5 bedroom hotel for sale

Steam Inn, 1 Davies Brae, Mallaig, Inverness-Shire, PH41

Offers Over £499,995

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes, A4 Drinking Establishments and C1 Hotels

Key features

  • Recently refurbished 60 cover restaurant
  • Locally well supported Public Bar
  • Good turnover and strong adjusted EBITDA
  • Walk in Turnkey Business, 5 Letting Rooms
  • Extremely good and steady restaurant trade
  • Large well appointed beer garden to rear.
  • Ideally located in the pituresque town of Mallaig
  • Superb sea views over to the Isle of Skye
  • Final destination for the 'Way West Walk' from Fort William to Mallaig

Full description

Tenure: Freehold

Bruce and Co. are delighted to offer to the market this well presented small hotel which benefits from a combination of wet dry and accommodation trade.

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 primarily 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 room revenue is not reflected in the annual accounts.

The accommodation side of the business although trading well is still in its very early stages and with virtually no marketing taking place there is great potential to grow this element if the marketing is targeted at the many tourists which visit the area.

Mallaig is a town located on the west coast of Scotland, approximately one hour from Fort William. It 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.

This highly popular restaurant together with the public bar and letting 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 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.

There is a fully fitted commercial kitchen with all necessary equipment required for this type and quality of restaurant all of which is of a high standard and is relatively new.

The restaurant boasts seating 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.

Trading all year.

Staff
Owner run with full & part time staff.

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.

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 for the year ended 31/03/2016 and these will be made available after formal viewing has taken place.

More information from this agent

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

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

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.

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