Hotel for sale

Royal Dunkeld Hotel, Atholl Street, Dunkeld, Scotland, PH8 0AR

£925,000

Property Description

Commercial information

  • Business for sale

Key features

  • 35 bedroom former coaching hotel
  • Village centre location, close to River Tay
  • Sales in excess of 700,000 pa, net of VAT
  • Bar, bistro, restaurant, two functions rooms
  • Characterful historic property
  • Loan may be available via Christie Finance, subject to status. Energy Rating F

Full description

Tenure: Freehold

Description

A Listed building (category B), a four floor stone built property with attic rooms. The entrance to the hotel is off the main street and leads into Woodlands Bistro (30). The main bar comfortably seats 37 and leads into the games room. This also gives direct access to the courtyard garden.

Location

Situated in the centre of Dunkeld Village, 15 miles north of Perth and on the banks of the River Tay. Located mid-way between Perth and Pitlochry it lies just off the main A9 Perth to Inverness road with easy access to the motorway for both Glasgow and Edinburgh. To the north lies Pitlochry, a major destination for tourists visiting Scotland.

Internal Details

The function rooms comprise: The Royal Suite, the residents lounge, doubles as a small function room (30) and the Menzies Suite (70).

Ground Floor

The Larches Restaurant, a split level trading area (70).

Other Floors

Reception, office, catering kitchen, dry goods store, laundry room, store room, still room, staff room, pot wash, walk in fridge/freezer and staff WC.

Fixtures & Fittings

Fixtures and fittings are owned outright and included in the sale.

Biomass system

The hotel benefits from a new biomass heating system. This will eventually provide effectively free heating and hot water for 12 years from 2021 when the heating system will have been fully paid off, and significantly increase the profit margin recorded.

Letting Accommodation

Situated over three floors in the main building, together with a further 10 rooms in the annex. On the first floor there are 8 double/twin rooms plus 2 family rooms. On the second floor there are 7 double/twin rooms with 3 family rooms and on the third floor there are 2 family rooms and three double/twin rooms.

External Details

To the rear is a courtyard annex which provides budget style accommodation suitable for groups, backpackers and walkers. There are 10 rooms within the annex all of which are double/twin bedded and eight are currently let. The remaining two are for the owner's use. There is also a double garage. The courtyard garden is popular with alfresco dining comfortably (60). Also to the rear lies the hotel's private parking for 25 vehicles.

Owner's Accommodation

There are 5 staff rooms, 3 singles and 2 twins. There is also a manager's bed sitting room with a lounge together with two separate bathrooms.

The Opportunity

The hotel is a member of Recommended Hotels and is seen as a destination venue particularly for weekend business. They also get spin off from Dunkeld with its unique cathedral attracting many weddings throughout the year to the area, from which the hotel benefits. Throughout the year there is strong repeat business from fishing and golfing groups, as well as shooters many of which are from overseas.

Staff

The business operates with approximately 10 full time members of staff as well as part time staff as and when required.

Trading Information

Trading accounts supplied to us by the vendor show sales for the year to 30 April 2017 of over £700,000 net of VAT, producing a 72% GP. Full trading accounts will be made available to interested parties after a formal viewing has been arranged.

Business Rates

The rateable value is £53,500 for the year commencing April 2017.

Regulatory

The business trades with the benefit of a Premises Licence. The EPC was prepared prior to the installation of the Biomass system.


More information from this agent

Nearest station

  • Dunkeld & Birnam (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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 station

  • Dunkeld & Birnam (0.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 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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