Hotel for sale

1 Davies Brae - PH41

£474,995

Property Description

Commercial information

  • Business for sale

Key features

  • Recently Refurbished, 60 Cover Restaurant
  • Well Supported Public Bar
  • Fantastic Opportunity
  • Turnkey Business, 5 Letting Rooms

Full description

Description
Bruce and Co. are delighted to offer to the market this well presented restaurant bar with letting rooms, The Steam Inn. The property has been under our client’s ownership for 7 years although they previously owned four business in 2002-2005. The current vendor has carried out impeccable recent refurbishments to an excellent standard at an estimated cost of £120k. This truly is a turnkey business opportunity which has reluctantly been placed on the market due to health reasons. Since the refurbishment the business trades very successfully which shows in the figures and the projections for next year which are testament to the work the existing owners have put into the business. We have been informed that turnover is derived from food sales from the restaurant and wet sales from the bar. Additional income is generated from accommodation sales in the 5 letting rooms however no turnover figure is currently available for this. The accommodation side of the business although trading well is still in its very early stages and with virtually no marketing taking place this side of the business has the potential to grow massively if targeted to the many tourists which visit the area.

Situation
Mallaig is a town located on the west coast of Scotland, approximately one hour from Fort William. Mallaig is a popular tourist destination, and serves as a port for the small isles and Skye, operating eight ferries per day during the summer season. The town also benefits from being the stopping point of the 'hogwarts' steam train, as used in the Harry Potter films. The train runs from Fort William to Mallaig twice per day in the summer season, bringing 300 passengers twice daily to Mallaig. Mallaig is surrounded by five caravan parks and is the final destination for the 'Way West Walk' from Fort William to Mallaig. The area also benefits from a marina and The Steam Inn sits prominently on Davies Brae over-looking the harbour. The property is just a two minute walk from the harbour and from the train station. There is ample on street parking surrounding the business.

Building internal
This highly popular restaurant/bar with rooms occupies a well-positioned detached building, ideally located in the heart Mallaig. The premises are surrounded by a variety of residential and commercial properties and the business enjoys high footfall and receives much passing trade due its excellent position in the centre of the village. The entrance to the restaurant is from the front and the property boasts lots of glass windows providing ample natural light and scenic viewing from the dining area. The restaurant is furnished to a high standard with high black leather cushioned seats around the walls and stylish wooden tables and chairs. The bar in the restaurant is an attractive aspect of this sale with a stone effect bar and granite tops making this a stand out feature along with the original stone fireplace. The restaurant boasts covers for 60 in total and there are female and gents WC facilities for customers as well as disabled and baby change facilities. Entrance to the public bar is from the front. The public bar, along with the remainder of the property is stylishly finished to a very high standard and features stone effect walls and stone bar along with comfortable low lying leather sofas to create a snug bar area. The property also boasts a fully fitted commercial kitchen with all necessary equipment required for this type of business all of which is of a high standard and is relatively new.

Trading Hours
Trading all year.

Staff
Owner run with full & part time staff.

Letting Accommodation
Letting accommodation is located directly above the business premises in the form of 5 spacious guest rooms. The letting rooms along with the rest of the property are finished to a high standard and all feature en-suite facilities. The rooms are currently configured as 3 doubles and 2 singles all of which benefit from either sea or harbour views.


Staff Accommodation/Owners Accommodation
The business also benefits from owners accommodation which is located above the business and is accessed from a separate entrance from the rear. Owners accommodation is an attractive feature of the business with kitchen, lounge, bathroom and 1 large double en-suite bedroom with windows to the front offering harbour views and windows to the rear giving sea views over to the Isle of Skye.

Building External
The property occupies an excellent trading position. The front of the property looks straight to street and there is ample parking available in and around the town as well as on street parking directly outside. The large beer garden is located to the rear with wooden picnic benches on a paved patio area and this area also benefits from sea views over to The Isle Of Skye.

Services
The property has mains water, drainage and electricity.

Trading Figures
Accounts available after formal viewing has taken place.

Summary
This is a superb opportunity to purchase a true turnkey business which is trading very well already and shows signs of being very successful. Early viewing to appreciate this beautiful property are essential!

Price
Offers over £474,995. Stock in trade will be additional at valuation.

Tenure
Freehold.

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.

Call to Action
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 314 0660.


Nearest stations

  • Mallaig (0.1 mi)
  • Morar (2.5 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 stations

  • Mallaig (0.1 mi)
  • Morar (2.5 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 44056. 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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