Restaurants for sale in Portree

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Exceptional Restaurant / Bar / Café Opportunity on Isle of Skye

Portree, Highland, Scotland

  • Freehold Price: £380,000
Seller Reference: Caroy House
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Business Description
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Seller Reference: Caroy House
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Business Description
• Stunning ground floor property within a most prominent trading location central to the ever-popular tourist centre of Portree on the Isle of Skye.

• Currently non-trading but offering a superb and modern café / restaurant proposition.

• Previously trading year-round, the bar has a contemporary feel whilst maintaining traditional character.

• Located to the centre of Portree close to other amenities and within strong presence offering excellent branding.

• Public parking to the front of the building.

Caroy House is a stunning property located in the heart of Portree offering a most prominent trading location. This highly attractive and substantial ground floor restaurant / bar / café has a significant footprint. The original property dates from late 1800s. The business elements are perfectly situated to meet the high demand from tourists for accommodation and food service on Skye. The business is presently closed but would offer the capacity to trade year-round with the lion-share of income being generated from April to October. The extant model provides a simple trading platform which would be ideally suited to a hands-on owner-operator.

The restaurant / bar / café can comfortably seat 60 covers in two distinct areas which have been developed to an exceptionally high standard. These customer areas are supported by excellent bathroom facilities. The restaurant has been furnished with high-end quality fittings throughout which will be included in sale.

Caroy House is presently not trading but had an established trading history, operating to a high level of turnover; this is a potentially strong performing business in a highly sustainable location. This property sits within the centre of Portree overlooking the main square with parking immediately to its fore and long-stay parking just a short walk away. The business generated the bulk of its turnover during the main season from April to October but with a strong prospect of consistently sound activity during the low season. The business previously operated on a restaurant and bar trade basis, with solid trade activity throughout the day and evening. Due to the premises central location, a breakfast service could be offered to further maximise income. The trading elements are presented to a high standard with excellent customer facilities. The fixtures and fittings throughout are of an exceptional standard. The restaurant and bar areas can comfortably cater to 60 covers. The business was popular with both locals and visitors alike with solid reviews on TripAdvisor. Caroy House has a website which is currently not being displayed.

There are no employees to transfer with this acquisition but historically, staff have been drawn from within the local community.

The current owner has owned the business since 2016 when a full renovation took place, they began trading in July 2018. Due to a change of personal circumstances and a desire to focus on other career prospects, the vendor has made the decision to sell this highly desirable property.

The Isle of Skye, or in Scots Gaelic 'Eilean A Cheo' meaning Misty Isle, is located on the north western coast of Scotland and is a world-renowned holiday destination for a great number of reasons, appealing to a wide range of visitors. Portree is the cultural hub for Skye, and the largest settlement with a population of about 2500. During the season the town’s population swells many times over with the influx of tourists etc. The name of the town comes from the Gaelic Port-an-Righ, which translates as "King's Port" and dates to a visit by King James V, plus a fleet of warships, in 1540, to persuade the island clans to support him. Portree is a bustling port and a thriving cultural centre, and was also the place where Bonnie Prince Charlie spent his last days in Scotland. Among the attractions of Portree is the award winning Aros Centre which incorporates an exhibition capturing the drama of Skye's history. The centre is also the access point for walks in Portree Forest. Portree has an abundance of interesting shops and is a must-see location for those visiting the Isle of Skye.

Skyes rugged Cuillin Mountains are world renown to walkers and climbers. Visitors are drawn to the spectacular Trotternish Ridge to the north as this wild area is dominated by astonishing rock formations such as the Old Man of Storr, Kilt Rock and the truly extraordinary pinnacles of the Quaraing. Fishing, water sports and genealogy are constant attractions along with breath-taking scenery, castles, distilleries and a Highland welcome.

The influence of the sea is also never far away (you are never more than 11 miles from sea) with sea fishing and a wide range of other water sports available on Skye, (including diving and kayaking) Wildlife cruises sail from various locations from which you might be able to spot seals, lovable otters, great golden eagles or even rare and mighty sea eagle

Portrees active port is set around a natural harbour framed by high cliffs, is a centre of activity used by fishing boats and cruise ships, as well as pleasure craft. Portree benefits from excellent leisure facilities including a swimming pool, pony-trekking and boat cruises plus plenty of shopping opportunities in addition to the great variety of cafes and restaurants, all of which are in easy walking distance. There is primary and secondary schooling within the town.

Of traditional stone construction, built in the late 1800s, the property is a substantial detached 3-story villa under a pitched slate roof with modern flat roof extensions to the rear aspects. This sale comprises only of the ground floor trading elements. The building exudes a character and charm, blending modern facilities with historic external character. The main entrance is accessed from street level leading through a vestibule into the main trading areas.

Ground Floor
Throughout, it is evident that the current owner has expended a great deal of time effort and finance to develop the ground floor trading elements to reflect the high standards of provision that the modern and discerning tourists seek from their holidays. From the reception hallway, a 'U' shaped trading space splits the business into two distinct customer areas. To the right of the entrance is the contemporary bar servery which benefits from an array of modern lighting etc. To the rear of the bar is the recently refitted refrigerated cellar with a python cooling system plus further storage with an external door which facilitates ease of delivery of kegs etc. To the front aspect of the property are large picture windows affording excellent natural lighting. There is a mix of free-standing tables and chairs plus in-set window seats to comfortably seat over 30 covers.

The restaurant area is set to the left of the entrance lobby and has a lovely solid fuel stove and feature fire surround which provides a lovely ambience on the cool spring and autumn nights. Similar to the bar, there is a mix of free-standing tables and chairs and in-set window seats plus a number of bench seats set to the walls. The restaurant has a lovely wood floor which balances with the modern lighting and contemporary décor and can comfortably seat up to 30 plus covers also. Modern ladies, gents and disabled washrooms are provided to the rear aspects and are presented to a superlative standard.

To the rear of the restaurant is the spacious kitchen and service areas. There is ample storage on the ground floor to support the trading elements.

There is no dedicated owner’s accommodation allocated within this property.

There is enclosed side access to the bar at one side and the kitchen at the other; this is where bins are stored etc. For the avoidance of doubt, the land to the rear aspect does not belong to the restaurant.

The business benefits from mains electricity, water and drainage. LPG gas is used for central heating and cooking. Heating is supplemented with an open solid fuel fire in the restaurant. The heating system in place is specified to supply fully to the functioning ground floor. The property is fully double glazed. The trading elements are fully fire safety and EHO compliant; the fire system is modern and meets modern standards. The building has Wi-Fi.
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