Bed & Breakfasts for sale in Inverness

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Mr K. Hall (November 2016)
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Freehold Price: £310,000
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Business Description
CCL Property Ltd is delighted to offer for sale 5 Hill Street, a traditional 5 Bedroom stone built property situated within a friendly and central residential area of Inverness. Currently utilised as a self-catering house, the property in its current format encompasses 5 letting rooms and enjoys trade from both workers and tourists throughout the year generating an attractive investment yield. The accommodation is flexible and would suit a variety of accommodation uses.

Traditional stone detached townhouse
Self-catering holiday let accommodation
Strong trading figures and excellent margins
Convenient trading location
Well decorated and maintained
5 Bedrooms
Rear garden
Large garage
City Centre 0.2 miles
Offers over £310,000

The property is currently utilised to offer self-catering holiday let accommodation in the heart of Inverness, only 5min walk from the City centre. Available on extended or short term lets, the dwelling offers the conveniences of home from home living in a location that witnesses consistently high demand for such facilities. Trading throughout the year with exceptionally high occupancy levels, the proprietor generates an excellent rental return with high trading margins in an area that benefits from year round trade.

The hospitality industry remains a high value and sustainable sector in the area with Inverness being the gateway to many of Scotland’s major tourism destinations. Tourism is a key business sector in this vibrant City which overflows with visitors during the summer months attracted to the rich variety of places to visit and things to do both in and around the city. Demand for short, weekend and city break accommodation is high! Similarly a number of commercial developments across the energy, construction and tourism sectors have attracted a large number of workers to the area in search of employment and temporary accommodation. The property is ideally situated to take full advantage of both markets and meet that requirement as demand for affordable and suitable accommodation of this type in the area has soared and is likely to continue to do so.

This is a thriving business that is managed remotely and maintained through the use of a house keeper. The accommodation generates high numbers of forward bookings from return visits and repeat custom and due to its trading success, there is no requirement for the accommodation to be outwardly advertised with online booking facilities. An attractive income and investment opportunity is presented.
Tenure: Freehold

Location Details:
East of the river Ness, Hill Street is a quaint residential street 5min walk from the town centre, close to the local services, amenities, restaurants, pubs, theatre and the river Ness creating a prime location for trade. Ardconnel Street, Kingsmills Road and Midmills Road are all within the immediate vicinity and provide convenient routes around the City.

Inverness is the capital of the Highland’s and is the perfect base for exploring the surrounding area with its outstanding scenery, host of activities and historic landmarks. It also offers easy access to the coast, lochs, mountains and glens that help make the Highlands the most dramatic and scenic part of the UK. The City and the greater area boasts the most extensive and diverse tourist trade.

Inverness is an important centre for trade and commerce for the wider Highlands and Islands. Many new industries are now being attracted to the city, most notably renewables. It’s connected with the rest of Scotland by major trunk roads and rail services with the Airport providing daily flights to London, Europe and several other locations in the UK and Ireland.

Listed by: CCL Property Ltd
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