Substantial Hotel In A Unique Trading Location On The Tranquil Isle Of Tiree Offering Superlative Coastal Views for Sale
Scotland-Highlands and Islands
Freehold : £ 355,000
The Hotel was the first inn offering accommodation on Tiree which originally opened in 1801. With a prominent trading location on the shore facing the mainland with views across Scarinish old harbour, the Hotel is an impressive building with a commanding presence.
One of the Inner Hebridean islands, Tiree is twenty-two miles west of the nearest point on the Scottish mainland.
A true lifestyle, home and income opportunity which would ideally suit a couple but would also offer growth potential via external investment.
Trading profitably on strong and sustainable mixed trade but with considerable potential for further growth. Eight good quality bedrooms and two bedroom owners’ accommodation. Set within grounds with excellent development potential subject to planning consents, and with further adjacent land available by negotiation.
The sale of Scarinish Hotel offers a quality business opportunity within a highly enviable setting. However, the business has yet more potential to raise turnover and therefore profitability.
The traditional origins of Scarinish Hotel are reflected in both the character of the property and the welcoming atmosphere enjoyed by its wide range of patrons. The Hotel was the first inn offering accommodation on Tiree which originally opened in 1801. With a prominent trading location on the shore facing the mainland with views across Scarinish old harbour, the Hotel is an impressive building with a commanding presence. This substantial property is set in an idyllic setting within its own grounds. The business generates much of its income during the summer months when the population of the island is greatly increased by the influx of owners occupying their holiday homes and tourists visiting the island. However, the Hotel is supported throughout the whole year by a strong corporate market during the working week. The business trades on the three traditional income streams of wet sales, food and accommodation with the sales mix approximately 45%, 30% and 25% respectively. The business is actively marketed through its own website and the Discover Tiree website. Marketing is also conducted through Caledonian MacBrayne’s various advertising channels.
The Hotel specialises in locally sourced produce such as crab, lobster and scallops taken from the clear blue waters around the island and Argyll beef, lamb and venison.
One of the Inner Hebridean islands, Tiree is twenty-two miles west of the nearest point on the Scottish mainland. The Island is generally very flat, being just over 10 miles long, 5 miles at its widest point with a 46 mile long coastline walk. Its name means ‘the land of corn’ but it has been described variously as ‘a raised beach’ and ‘the land below the waves’. Enjoying a mild climate, it has some of the highest levels of sunshine recorded anywhere in the British Isles. It benefits from the moderating influence of the Gulf Stream ensuring that frost is rare and evenings in mid-summer are warm and balmy.
The business operates as a destination venue and is presented in good order, with a number of charming features. The present owners offer services and facilities with the aim of providing a stress-free environment in keeping with the relaxed way of life enjoyed throughout the island. The bulk of the annual income is generated during the main season which runs from Easter to October and the Hotel operates at full throttle during the months of July and August. Clientele is drawn from a number of sources giving a year-round trading platform.
During the summer months the Hotel attracts a high number of tourists who come to the Island for a great many reasons. Tiree is without doubt a most tranquil setting for those who just want peace and quiet within a natural setting. The Island boasts a number of sandy beaches which are brilliant white and with few trees there are uninterrupted views towards the islands of Rhum, Skye, Jura and North Uist. This coupled with the reputation as being one of the sunniest places in the UK gives Tiree an enchanted atmosphere. The Iron Age crannogs and brochs on the Island provide an insight into its’ rich history as does the Viking and Gaelic heritage. Music, song and poetry have been long associated with Tiree and this draws considerable interest from visitors. For bird-watchers Tiree offers a variety of habitats to observe a vast array of birds including ducks, geese, swans, gulls, terns, lapwings, snipe and the elusive corncrake to name but a few. The flora and fauna of the Islands are well documented and the island is a magnet for naturalists. Tiree has a varied history and many of its previous inhabitants left to forge new lives in the ‘new world’ which has left a legacy for many genealogists to discover their family history on the island. Tiree has a strong reputation for being one of the most popular windsurfing resorts in the UK and attracts a great many enthusiasts each year. It also affords those wishing to enjoy walking a varied number of routes.
The current owners purchased the hotel in 2003 and to date they have enjoyed the lifestyle that self-employment at the helm of a successful business affords. .
The sale offers an excellent opportunity for new proprietors to continue and expand the business, capitalising upon the trading strengths of Scarinish Hotel itself, the locality, and the perennial appeal of the Isle of Tiree.
The vendors are selling the business to afford them the opportunity to retire and accept that younger motivated owners could drive the business to greater prosperity.
Dating from 1801 the main part of the Hotel is of traditional construction and stands in its own grounds affording seaward views. The subjects comprise a number of extensions from circa 1967 with some flat roofing, some of which has been recently renewed. Access to the subjects is via a tarmac driveway. Some improvements are needed to the property but it is understood that grants may be available to facilitate such, and the current proprietors would be pleased to assist any owners with accessing such.
The Hotel entrance is directly to the front of the building through double-glazed doors leading into a corridor that opens into the reception area with a modern reception counter. This brightly illuminated area has hardwearing Karndean flooring which extends into the restaurant which is immediately accessible from the reception hallway. The restaurant can comfortably accommodate 60 seated guests and offers unrivalled views across the Old Scarinish Harbour and beyond. This bright and spacious area has a nautical theme and is easily supported from either the main public bar or the Marie Stewart lounge bar for drinks service. It has its own music system and in the centre is a dance floor which can be brought into use for functions and music nights. The Marie Stewart Lounge bar is utilised as an overflow for diners in the peak season but is a quiet location to take a pleasant pre-dinner drink. It is serviced by both male and female WCs. The public bar is a comfortable and well appointed facility. It has a darts board and a large screen TV. With a long service counter and a well stocked gantry, it is well supported by both visitors and the local islanders with impromptu ceilidhs, live music and karaoke featuring throughout the year, the pinnacle of which is the annual Tiree Music Festival during the month of July. An adjacent cellar room and store room provide the necessary back up for the bar. The public bar as its own separate access and has independent WC facilities.
On the first floor is the Upper Deck Lounge which is comfortably furnished and offers guests an inspiring view over the Old Harbour. Recently re-glazed, to a high standard and with its own small bar this is a truly amazing space, renowned throughout the island which can be used as a residents’ lounge, meeting space, cocktail party venue, stargazing or storm watching platform!
Picnic benches outside the public bar and outside the restaurant share the tranquil sheltered space overlooking the Old Harbour during the summer season. These are always popular with hotel patrons during the long summer days.
The Hotel has 8 spacious letting bedrooms with a capacity for 19 guests, all with en-suite or private facilities (3 doubles, 2 twins, 2 king-size and 1 single room). Two bedrooms can be configured to take families. Bedrooms are comfortable, attractively furnished and benefit from colour television and tea/coffee making facilities. Many of the rooms have stunning views out to sea. The Hotel is Wifi enabled throughout.
At present the owner’s accommodation is a two-bedroom flat on the first floor with a private bathroom and a lounge with sea views. There is a staff chalet to the rear of the premises and with complete renovation can provide a shower room, living room and kitchen facilities with a single and twin bedroom.
The Hotel has an excellent commercial kitchen and adjacent washing-up space / still room which are well-equipped and in good order. There is a large food storage area which houses fridges and freezers adjacent to the kitchen. To the side of the kitchen is a small enclosed porch which acts as a delivery point for kitchen goods. To the rear of the property are a number of utility and storage rooms that provide adequate space as laundry and workshop areas. Across the main entrance hallway is a waiter’s room which enable excellent service to the main restaurant. This room has been used as a breakfast room in the past and could be used as a coffee shop or food service area once more. The boiler room is also located to the rear of the building and houses an oil fired boiler. There is a large linen storage room on the first floor.
The Hotel is a substantial property and has a large area available for further development. Additional land with a number of building footprints is also available by negotiation. Such subjects have sufficient grounds to indicate that there is some development potential either for additional letting accommodation or dwellings subject to the necessary consents. There is car parking for approximately 10 cars to the front of the hotel.
The Hotel benefits from mains electricity and water. New private drainage is currently being planned by the vendors. An oil fired boiler provides hot water and propane gas is used for cooking. Heating is mainly by electric heaters. The Hotel is fully compliant with the fire regulations.
The business has a License in accordance with the Licensing (Scotland) Act 2005. A copy of the operating plan will be made available to interested parties.
Trading figures will be made available subsequent to viewings.
Offers over £355,000 are invited for the heritable property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.
FINANCE & LEGAL SERVICES
ASG Commercial is in touch with several lenders who provide specialist finance to the hospitality trade. Paul Hart (Director Commercial Sales) will be delighted to discuss your financing requirements with you and make an appropriate introduction. We have access to a large team of legal experts who can act in all legal matters.
Travel to the Island is by air or sea transport. For details of flights and sailing check the links below:
Caledonian MacBrayne - Ferries www.calmac.co.uk
Flybe - from Glasgow www.flybe.com
Hebridean Air Services - from Oban www.hebrideanair.com/
Tiree Airport www.hial.co.uk
The location of the Hotel is as per the map insert.
All appointments to view must be made through the vendors selling agents:
York House, 20 Church Street, Inverness IV1 1ED
Tel: 0845 4500790
Fax: 01463 711083
All offers should be submitted in writing to ASG Commercial with whom purchasers should register their interest if they wish to be advised of a Closing Date.
||At present the owner’s accommodation is a two-bedroom flat on the first floor with a private bathroom and a lounge with sea views. There is a staff chalet to the rear of the premises and with complete renovation can provide a shower room, living room and kitchen facilities with a single and twin bedroom.