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Tormaukin House, Glendevon, Dollar, Perth and Kinross, FK14 7JY

£1,200,000

13134

Key Information

Tenure:Not available
Council tax band:Not available

Key Features

Fully licenced
13 Refurbished letting rooms
Historic former Drovers Inn dating back to 1720
Prime location close to renowned Gleneagles
Versatile business model
Successful events venue

Description

Nestled in the heart of Glen Devon, near Dollar in Perthshire, Scotland, Tormaukin House presents a rare opportunity to acquire a stunning country property with a rich history dating back to the 1720s. This former drovers inn has been thoughtfully modernised to offer a perfect blend of rustic charm and contemporary comfort, making it an ideal investment for those seeking a versatile rural business venture. Prime Location Situated just minutes from the world-renowned Gleneagles Golf Course, Tormaukin House enjoys an enviable position in one of Scotland's most sought-after areas. The property is surrounded by the breathtaking beauty of the Ochil Hills and nearby reservoirs, providing endless opportunities for outdoor pursuits and scenic walks. The nearby town of Dollar offers a range of local amenities, including shops, cafes, and essential services, whilst the prestigious Dollar Academy is within easy reach for families seeking top-tier education. Excellent Connectivity Despite its tranquil setting, Tormaukin House boasts superb transport links. The A823 provides quick access to larger towns and cities, whilst Edinburgh Airport is merely an hour's drive away, offering both domestic and international connections. This prime location makes the property an attractive base for exploring Scotland's rich history and natural wonders, with popular destinations such as Stirling, Perth, and the Scottish Highlands all within comfortable driving distance. Versatile Business Opportunity Tormaukin House has recently undergone a successful transformation from a traditional hotel to an exclusive-use venue, offering guests the unique experience of 'hiring their own country inn'. This innovative business model has proven highly lucrative, attracting a diverse clientele for family gatherings, celebrations, and bespoke events. The property is marketed through popular platforms such as Airbnb, Cottages.com, and Group Accommodation, ensuring a steady stream of bookings throughout the year. Impressive Accommodation The property offers 13 recently refurbished letting bedrooms, all doubles with en-suite facilities, televisions, and drinks facilities. The main building houses seven rooms, with four in the adjoining stable block and two in a permanent timber chalet. A separate timber lodge provides additional accommodation, perfect for owner's use or as a self-catering option. Exceptional Entertaining Spaces Tormaukin House boasts a range of charming reception rooms, including a Front Bar with exposed stone walls and open fireplace, a spacious Dining Room seating up to 60 guests, and a modern Conservatory Restaurant. The intimate lounge and former Breakfast Room offer additional dining space, showcasing the property's original features such as exposed stone walls and timber panelling. Well-Equipped Facilities The property features a professional hotel kitchen with ancillary areas, including a still room, preparation room, and walk-in freezer. Additional service areas include a manager's office, laundry room, and staff room, ensuring smooth operations for any hospitality venture. Tormaukin House represents a unique opportunity to acquire a piece of Scottish history with proven business potential. Whether continuing its successful exclusive-use model or reverting to traditional hotel operations, this charming property offers endless possibilities for the discerning investor seeking a slice of rural Scottish paradise.

Tormaukin House is a charming country retreat nestled in the picturesque Glen Devon, near Dollar in Perthshire, Scotland. This historic property, dating back to the 1720s, offers a unique blend of rustic charm and modern comfort, making it an ideal destination for both tourists and those seeking a tranquil rural lifestyle. The house is conveniently located just minutes away from the world-renowned Gleneagles Golf Course, attracting golf enthusiasts from around the globe. The surrounding area boasts stunning natural beauty, with the Ochil Hills and various reservoirs providing ample opportunities for outdoor activities and scenic walks. Local amenities can be found in the nearby town of Dollar, which offers a range of shops, cafes, and essential services. For families, the prestigious Dollar Academy, one of Scotland's top independent schools, is within easy reach. Transport links are excellent, with the A823 providing quick access to larger towns and cities. Edinburgh Airport is approximately an hour's drive away, offering domestic and international connections. The property's proximity to popular tourist destinations like Stirling, Perth, and the Scottish Highlands makes it an attractive base for exploring Scotland's rich history and natural wonders.

Tormaukin House is a charming and versatile property located in proximity to Gleneagles, Scotland, which has evolved its business model over time to adapt to changing market demands. Historically, the property operated as a traditional hotel and inn, featuring 12 letting bedrooms and catering to hotel residents, passing trade, and local patrons. Its reputation attracted guests from around the world, particularly from the USA and Europe, drawn by its picturesque rural setting and proximity to renowned golfing destinations like Gleneagles.

Eighteen months ago, Tormaukin House transitioned from a hotel with a successful restaurant into an exclusive-use venue under the concept of “hiring your own country inn for the night.” This shift allows guests to enjoy the property as a private holiday home or event space, with additional options for catering and bar services. The venue is now marketed through booking platforms such as Airbnb, Cottages.com, and Group Accommodation. It has become a popular choice for family gatherings, birthday celebrations, rural-themed stag parties, and weddings, offering bespoke packages tailored to each event.

The business operates with a small core team of three staff members who manage bookings year-round, supported by a flexible bank of events staff when required. Guests can enhance their experience with optional services such as bar stocking or private dining provided by the restaurant or a personal chef. This exclusive-use model has proven highly successful, leveraging the property's unique charm and flexibility while maintaining its appeal as a destination for both leisure and special occasions. For prospective owners, Tormaukin House presents opportunities to either expand its current exclusive-use offerings or revert to its historically successful hotel operations.
The Property, originally a drovers inn dating from around 1720, is of stone construction, externally rendered and painted under a pitched slate roof. The structure has been enhanced with a range of modern extensions, and the accommodation is arranged over ground and first floor levels.

Upon entering the property, guests are welcomed into the entrance hall and reception area. To the right, the Front Bar boasts exposed stone walls, an open fireplace with stone surround, and a flagstone floor. An archway leads to the Back Bar, which in turn connects to the spacious Dining Room. This area, capable of seating 60 guests, features exposed ceiling timbers, stone walls, and an open fireplace. Adjacent to this is the Conservatory Restaurant, a modern extension with a vaulted timber ceiling and polished wooden floor, offering seating for approximately 30 covers.

To the left of the entrance hallway lies an intimate lounge, which leads through to the former Breakfast Room. This space, accommodating around 40 covers, is divided by a central open fireplace and showcases exposed stone walls and timber panelling.

The property boasts 13 recently refurbished letting bedrooms, all doubles with en suite facilities, television, and drinks facilities. Seven of these rooms are situated in the main hotel building, four in the adjoining stable block, and two in an impressive, permanently built timber chalet at the rear of the hotel. Currently, the owners utilise the two chalet bedrooms as family accommodation, and two letting bedrooms serve as storage. Consequently, the hotel presently operates with 10 letting bedrooms.

A timber lodge building located to the rear of the hotel provides spacious additional accommodation, comprising a lounge/dining room, two en suite bedrooms, and a brand new kitchen. While currently used as owner's accommodation, this could potentially serve as self-catering accommodation or staff quarters.

The service areas include a well-equipped hotel kitchen with ancillary areas such as a still room, preparation room, wash-up area with dishwasher, walk-in freezer, and various stores. The first floor houses a manager's office, additional storage, a laundry room, and a staff room.

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ6,003 /mo.25 Years, 4.5% Interest
Loan
ÂŁ1,080,000
Total Repay
ÂŁ1,800,897

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
ÂŁ48,500
0% up to ÂŁ150,000
1% between ÂŁ150,000 and ÂŁ250,000
5% above ÂŁ250,000
Your effective LBTT is 4.04%

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