- Fantastic opportunity to purchase thriving self-catering business in the heart of Inverness
- Highly profitable lifestyle business with opportunity to expand
- Attractively priced business to interest the right purchaser
- Leasehold of 2 profitable premises on a flexible basis
- Generous rent-free period of 6 month included
- Business can be split by property if desired
This represents a fantastic opportunity for anyone looking for a highly profitable business opportunity in Inverness. The business is run to an exceptionally high standard and the systems and controls in place make it ideal to take over at any time in the season. Currently 2 separate properties are being made available for leasehold purchase. These properties have been run as self-catering apartments for several years and have a very strong trading history.
These properties have been run as self-catering apartments for several years and have a very strong trading history.
The properties are finished to an exceptionally high standard and the quality of the finish can only be fully appreciated by viewing. The current owners continue to invest ensuring that the properties are maintained to a high standard resulting in the attractive business proposition on offer.
Location
Inverness is the commercial and administrative centre for the Highlands of Scotland. It is a vibrant city with a population in the region of 50,000 and a geographical shopping catchment area spanning 10,000 square miles, with a potential catchment population of around 200,000. Within the holiday season, the city attracts many thousands of visitors who come to experience the Highlands in all its glory. Inverness has extensive facilities for residents and visitors boasting three golf courses, a theatre (Eden Court), an excellent indoor swimming complex, two cinemas, ten pin bowling and ample opportunity to enjoy an evening’s entertainment at a range of venues. Inverness is a busy tourist destination with its population vastly increasing during the main tourist season. Whether it is a whisky trail, a boat trip on Loch Ness or a visit to one of the many accessible Scottish castles, the properties are ideally situated to catch the eye of the many tourists who choose to visit. Inverness is a vibrant and growing City and with such expansion comes many opportunities in both commerce and social activities.
Accommodation
The lease of the following two properties are offered immediately with the potential to have further opportunities in the future:
32 Riverside Gardens
This property is of modern construction and located close to the River Ness. It consists of lounge, kitchen, 2 double bedrooms (one with king-sized bed and the other with 2 single beds). There is also an option to have a single sofa bed set up in the lounge. Guests benefit from a bathroom and ensuite shower room. There is also free designated parking.
2 Wellingtonia Court
This property is of modern construction and located close to the River Ness. It consists of a kitchen / lounge area, bathroom with shower and double bedroom. There is also an option to have a single sofa bed made up in the bedroom. The entrance to the property is from a private garden, which includes a drying area. There is also free designated parking.
Terms
Each property benefits from mains electricity, double glazing, drainage and water. Each property has gas central heating which can be remotely controlled. Each property has internet access and Wi-Fi.
ACCOUNTS
Details of trading figures will be provided to serious interested parties subsequent to viewing.
LEASEHOLD TERMS
The lease of properties to be agreed between parties. It is anticipated that a full repairing lease with lease terms of 5-10 years will be offered. In principle, the Seller is willing to offer the first 6 months rent free. Outline heads of terms will be provided to serious interested parties
TRADE
Grant Luxury Properties, Inverness has a unique trading identity with a highly attractive website (www.grant-inverness.co.uk) which can take bookings. This is supplemented by marketing on popular portal websites such as Booking.com. The Booking.com reviews are strong at an average of 9/10. The business operates with a flexible 3 night minimum stay. The owners currently restrict the rental of these properties to fit their lifestyle choice. Inverness benefits from a strong commercial infrastructure growth and as such, during the off-season November to March excellent opportunities arise via visiting contractors. These bookings regularly result on Monday to Thursday leaving weekends available for visiting tourists. As a result, there is the opportunity to significantly increase turnover and profit levels, should that be desired.
The owners have confirmed that they will assist in the training of the purchaser and ensure that they are fully abreast of the systems that are in place.
Specification
EPC RATING
The EPC rating of each of the properties is as follows:
32 Riverside Gardens – has an EPC rating of C81, dated 2016
2 Wellingtonia Court – has an EPC rating of C74, dated 2016
RATES
The rateable value of each of the properties is as follows:
32 Riverside Gardens - £2,600 as of 1st April 2023
2 Wellingtonia Court - £1,100 as of 1st April 2023
The new owners of the business could benefit from 100% discount under the Small Business Rates Relief scheme, where eligible.