Self Catering for sale in Isle Of Skye

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Adam Warren (Jan 2017)
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Freehold Price: £450,000
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Business Description
ASG Commercial is delighted to announce the sale of Tigh Holm Holiday Cottages, a most desirable business and lifestyle opportunity set close to the charming and popular village of Broadford on the magical Isle of Skye. Situated just 6 miles from the Skye Bridge, this wonderful property provides an outstanding trading location with sea views, close to Ashaig beach. Situated on the A87, the business is strategically placed to benefit from those wishing to undertake an odyssey of the West Coast of Scotland.

This superb property has many attractive features to supplement its charming setting. Tigh Holm was built in 1990 and the 2 self-catering cottages followed in 1992. The 3-bedroom house offers all the comforts of a high quality and spacious residence. The current owners have significantly developed this attractive property since purchasing it in 2007 making it a most beautiful family home. The house provides a flexible and roomy living environment but also offers the potential to operate the master bedroom as a bed and breakfast letting room should new owners seek to generate a greater income. The two self-catering cottages offer an easy-to–operate business making this a true lifestyle operation. The letting cottages provide high quality and relaxing holiday accommodation. They are presented in excellent order with good quality décor, fixtures and fittings. The business offers flexible accommodation to suit a wide range of clientele whether they are families, couples, individuals or small groups. In addition to the excellent accommodation, the property has an expansive garage/workshop which could be used for a wide range of recreational and business uses subject to consents. Within the spacious grounds there is also scope to provide parking for motor homes or further development should new owners wish to consider such and after obtaining the necessary consents.

The business is presented to the market in walk-in condition and is ready to operate with no requirement for additional significant capital investment. The sale of Tigh Holm represents an exceptional opportunity for new proprietors to own a prestigious property and operate a charming ‘quality of life’ business in the heart of some of the most appealing scenery in the UK. The vendors have now brought the property onto the market to allow them to retire from the hospitality sector.

The vendors trade the business whilst one of the partners has separate employment. Therefore there is definite scope to generate further income where new owners were willing to adapt the trading model to shorter term lets; the current owners feel that changes to the dynamics of visitors to Skye can be taken advantage of in this respect as many are now looking for 2/3 night stays with a flexible start day. Operating year-round, the lion-share of the business is conducted during the main season (Easter to October), however, they also experience long term lets over the winter period. The business attracts a variety of tourists to include cyclists, mountaineers or those just enjoying a more leisurely holiday taking advantage of the natural beauty of the Island. Catering for groups, families and single travellers, the business has a well-maintained website plus utilises a range of other marketing forums generating a constant stream of customers. The cottages are let for weeks during the summer high season and for shorter periods in the low season. New owners could undertake shorter lets throughout the year which would increase turnover significantly. This would increase the work-load but the rewards would be more lucrative. The vendors trade below the VAT level and at a very leisurely pace which suits their lifestyle choices. New owners could, if so desired, drive the business more fully and develop the sites potential further.

The subjects would lend themselves to being developed further allowing for campervans. The large workshop could be utilised for a wide range of trading purposes or could be converted into accommodation subject to obtaining the necessary consents. Given that Skye is now considered the second most popular tourist area of Scotland after Edinburgh, there is undoubted expansion potential.

Tigh Holm is located on the A87 / A851 junction. The property is clearly signed and a tarmac drive leads to a spacious parking area. The property was built in 1990, is of modern construction set over two floors and is under a pitched tile roof. The grounds extend to circa 0.57 ha / 1.4 acres.

This charming detached house is of modern construction and is set over 2 stories. Entrance to the property is either via a double glazed door which leads into a spacious hallway or from the car port which leads into the kitchen. From entering the property the high quality décor is immediately noticeable and is reflective of the standard throughout the house.

From the front entrance and into the inner hallway, to the right is a spacious lounge which has a free standing multi-fuel stove on a Caithness slab hearth and attractive oak flooring. The oak flooring is a feature throughout many of the ground floor rooms. The lounge has double aspect windows offering a bright, charming and relaxing environment. From the lounge access is gained to the kitchen / dining room which is modern and well laid-out. With ample wall and floor mounted units the kitchen is well-appointed with a good selection of fitted equipment. This open plan room has an excellent family dining area. Off the kitchen is a study which in turn leads to the comfortable and spacious conservatory. There is a shower room off the main hallway and a snug utility area leading off the kitchen to the rear door. The property offers a great deal of flexibility and would suit a family occupation.

The three bedrooms on the first floor are all well-appointed with built in units. The master bedroom offers a large space with a high specification en-suite including a bath, separate shower, WHB and bidet. This sumptuous bedroom has patio doors which lead to a veranda which offers unobstructed views towards the hills. The current owners have a hot tub located here. A further attractive feature of the master bedroom is the sauna. This room would make an ideal deluxe letting bedroom and would command a high nightly tariff if used as such. The two other bedrooms are located off the main landing. There is ample storage throughout the house.

Attached to the house via a covered area which also houses the laundry and utility room, are 2 most attractive purpose built holiday cottages. Both cottages are similar in design, providing superb self-catering accommodation with the open-plan lounge, dining area and kitchen set to the ground floor with sleeping accommodation on the first floor. Each cottage has two bedrooms: 1 double and 1 twin. A well-presented family shower room is situated on the first floor. These cottages provide a spacious level of accommodation, are tastefully decorated and provide an excellent range of facilities.

A unique selling point of this attractive property is the large barn/workshop style building which extends to circa 108m2. This former carpenter’s workshop could be adapted to a wide range of uses including workshop, artist studio or activity centre. This aspect could be redeveloped into further accommodation units subject to planning and benefits from an office and a separate toilet facility.

The grounds extend to .57 ha / 1.4 acres and offer ample parking and recreational space. The land where the main house and cottages sit is decrofted; the land to the rear of the subjects is classified as croft land. To the front of the letting units is a guest external seating area with bench seats. There is a garden area to the side (which houses a greenhouse) and the rear of the property is laid mainly to lawns with some bushes. Between the main house and the cottages is a 2-car car port and built within this is a large utility and general room. A boiler room with a Megaflo boiler adds to the storage provision. Behind the industrial unit is further ground which would lend itself to being utilised as an area for mobile homes etc. subject to consents.

The subjects benefit from mains electricity and water with drainage to septic tank. The main house benefits from oil-fired central heating. The cottages have electric panel heaters. All accommodation units are fully double glazed.
Tenure: Freehold

Location Details:
Skye has recently be acclaimed as the second most popular tourist destination after Edinburgh. This accolade makes Skye a most dynamic location from where to operate a business. Tigh Holm is about 1 mile from the village of Broadford which lies approximately 7 miles north of the Skye Bridge. Portree, the Islands capital, is some 27 miles to the north. Secondary schooling is available in Portree with primary schooling in Broadford itself. Broadford provides excellent local amenities, including a supermarket, bank, church, builder’s merchants, 24 hour filling station, post office, several craft shops, hotels, bars and restaurants etc. Facilities also include a hospital and medical centre. Broadford has two piers which make it ideal for boats and other water sports interests. The area is an ideal and popular base for exploring the rest of the Island. Within the vicinity there is a wide range of activities that can be undertaken such as golf, guided mountaineering, cycling, nature walks and fly fishing to name but a few. Skye’s rugged Cuillin Mountains are known to walkers and climbers the world over. In addition there are many prolific hill lochs offering the angler an opportunity to catch spectacular native wild brown trout. In addition to tourism, the Island is highly popular with naturalists and ornithologists who find birds of prey, waders and a host of seabirds in the locality.

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Listed by: ASG Commercial
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