Development Sites for sale in Wick

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  I had the first inquiry within a week and my second inquiry led to the sale of my business!  

Katie Crompton (Sept 2017)
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Freehold Price: £215,000 Price Reduced
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Business Description
DESCRIPTION
Quayside is a substantial property comprising a number of individual units combining to make an attractive business. The building has a significant footprint with many flexible features and has to be viewed to appreciate how the various units blend together. There is scope to operate as both a B&B and self-catering business and this would depend on how new owners would like to operate. Quayside benefits from its location both in ease of access and parking as well as the beautiful views on offer over the harbour.

The property is presented in a sound state of repair providing a turn-key operation for those wishing to operate as a hospitality business. Although not offering breakfast at the moment, the business is fully fitted out and new owners could commence operations immediately. Historically the business
traded fully as a B&B and enjoyed a mix of clientele from tourists and holidaymakers to both businessmen and workmen who are operating in Wick and surrounding area. This was a very profitable business and one easily managed by owner operators.

The subjects could also be considered as commercial development project with great potential and flexibility for a number of uses such as office space, light industrial etc.

The property comprises spacious owner’s accommodation and bed and breakfast accommodation comprising of 5 private bedrooms, 2 self-catering en-suite guest bedrooms, three separate shower rooms plus a spacious dining kitchen, separate dining room and lounge. In addition there are 2 self-contained flats which could be ideal for long-lets or holiday let’s meaning that the property is fully equipped to carry our B&B and Self Catering operations simultaneously. An attractive feature of the sale is that the individual units are accessed privately and there is a spacious courtyard area, a large workshop and garage, with a large heated store room. This area is ideal for storing push bikes and motorbikes etc and allows secure access for guests doing the North Coast 500, this private parking area with locked courtyard is very attractive.

REASON FOR SALE
The Owners of Quayside have retired, and now run this business on a care and maintenance basis only, taking very limited bookings for accommodation but enough to cover the costs of running the building until it sells. However for the right minded person this is an opportunity, which has tremendous potential for further business development in the newly developing Wick Harbour area. All letting rooms and the 2 Flats are fully equipped with all bedding, furniture and fittings included. It is the largest B&B in Wick and has a Harbour frontage, which is currently undergoing a £10M renovation.

TRADING ELEMENTS
The current owners trade Quayside to suit their own personal lifestyle choice. At the present time income is derived from letting 2 en-suite bedrooms, and the two self-contained flats. The accommodation is let to self-catering guests and this is where the current owners see an enduring requirement for demand due to the on-going visitor accommodation requirement in the region. The North Coast 500 route is popular and there is no doubt that Wick has seen a positive impact from the increased number of visitors to the area. Living at Quayside for some 30 years and having traded for 20 years, the vendors have now vacated the owner’s accommodation. It is their desire to sell the business and fully retire. Income is purposely maintained at a modest level but new owners could derive a higher level of income from trading the vacant units. All trading areas including the large workshop and garage are presented to a good standard.

QUAYSIDE BED AND BREAKFAST
The Bed and Breakfast is mainly set over three floors in a ‘U’ shape around a secure courtyard.

GROUND FLOOR
Access is gained from two separate entrances to the front aspects plus a further access via the courtyard. Upon entry via the guest door is a hallway which leads to stairs and the first floor. An internal door leads to a further hallway which has an attractive spiral staircase plus a further door leading to ground floor accommodation. A hallway leads to two bedrooms. Bedroom 5 is a self-contained room with a double bed and benefiting from kitchen facilities and a shower room. Opposite is Room 6 which is also a large self-contained room with a double bed and a bunk bed, kitchen / dining area and en-suite shower room. A further shower room is situated along this corridor and is set aside for owners use. The corridor continues into a large utility/laundry room which includes 2 washing machines, 2 tumbler dryers, 2 fridge freezers, 1 chest freezer and a Rotary Meile Iron. This room is well-appointed, and provides access via a staircase to the first floor.

FIRST FLOOR
The first floor provides a spacious living area plus some trading aspects. There is a large lounge / sunroom which overlooks the courtyard. Off the rear hallway there is an external raised decking platform. From the lounge, access is gained to the spacious kitchen which is set with a dining table. The kitchen benefits from modern wall and floor mounted units offering plenty of storage. The double (5 ring and two ovens) Rangemaster cooker and other white goods are included in the sale. Off the kitchen is the dining room with a gas fire which benefits from views across the harbor. A door leads to a hallway giving access to a double bedroom, a store room and three shower rooms. Stairs lead to the ground and second floor.

SECOND FLOOR
The second floor contains 4 bedrooms; 2 doubles and 2 singles. These rooms offer flexible accommodation either as letting bedrooms or for private use. There also is a heated linen cupboard.

QUAYSIDE FLATS
QUAYSIDE FLAT 1
This self-contained flat is a spacious letting unit. Situated off the rear hallway the flat has views over the courtyard. A well-appointed kitchen and dining area leads into a bright and attractive lounge. The flat benefits from a large double bedroom and en-suite shower room.

QUAYSIDE FLAT 2
Accessed from the courtyard via a ground floor hallway, stairs lead to the first floor. This spacious 2-bedroom self-contained unit has a spacious open plan kitchen / dining room / lounge with views to the courtyard. The two bedrooms are set to doubles and share a spacious shower room.

Both flats are fully furnished and all furniture fittings and fixtures are included.

THE PROPERTY
The original property was constructed around the 1800s and is mainly of stone construction under a pitched slate roof; there are some newer sloping roof areas. Only by viewing will purchasers be able to grasp the substantial footprint Quayside offers along with the undoubted development potential. An attractive feature of the sale is the very large workshop located off the utility room which would make an ideal studio either for arts and crafts production, as an office facility or a wide range of other uses. The workshop has a ‘wide-door’ access into the courtyard, and is provided with a dedicated 440V 3Ph 50 Hz supply. Access to the courtyard is via an arched access off Rose Street and is secured with two large gates. The courtyard itself is laid to concrete/Caithness Flagstones and offers a large and secure utility space either for parking or recreation depending on owner’s requirements. A large garage provides parking for 2 vehicles and has a separate large heated storage room.

PLANS & DIMENSIONS
A set of indicative plans and room dimensions are available upon request to the selling agents.

SERVICES
The property has all major mains services (electricity, gas, water and drainage. The property is double glazed, other than the workshop and utility/laundry room. Wifi and Satellite TV are provided.
Tenure: Freehold

Location Details:
Set within the popular town of Wick with attractive Harbour frontage, Quayside property portfolio boasts an excellent location to take advantage of the growing and major business developments underway and planned in Wick and surrounding areas. Projects such as the ,Beatrice Offshore Wind Farm site which is located 13.5 km (at its closest point) from the Caithness Coast in the Outer Moray Firth; the proposal is to install up to 110 turbines. Others include new nuclear archive, the HVDC Cromarty Firth Project and associated Country wide substation infrastructure. These along with other local projects are creating a requirement for business premises and short term accommodation within the town.

Downloadable Documents

Listed by: ASG Commercial

Find out more about this business opportunity.

 
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Quayside
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