Restaurant for sale

The Oyster Inn, Connel, Oban, PA37 1PJ

Offers in Excess of £995,000

Property Description

Commercial information

  • Business for sale

Key features

  • Prominent roadside location
  • Glue Pot Bar
  • Oyster Inn Restaurant
  • 16 letting rooms
  • Owner's apartment
  • Sea views. Energy Rating G

Full description

Tenure: Freehold

Description

The Oyster Inn is a renowned 4-star rated Inn which is formed by an original Coaching Inn built in the 18th century. The hotel has been extended over the years and now forms a substantial two storey property. The original property is of traditional stone construction with modern extensions including a large conservatory style restaurant at ground floor with letting rooms above. The pub is known as The Glue Pot and is popular with locals and tourists. The restaurant is very busy in the summer months and serves locally caught seafood.

Location

The Oyster Inn is located on Scotland's West Coast and occupies a prominent position on the A85, one of the busiest tourist routes in Scotland, some 5 miles north east of Oban. Picturesque views over Loch Etive are provided with the business situated a short distance from the magnificent Connel Bridge, which forms part of the A828 leading north to Fort William and beyond. Oban is known as The Seafood Capital of Scotland and the Gateway to the Isles, offering regular ferry sailings to a number of the Western Isles.

Ground Floor

The Glue Pot is a traditional bar with central servery surrounded by moveable seating with an open log burning fire to the rear. The central reception area also leads to the Oyster Inn restaurant contained within the ground floor of a conservatory style extension with outstanding views over Loch Etive. The restaurant can cater for up to 100 covers and also benefits from a small private dining room which is also used for serving food for function buffets. A fully fitted commercial kitchen is also provided at ground floor. Cellarage accommodation is situated to the rear of the Glue Pot bar and to the rear of the restaurant bar.

Fixtures & Fittings

The fixtures and fittings and equipment are included and are free from loan, lease or hire purchase.

Letting Accommodation

A total of 16 letting bedrooms are provided in the property. 5 'bunk rooms' which are named after local hills are provided to the rear of the ground floor. These are used for groups and families and are classed as budget accommodation and are all en suite. The first floor is accessed from the central reception area and provides 11 high quality en suite letting bedrooms and a laundry. Each bedroom is named after either single malt whiskies and local lochs.

External Details

The property benefits from a surfaced car park to the front of the building as well as a large private car park to the rear. External decking with tables and seating (36) is provided to the front of the restaurant conservatory with views over Loch Etive and a 'beer garden' (32) also provided to the rear of the Glue Pot bar in a courtyard area.

Owner's Accommodation

A two bedroom manager's apartment with sea views is provided above the original property.

The Opportunity

The Oyster Inn has been privately owned since 2000 and is currently run under management. Over the years the property has undergone a complete refurbishment and is presented to an excellent standard throughout, benefitting from a 4-star Visit Scotland rating. The business can be sold on a share sale or an asset basis.

Staff

A full complement of staff is provided and will be transferred with the sale of the business as a going concern.

Trading Information

Full accounting information will be provided to seriously interested parties after formally viewing the property. Turnover of circa £700,000 net of VAT was recorded in 2017 with an EBITDA in the region of £160,000.

Trading Hours

The Glue Pot bar is open daily from 11am until midnight, with the restaurant trading 7 days a week but generally closing during the winter months, with food continuing to be served in the Glue Pot.

Business Rates

The Rateable Value (2017) is currently set at £50,500.


More information from this agent

Nearest stations

  • Connel Ferry (0.4 mi)
  • Oban (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Glasgow

4th Floor 46 Gordon Street, Glasgow, G1 3PU

0141 392 0902 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

  • Connel Ferry (0.4 mi)
  • Oban (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Glasgow

4th Floor 46 Gordon Street, Glasgow, G1 3PU

0141 392 0902 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 6846587-fh. 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 Christie & Co , Glasgow. 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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