Offered for sale as a going concern, Heatherfield House provides that rare combination of a long established, highly regarded and profitable guest house business, combined with excellent owners’ accommodation and still with potential for further development.
Oban, the principal tourist town of Argyll and the unofficial capital of the West Highlands, supports a wide range of shops, restaurants, leisure and recreational facilities and professional services. There are primary schools, a high school, a leisure/sports centre and a general hospital as well as churches of various denominations. The thriving town has an attractive sea front and bustling harbour from which Caledonian MacBrayne ferries serve many of the Hebridean Islands. The town enjoys good transport links to the central belt of Scotland by road and rail and the airport at North Connel serves private and light charter aircraft.
Offered for sale as a going concern, Heatherfield House provides that rare combination of a long established, highly regarded and profitable guest house business, currently rated ‘9.4 Superb’ on Booking.com and ‘4.5 Excellent’ on tripadvisor, combined with excellent owners’ accommodation and still with potential for further development.
Pleasantly situated in a central yet quiet location with views over neighbouring properties to the seascape beyond, Heatherfield House is conveniently located for the town centre, leisure complex and other amenities and is within easy reach of public transport services.
The carefully maintained traditional property, which dates from around 1875 and was previously owned by John McCaig the philanthropic banker who commissioned Oban’s landmark McCaig’s Tower, was rewired and had a major roof overhaul in 2017, benefits from full double glazing with some recently renewed windows and has a combination of mains gas central heating and electric heating.
The very well presented letting accommodation which was recently extensively refurbished comprises 5 double rooms, of which 3 are king size/optional twins and 1 single room, all with en-suite or private bath/shower room facilities. In addition there is an elegant dining room which comfortably accommodates the 6 dining tables, soft seating and serving areas. There is also ample off-street parking for guests and owners.
The owners’ accommodation, which is arranged over both floors and is accessed separately from the guest rooms, provides a spacious lounge with multi-fuel stove, well appointed kitchen, family dining room, 2 double bedrooms, office/3rd bedroom, recently refitted shower room, toilet, utility room and store rooms.
Trading: As the current owners choose to trade to suit their own lifestyle requirements, there is scope to develop the business further and increase turnover and profitability. The popularity and success of the business is evident by its ‘9.4 Superb’ and ‘4.5 Excellent’ ratings on Booking.com and tripadvisor, respectively and the high percentage of bookings already confirmed for the current season. Average turnover for the three years to April 2018 was approximately £73,000 producing a net profit before finance charges last year of @ £42,000. Further financial information will be made available to suitably qualified enquirers. Contents: All trading contents are included in the sale. An inventory will be made available at the appropriate time.
Services: Mains water, electricity, gas and drainage. EPC Rating: F24.
Rateable Value: £5,450, eligible for 100% relief therefore currently no rates payable.
Council Tax: Band B.
Entry: By mutual agreement.
Guide Price: Five Hundred & Fifty Thousand Pounds (£550,000). Offers are invited and should be submitted to the Selling Agents.
Viewing: Strictly by prior appointment with the Selling Agents.
Money Laundering: Under Money Laundering Regulations we are required to carry out due diligence on purchasers.
Consumer Protection from Unfair Trading Regulations 2008.
The Agent has not tested any apparatus, equipment, fixtures and fittings or services and so cannot verify that they are in working order or fit for the purpose. A Buyer is advised to obtain verification from their Solicitor or Surveyor. References to the Tenure of a Property are based on information supplied by the Seller. The Agent has not had sight of the title documents. A Buyer is advised to obtain verification from their Solicitor. Items shown in photographs are NOT included unless specifically mentioned within the sales particulars. They may however be available by separate negotiation. Buyers must check the availability of any property and make an appointment to view before embarking on any journey to see a property.
Dawsons Estate Agents