83 bedroom hotel for sale

Caledonian Hotel, Quay Street, Ullapool, Ross-shire, IV26 2UG

Offers in Region of £900,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

The Caledonian Hotel - reputedly the oldest hotel in Ullapool - will have its origins in the late 19th Century but in the intervening 100 years or so the hotel has been extended significantly to provide the 83 enuite Bedrooms and a range of spacious public areas, bar and restaurants, catering principally to a large volume of tourists - private, travel trade and coaches - who visit this North West corner of Scotland/the UK. The hotel occupies a prominent corner location in the centre of Ullapool within an easy "stroll" of the waterfront and harbour side with its fishing boats and ferry terminal.

Ullapool is situated on a small peninsula projecting out into Loch Broom thereby creating a natural port which is also the main ferry terminal for the Outer Hebrides. Wester Ross is a stunningly dramatic and beautiful part of Scotland with towering mountains and golden sandy beaches and from an Ullapool base there are many trips to take and sights to be seen, including the renowned Botanical Gardens at Inverewe. Adding to this, Ullapool is on the NC500, with the town an increasingly popular stopping-off point for those savouring Scotland's answer to "Route 66".

The Caledonian Hotel is currently owned by an investment and property company based in the South East of England. They acquired the Caledonian Hotel in August 2005 as part of a major investment in Scotland and the north of England. A review of current and future operations has identified the hotel as being "surplus to requirements" and the owners now wish to concentrate their resources on other activities. The hotel now trades on a seasonal basis (March-November appx) and is run entirely under management. As well as trading principally to the tourist custom, over a long main season, the hotel provides an important facility and venue for the local community and commercial trade operating in the North West Highlands.

THE PROPERTY

The Caledonian Hotel will have its origins in the late 19th Century but in the intervening years there have been many contemporary additions. The principle accommodation is on three main levels as follows.

PUBLIC AREAS

The hotels main entrance leads into the spacious reception Lounge area, with reception desk and office space behind, which connects with a range of Lounges, in the conservatory area, and the Resident's Bar. Leading off the lounge is the hotel's principle dining room - Mackenzie's Restaurant (150) mainly used as the residents dining room but also can be utilised as a function room . Access from the reception lounge, or with its own street entrance, is the Caley Inn. This provides for residents and non-residents, alike, an excellent casual food and beverage facility. Alongside the bar is the former bistro, now leased as a gallery shop.

LETTING BEDROOMS

83 Letting Bedrooms to sleep 150 (17 double, 44 twin, 19 single, 3 triple). All bedrooms have en suite facilities, colour TV and tea/coffee facilities.

STAFF ACCOMMODATION

2 bed manager's flat in hotel. Staff house at rear with 12 bedrooms.

SERVICE AREAS

There is an extensive range of service areas including 2 commercial kitchens with supporting ancillary areas, various stores, laundry etc.

OUTSIDE

Car parking and coach parking at the rear for 40 cars. At the rear there is an additional building, formerly use for staff accommodation but currently not fit for purpose.

SERVICES

Highland Council, Inverness ).
Mains water, electricity and drainage. Bulk LPG gas.

LICENCE

Premises Licence

WEBSITE



TRADE

Trading accounts for the year ended 30 April 2019 show total turnover of £985,573 (net of VAT).
Trading accounts will be made available to genuinely interested parties, preferably after viewing.

PRICE

Offers around £900,000 plus VAT for the "freehold" (heritable feuhold/outright ownership) property complete with goodwill and trade contents (according to inventory), excluding personal items, stock at valuation.

OFFERS

All offers should be submitted to Colliers International with whom purchasers should register interest if they wish to be informed of closing dates.

FINANCE

Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW

All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.


Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
06 June 2019

Nearest station

  • Achanalt (21.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Colliers International (Hotels), Edinburgh

1 Exchange Crescent, Conference Square, Edinburgh, EH3 8AN

0131 291 0011 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

  • Achanalt (21.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Edinburgh

1 Exchange Crescent, Conference Square, Edinburgh, EH3 8AN

0131 291 0011 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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