLetterfinlay,Spean Bridge,PH34

Under Offer £650,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

On the instructions of David K Hunter & Derek Forsyth, Campbell Dallas, Joint Administrators of Premier Developments Lochaber Limited.

INTRODUCTION

The recipe for success adage of "location location location" cannot be more applicable than when applied to the Letterfinlay Lodge Hotel. This former shooting lodge simply has one of the best trading locations, for a country hotel property, in the Highlands. The dramatic and stunning elevated position overlooking the beautiful Loch Lochy, part of the Great Glen/Caledonian Canal, is fantastic in itself. However, from a trading prospective the hotel's roadside location alongside the main A82 road - that links Fort William to Inverness and is part of the "Road to the Isles" - ensure the hotel is highly visible to a year round flow of passing trade.

The Letterfinlay Lodge Hotel was purchased in 2006 by a local development company. In the intervening period they have significantly renovated, refurbished and upgraded Letterfinlay to create a touch of affordable luxury in this spectacular, dramatic and popular location. This continued in 2015 with the creation of Whisky Lounge and the opening of Ospreys Seafood Restaurant - the continuing investment in the property shows the sellers belief in the trading potential of Letterfinlay Lodge Hotel.

The involvement of the owning company in property development, elsewhere, has resulted by necessity in the owning company being placed In Administration. Letterfinlay Lodge Hotel, with its already well established business is a wonderful opportunity for new owners to take over this exciting business in a sought after locality and enjoy not only the wonderful highland lifestyle but also the "fruits and rewards" from operating the business which still has further scope for growth.

THE PROPERTY

The Letterfinlay Lodge has its principal accommodation over 2 main levels, plus lower ground, as follows.

PUBLIC AREAS

From the car park the hotels' main entrance leads into the Entrance Hallway where there is a reception counter. Immediately to the right, via an inner lounge, is the spectacular Ospreys Seafood Restaurant (60), with bar servery, and from where the restaurant takes full advantage of the open picture window views over Loch Lochy and from where there is access to the Osprey Sun Deck - a terraced balcony perched overlooking Loch Lochy. Off the main Restaurant is a private Dining Room (18). To the left of the hallway is the newly created Whisky Lounge, 2 adjoining rooms with three quarter wall panelling, one with open fireplace with brick surround. From the Whisky Lounge it leads to the Conservatory Lounge where there is also a pool table.

LETTING BEDROOMS

14 Letting Bedrooms to sleep 30 (1 Suite; 8 Double; 2 Twin; 3 Family) All of the rooms have ensuite facilities (5 Bath with shower; 9 Shower only) All of the rooms are attractively decorated and furnished with 12 rooms at first floor level and 2 rooms (inc the suite with private balcony) are at lower ground level.

SERVICE AREAS

Main commercial kitchen with wash up area alongside. Associated cellars, stores, pantry, laundry, etc.

STAFF ROOMS

4 en suite staff bedrooms (3 ground floor; 1 first floor).

OUTSIDE

The Letterfinlay Lodge Hotel is on an elevated site which slopes to Loch Lochy. There is ample car parking included with the hotel. There is a clay pigeon trap located under the Osprey Deck which allows a fantastic backdrop for hotel clay pigeon shoots.

(NOTE: Neighbouring third party owners have a right of vehicular access over the hotel's car park).

SERVICES

Highland Council (Tel: 01463 702000). Mains electricity. Private water supply. Private drainage. Oil fired central heating and electric heating.

LICENCE

Premises Licence.

WEBSITE

www.letterfinlaylodgehotel.co.uk

( Look at the "A Birds Eye View of our Hotel" video link on the website home page or use this link - http://youtu.be/dgcxkmB6gqc )

2016 LISTINGS

VisitScotland - Listed.
No.1 TripAdvisor Hotel in Spean Bridge area.
Osprey Seafood Restaurant TripAdvisor 6 out of 12 in Spean Bridge area.

TRADE

Based on trading accounts to March 2016 it is expected that annual turnover will be around 500,000 (net).

(NOTE: This will include income generated from the adjoining Lodge House which is not included in the sale of the hotel. The Lodge may be available for lease or purchase, by separate negotiation.)

Trading accounts will be made available to genuinely interested purchasers, preferably after viewing.

PRICE

Offers around 650,000 for the freehold (heritable feuhold/outright ownership) property complete with goodwill and trade contents (according to inventory) excluding personal items. Stock at valuation.

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

Spean Bridge 8 miles, Fort Augustus 15, Fort William 17, Inverness 49, Skye Bridge 60, Perth 100.

See location map for directions.


Energy Performance Certificates (EPCs)

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