11 bedroom hotel for sale

5 Inverleith Terrace, Edinburgh, EH3

Offers Over £1,399,995

Property Description

Commercial information

  • Business for sale

Key features

  • Positive Customer Reviews
  • Highly Desirable Tourist Base
  • Private Function Area
  • Refurbished Victorian Property Licensed Lounge

Full description

Tenure: Freehold

Bruce and Co. are delighted to offer for sale a beautifully presented metro hotel situated in Edinburgh City Centre. The business has been awarded a 3* Metro rating by the Scottish Tourist Board and is highly rated on Trip Advisor where it receives positive reviews from previous guests. The business also features on several hotel booking sites where it receives exemplary feedback. The Hotel provides luxury modern bed and breakfast accommodation in a commanding property with elegant interior. The business has been under the very caring ownership of our clients for 15 years during which time they have carefully carried out substantial refurbishments throughout the entire property to a very high standard. They are reluctantly offering the business to the market due to their impending wish to retire.

The hotel enjoys a generous turnover and provides the owners with an excellent source of income in addition to a superbly presented property which can only be appreciated in full by viewing. The business enjoys high occupancy levels through numerous online channels and own website direct bookings which features highly in search engines and trades successfully all year round. Nearby there is a large office development and several large financial institutions and the hotel benefits from a large amount of business guests from these sources. Room service meals are provided but there is also great potential to develop a full restaurant. With the captive market of hotel guests, dinner bed and breakfast packages could also increase turnover.

The hotel has had a full hotel license for over 50 years and historically was operated as a full public house with rooms. Functions such as family celebrations have proven exceptionally popular as do weekend afternoon teas and this could easily be expanded with a little marketing.

Situated less than one mille to the north of the city centre. The area boasts an array of amenities that include a number of good local shops, restaurants, cafes and bistro's. Further amenities and supermarket shopping is available nearby. Many of Edinburghs highy regarded schools are within a short distance from the hotel.

The numerous historic and cultural attractions of Edinburgh's city centre can be enjoyed on a short bus or car journey from the hotel.

The business premises occupy an impressive mid-terraced building which is of Victorian style on one of Edinburgh's most desirable spots. The décor and interior has been thoughtfully planned and implemented by the current owners to an extremely high standard throughout, which is reflected in the previous reviews by guests and the 3* metro award received from the Scottish Tourist Board. The property is arranged over 4 floors and entrance to the building is straight from street which leads in to a large welcoming reception hallway. There is also a separate basement entrance and 2 dry lined under pavement cellars. The business benefits from a kitchen located close to the residents lounge which provides adequate facilities and space to cater commercially for residents at breakfast time, present functions and evening meal service.

The entire property has elegant furnishings and attractive décor. On the ground floor, once inside the reception hallway, guests are welcome to make use of the lounge Bar which is positioned to the left hand side at the rear of the building. Furnished traditionally, the lounge bar provides the ideal environment to unwind after a days sightseeing and offers a selection of malt whiskies, spirits and wines. The dining room, with covers for 24 can accommodate all residents in one sitting if required and features large windows offering plenty of natural light. The dining room and lounge are interlinked by a door way and can offer the ideal venue for small private functions. Some of the owners personal antiques will not be included in the sale.

The hotel offers 11 en-suite letting rooms and one managers room, all of which have either en-suite or private shower/bathroom facilities. Each guest room has been individually finished to an excellent standard and offer a high level of comfortable accommodation. The refurbished rooms vary in arrangement and can accommodate single guests, couples or families. Each room benefits from tea & coffee making facilities and colour television.

The present live-in manager benefits from private accommodation in one room which could be increased to 2 to form a small separate apartment with direct access to a small private garden. The private accommodation is located on the basement floor towards the rear of the property.

External
The property is positioned in a highly desirable area of Edinburgh, benefiting hugely from its close proximity to city centre attractions. Parking is available for a small fee on street for residents.

The property has mains water, drainage and electricity.

Tenure
The property is held on the Scottish equivalent of Freehold.

Licence
The business conforms to all fire regulations.

Trading Figures
Accounts are available on request after a formal viewing has taken place.

excellent standard and trades with an enviable reputation and client base. Early viewing of this business is essential!

Offers over £1,395,995 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

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

More information from this agent

Nearest stations

  • Edinburgh Waverley (1.0 mi)
  • Edinburgh (1.0 mi)
  • Haymarket (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

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 stations

  • Edinburgh Waverley (1.0 mi)
  • Edinburgh (1.0 mi)
  • Haymarket (1.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

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 43143. 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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