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Elgin, Moray
IV30 1BU
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9 Newton Place, Glasgow
G3 7PR
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Laide, Sand Laide, Achnasheen, Highland, IV22 2ND

£550,000Freehold

Key Information

Tenure:Freehold
Council tax band:Not available

Key Features

7 En-suite Letting Rooms
Bar & Restaurant
Excellent Reviews and Reputation
Fully Licensed
Outstanding Panoramic Sea Views
Prominently positioned on NC 500
Stunning Location
Substantial Plot – Suitable for further development
Tastefully Refurbished

Description

The sale of Ocean View Hotel is a rare and exciting opportunity to acquire a wonderful lifestyle business in one of the most stunning and beautiful locations on the NC500 with fantastic sea views. The business is exceptionally well performing and highly profitable even though it only operates for 5 months a year to suit the needs of the owners, who are now retiring from the trade. Viewing is highly recommended to appreciate the uniqueness and potential that Ocean View has to offer.

Occupying an elevated position on the NC500 with stunning panoramic sea views towards the Summer Isles is the Ocean View Hotel which has been tastefully refurbished and offered for sale in immaculate condition. Fully licensed the hotel has 7 en-suite letting rooms, a restaurant, bar, and great potential for expansion. The hotel sits on a large site of approximately 1.5 acres which offers a great opportunity to expand the hotel offering; possibly with the introduction of mobile pitches or glamping pods to capture more of the passing tourist trade that explore the NC 500 and what the immediate area has to offer.


The property has mains water, with drainage is to septic tank. Property has mains electricity, with EICR in place until 2027. Property has a wireless network covering the whole building. Freeview TV aerial to all letting rooms & games room. A Wireless L1/2 fire detection alarm also covers the whole building.


The property is held on a Scottish equivalent of Freehold.


Ocean View Hotel is a very profitable small hotel that is run to suit the requirements of the current owners. Full trading information will be released after formal viewing has taken place.


The sale of Ocean View Hotel is a rare and exciting opportunity to acquire a wonderful lifestyle business in the most stunning and beautiful locations fantastic sea views. The business is exceptionally well performing and highly profitable even though it only operates for 5 months a year to suit the needs of the owners, who are now retiring from the trade. Viewing is highly recommended to appreciate the uniqueness and potential that Ocean View has to offer.


Offers in the Region of £550,000 are sought for the heritable property. The fixtures, fittings and furniture (excluding items of a personal nature), are included in the sale.


An inventory will be compiled to detail all items of a personal nature excluded from the same. This will be available to all parties wishing to offer.



Arrange Viewing

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£2,894 /mo.25 Years, 5% Interest
Loan
£495,000
Total Repay
£868,116

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
£16,000
0% up to £150,000
1% between £150,000 and £250,000
5% above £250,000
Your effective LBTT is 2.91%

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