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8 Albany Street, Edinburgh
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Loch Eck, Dunoon, Argyll and Bute, PA23 8SG

£750,000Freehold

8

Key Information

Tenure:Freehold
Council tax band:Not available

Key Features

Historic Country Inn
8 Letting Rooms
Immaculately Presented and Fully Refurbished
Previous Planning Permission for 8 Chalets
c.14 acres
3 Bedroom Chalet
200m Shoreline

Description

The Whistlefield Inn, a historic 1663 property in Argyll and Bute, Scotland, offers stunning Loch Eck views. Just 12 miles from Dunoon and 90 minutes from Glasgow, it provides a convenient retreat. Though not currently trading, it features a restaurant, snug, dining room, eight ensuite rooms, and a bunkhouse. With planning permission for expansion, it offers multiple revenue streams. This charming inn combines history and natural beauty, presenting a rare investment opportunity with growth potential.

The Whistlefield Inn, a charming and historic gem, is nestled in the picturesque landscape of Argyll and Bute, Scotland. Built in 1663, this Category C listed building offers a unique blend of history and natural beauty, making it an ideal investment opportunity. Located just 12 miles northwest of the vibrant town of Dunoon, the inn provides breath-taking panoramic views of Loch Eck and is only a 90-minute drive from central Glasgow and Glasgow Airport. This prime location makes it a convenient retreat for both locals and international visitors seeking a peaceful escape.


The surrounding area is a haven for outdoor enthusiasts, with opportunities for hiking, fishing, and exploring the nearby Argyll Forest Park. Guests can enjoy the tranquillity of the countryside while being close to local amenities such as shops, supermarkets, and leisure facilities in Dunoon. Additionally, attractions like the renowned Benmore Botanical Gardens, historical castles, and secluded beaches are within easy reach.


Although currently not trading, the Whistlefield Inn is fully equipped and ready to resume operations, offering a diverse range of income streams. The property includes a 40-cover restaurant and bar, a private snug for 12 guests, and a private dining room for 24 guests, all supported by a well-equipped commercial kitchen. This setup allows for a robust food and beverage operation, attracting both hotel guests and local patrons. The inn also features eight ensuite letting rooms and a bunkhouse, catering to a variety of guests, from tourists to business travellers. The previous planning permission for eight three-bedroom chalets, along with a large area of land suitable for further development, offers substantial potential for expansion, including additional chalets or glamping pods.


The Whistlefield Inn's business model can leverage multiple revenue streams, including room bookings, dining, events, and potential development of additional accommodations. This combination makes it an ideal lifestyle business opportunity with the potential for year-round income. The main restaurant, located at the rear of the property, provides stunning views over the grounds and Loch Eck. Recently refurbished, the restaurant is tastefully decorated and furnished with wooden tables and chairs, accommodating up to 40 guests. It features a cosy fireplace, adding warmth and ambiance to the dining experience.


Adjacent to the main hallway is the 'Snug,' a comfortable and intimate space ideal for families or private functions, accommodating up to 12 people. The 'Green Room,' another exquisite public area, is a lounge furnished with comfortable couches and chairs, complete with a real coal fire, serving as a dining room for larger private parties, accommodating up to 24 guests.


The Whistlefield Inn boasts eight well-appointed letting rooms, with six located on the first floor of the main building, including three doubles, one triple, and one superior double with breath-taking views of Loch Eck. Each room has been recently refurbished to a high standard, featuring en-suite facilities, 32-inch LCD TVs, and hospitality trays. Two additional letting rooms at the rear of the property offer uninterrupted views of Loch Eck, also well-presented with modern amenities.


Adjacent to the main building is the bunkhouse, a traditionally built stone structure offering versatile accommodation options. It includes a large manager's apartment with an open-plan design and four extra bedrooms, providing excellent additional income opportunities. Additionally, there is a modern chalet with stunning views of Loch Eck, ideal for private owner's accommodation or additional letting. The chalet includes three bedrooms, a large open-plan kitchen diner, and a living room, offering a versatile and comfortable living space.


The Whistlefield Inn is a rare opportunity to acquire a historic property with significant potential for growth and development, set in one of Scotland's most beautiful regions.

Trading Information
Not being sold as a going concern and there is no accounting information available.

Services
The property has mains electricity and water. Cooking by LPG. Drainage to sceptic tank.

Tenure
Scottish equivalent of freehold

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ3,946 /mo.25 Years, 5% Interest
Loan
ÂŁ675,000
Total Repay
ÂŁ1,183,795

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
ÂŁ26,000
0% up to ÂŁ150,000
1% between ÂŁ150,000 and ÂŁ250,000
5% above ÂŁ250,000
Your effective LBTT is 3.47%

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