Hotel for sale

The Brae Hotel, Brae, Shetland, ZE2 9QJ

Offers Over £995,000

Property Description

Commercial information

  • Business for sale

Key features

  • Detached 35 bed hotel
  • Function room (100 seated, 120 standing)
  • Popular public bar
  • Restaurant
  • Staff accommodation available
  • Energy Rating G

Full description

Tenure: Freehold

Description

The hotel is a detached two storey property overlooking a small bay, in the community of Brae on Shetland. This is a popular hotel with contractors, being close to the Sullom Voe Oil Terminal and has 35 bedrooms, function room and popular public bar.

Location

The community of Brae is situated on the main Shetland island, approximately 23 miles north west of Lerwick, the Shetland Islands' main population centre. The Shetland Islands are situated 150 miles north of the Scottish mainland in the North Sea. One of the North Sea's first and largest oil terminals, Sullum Voe, is located only 15 minutes drive north of the hotel and as such is extremely popular with contract workers. The community of Brae is located 44 miles north of Sumburgh, the island's principal airport. The main ferry terminal with services to Kirkwall and Aberdeen, is situated in Lerwick. Loganair provides regular flight services to Shetland from Aberdeen, Edinburgh, Glasgow, Inverness and Manchester.

Internal Details

The hotel is accessed via an entrance vestibule including an internal automatic sliding door, which leads to an open plan reception lounge with check in desk. Accommodation includes:

Reception Lounge, Snooker Room, Restaurant (50), Cocktail Bar (20), Public Bar - The Northern Lights, Commercial Kitchen, Function Room (100 seated), Cellar and Laundry Room.

Ground Floor

The ground floor also includes two separate rooms which are both leased to unrelated third parties. Adjacent to the front entrance door is a small beauty therapy room, trading as Shetland Therapy Rooms. There is also a small single room to the rear of the restaurant at ground floor which is let to the Post Office as a sorting office, with separate access provided to the side elevation. This room is only utilised between 7.00am and 8.30am on a daily basis.

Fixtures & Fittings

All fixtures and fittings required for the on-going operation of the hotel will be included within the sale as a going concern.

Letting Accommodation

The hotel has a total of 35 letting bedrooms. Nine are located on the ground floor and include an accessible en suite room, with 26 bedrooms situated on the first floor. All rooms are fitted to a similar standard throughout with en suite bathrooms, colour televisions and tea and coffee making facilities. There are two single rooms, six double rooms and 27 twin rooms.

External Details

A surfaced car park is available to the immediate front of the hotel, with additional parking available at the side of the property to include an accessible parking space.

Other Property

To the rear of the hotel there are five houses, currently occupied by staff members. The accommodation includes two semi-detached two storey properties and three single storey semi-detached properties. The properties are owned outright by the proprietor of the hotel.

The houses are also available for sale via separate negotiation. Each house has three bedrooms, lounge, kitchen and bathroom. Further details, to include asking prices and photos, are available on request.

The Opportunity

The Brae Hotel trades as a well maintained 3 Star hotel with excellent occupancy rates throughout the year. The business is extremely popular with both tourists visiting the island and commercial contractors being close to Sullom Voe Oil Terminal, one of the main oil terminals serving the North Sea oil fields.

Staff

The hotel is fully staffed and all staff will transfer over under TUPE legislation.

Trading Information

The hotel recorded annual turnover to the year end 31st March 2018 of £818,282 net of VAT. Full trading accounts will be made available to seriously interested parties once a formal viewing has been organised.

Business Rates

The Rateable Value (2017) is £69,000.

Regulatory

Premises Licence.


More information from this agent

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?

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Map & Street View

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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