Highland Heritage Limited

HIGHLAND HERITAGE LIMITED

INCLUDES 4 HOTELS (OVER 400 BEDROOMS) AND 16 COACHES

AN EXCITING OPPORTUNITY TO ACQUIRE AN ESTABLISHED LEISURE AND TOURISM BUSINESS BASED IN THE BEAUTIFUL SCOTTISH WEST HIGHLANDS AND WEST COAST 02 HIGHLAND HERITAGE LIMITED | COLLIERS INTERNATIONAL EXECUTIVE SUMMARY The properties are summarised as follows:

ROYAL HOTEL, TYNDRUM

96 en suite bedrooms; lounge, bar, dining room, conservatory; management and staff accommodation.

BEN DORAN HOTEL, TYNDRUM

132 en suite letting bedrooms; lounges, bar, dining room all on top floor with panoramic views, conservatory; management and staff accommodation.

DALMALLY HOTEL, DALMALLY

99 en suite bedrooms; lounges, bar, restaurant, conservatory; management and staff accommodation.

ALEXANDRA HOTEL, OBAN

Highland Heritage Limited is an 66 en suite bedrooms; 11 annexe Apartments; lounges, bar, dining room; swimming pool; established business operated by the staff accommodation; planning consent for additional 26 bedrooms. same private owner for almost 40 years. KILCHURN CASTLE, LOCH AWE The business is self-generated through A 15th century, historic, ancient monument/castle – managed by Historic Scotland. its own marketing and the hotels cater DALMALLY OFFICE almost exclusively to this self-generated Company head office and tour operation office, located within the grounds of the Dalmally Hotel. coach tour business; using the company’s COACHES own Highland Heritage branded coaches. 16 Volvo B12BT Van Hool Alizee T9 Acron Coaches.

COLLIERS INTERNATIONAL | HIGHLAND HERITAGE LIMITED 03 KILCHURN CASTLE | LOCH AWE LOCATIONS

Strontian Bridge of Gaur Glencoe Dunor Tobermory A818 A82

Sound of Mull

Loch Linnhe Ardtornish Pubil Lochaline Bridge Salen of Orchy ROYAL HOTEL, TYNDRUM ROYAL HOTEL A818 KILCHURN DALMALLY HOTEL BEN DORAN HOTEL Craignure CASTLE & HEAD OFFICE Killin Located in the popular tourist village of Tyndrum close to

Dunstanage Castle Ben Crianlarich in Perthshire, near to both Upper Tyndrum and ISLE OF MULL Cruachan A85 Tyndrum A85 ALEXANDRA Tyndrum Lower railway stations. The hotel is accessed directly Oban HOTEL Dalmally Crianlarich Ardanaiseig Ben Lue off the A82 tourist route which connects Inverness to Glasgow Pennyghael Balquhidder Lochbuie Ben More Loch Awe Inverarnan and also the A85 east – west route. Located just within the northern

Ellenabeich A84 boundary of the Loch Lomond and The Trossachs National Park, A816 Inverary Castle Cairndow the hotel has spectacular views and is within four acres of sheltered Arduaine Inveraray A82 gardens. The city of Glasgow is located around 63 miles Craobh Haven Arrochar Ben Lomond to the south. Lochgoilhead Furnace Kilmartin BEN DORAN HOTEL, TYNDRUM Loch Lomond & A811 A816 Loch Loch The Trossachs National Park Eck Long The Ben Doran is located just around the corner from the Royal Hotel in the popular tourist village of Tyndrum. Lochgilphead Tayvallich Please see above.

04 HIGHLAND HERITAGE LIMITED | COLLIERS INTERNATIONAL

DALMALLY HOTEL, DALMALLY ALEXANDRA HOTEL, OBAN

Located surrounded by spectacular mountain scenery in the village of Dalmally; Located in the picturesque coastal town of Oban, situated on the pretty Esplanade the hotel is perfectly situated to make the most of the historical, cultural and natural overlooking Oban Bay and St Columba’s Cathedral. The hotel can be accessed via delights of Argyll and Bute, the Loch Lomond and The Trossachs National Park, the A85 which is the main ‘east – west’ road in this part of Scotland and connects Edinburgh, Loch Ness and the Isle of Mull to name but a few. The hotel can be Oban with a myriad of tourist destinations including Crainlarich, Dalmally, accessed via the A85 which is the main ‘east – west’ road in this part of Scotland Loch Awe, St Fillans, Crieff and eventually Perth. Fort William is located 45 miles and connects Oban with a myriad of tourist destinations including Crainlarich, Oban, to the north with Glasgow located around 98 miles to the south. Rail services are Loch Awe, St Fillans, Crieff and eventually Perth. Rail access can be via Dalmally directly to Oban railway station which is the terminus of the highly scenic West railway station. The city of Glasgow is around 72 miles to the south. Highland Line.

ROYAL HOTEL | TYNDRUM BEN DORAN HOTEL | TYNDRUM KILCHURN CASTLE, LOCH AWE

Located in a fantastic position close to the village of Dalmally on the northern shores of the beautiful Loch Awe. The property can be accessed via the A85 which is the main ‘east – west’ road in this part of Scotland. The city of Glasgow is around 72 miles to the south east. Please note Kilchurn Castle is available subject to separate negotiation.

DALMALLY HOTEL | DALMALLY ALEXANDRA HOTEL | OBAN

COLLIERS INTERNATIONAL | HIGHLAND HERITAGE LIMITED 05 ROYAL HOTEL

TYNDRUM, CRIANLARICH, FK20 8RY

06 HIGHLAND HERITAGE LIMITED | COLLIERS INTERNATIONAL PROPERTY LETTING BEDROOMS

An impressive, well equipped and appointed hotel based around A total of 96 sumptuous en suite bedrooms, all with TV, tea an original Victorian property which has been substantially and coffee making facilities, hairdryer and heated towel rail. enlarged and extended in recent years. Set in beautiful sheltered Some superior rooms are provided with, and benefit from, gardens and grounds of approximately 3 acres. a better standard of bedding, additional drinks facilities and wine as well as a number of other items. PUBLIC AREAS STAFF ACCOMMODATION n Main entrance to entrance hallway n n Large conservatory area to the front 1 bedroom manager’s flat – in hotel n n Beautiful wood panelled Bar and entertainment lounge 5 staff rooms – in hotel n n Conservatory style dining room (180) with spectacular views Staff block with 16 bedrooms all around SERVICES n Quiet lounge with free Wi-Fi Mains water, electricity and drainage. LPG gas. Guest lift to all floors.

BEDROOMS ROOMS

Standard Double 21

Superior Double 1

Standard Twin 54

Superior Twin 5

Single 15 Energy Performance Certificate Non-Domestic buildings and buildings other than dwellings Scotland Royal Hotel, Crianlarich, Tyndrum FK20 8RY DateTOTAL of assessment: 29 April 2015 Reference Number: 5290-2144-0830-1205-150396 Date of certificate: 23 May 2015 Building type: Hotel Total conditioned area: 4029.44m2 Assessment Software: EPCgen, v4.1.e.5 Primary energy indicator: 1663 kWh/m2/yr Transaction Type: Marketed sale

Building Energy Performance Rating Excellent A+ Net Zero Carbon or better (0-15) A (16-30) B (31-45) C (46-60) D (61-80) E (81-100) F Current Potential (100+) G 294 198 Very Poor Approximate Energy Use: 569 kWh per m2 per year 2 Approximate Carbon Dioxide Emissions: 294.36 kgCO2 per m per year The building energy performance rating is a measure of the effect of a building on the environment in terms of carbon dioxide (CO2) emissions. The better the rating, the less impact on the environment. The current rating is based upon an assessor's survey of the building. The potential rating shows the effect of undertaking all of the recommended measures listed below. The Recommendations Report which accompanies this certificate explains how this rating is calculated and gives further information on the performance of this building and how to improve it. Benchmark A building of this type built to current building regulations at the date of issue of this certificate would have a building energy performance rating of: 81 F Recommendations for the cost-effective improvement of energy performance 1. Replace tungsten GLS lamps with CFLs: Payback period dependent on hours of use. 2. Add time control to heating system. 3. Add optimum start/stop to the heating system. COLLIERS INTERNATIONAL | HIGHLAND4. Consider replacing T8 lamps HERITAGE with retrofit T5 conversion kit. LIMITED 07 There are additional improvement measures applicable to this building. Refer to the Recommendations Report.

Page 1 of 6 BEN DORAN HOTEL

TYNDRUM, CRIANLARICH, FK20 8RZ

08 HIGHLAND HERITAGE LIMITED | COLLIERS INTERNATIONAL THE PROPERTY LETTING BEDROOMS BEDROOMS ROOMS

A purpose built hotel (built 1992) in its own sheltered grounds of A total of 132 en suite letting bedrooms all with TV, tea and Standard Double 22 approximately 4 acres in the pretty mountain village of Tyndrum coffee making facilities, hairdryer and heated towel rail. Some Superior Double 2 on the northern edge of the Loch Lomond and The Trossachs superior rooms are provided with, and benefit from, a better Standard Twin 74 National Park. standard of bedding, additional drinks facilities and wine as well as a number of other items. Superior Twin 6 The property has been designed in order that the public areas are Single 28 located on the top floor in order that guests can benefit from the STAFF ACCOMMODATION impressive views over the gardens and surrounding countryside TOTAL 132 n Manager’s flat – in hotel which the hotel enjoys. n 12 staff rooms – in hotel PUBLIC AREAS SERVICES n Main entrance to entrance hallway Mains water, electricity and drainage to the public sewer. n Conservatory at front with a range of beautiful flowers and plants LPG gas. Guest lift to all floors. n ‘Top Floor’ dining room (250) n ‘Top Floor’ lounge bar / entertainment lounge n ‘Top Floor’ quiet lounge with free Wi-Fi

Energy Performance Certificate Non-Domestic buildings and buildings other than dwellings Scotland Ben Doran Hotel, Crianlarich, Tyndrum FK20 8RY Date of assessment: 30 April 2015 Reference Number: 0010-5135-4209-0874-2002 Date of certificate: 23 May 2015 Building type: Hotel Total conditioned area: 5451.68m2 Assessment Software: EPCgen, v4.1.e.5 Primary energy indicator: 1144 kWh/m2/yr Transaction Type: Marketed sale

Building Energy Performance Rating Excellent A+ Net Zero Carbon or better (0-15) A (16-30) B (31-45) C (46-60) D (61-80) E (81-100) F Current Potential (100+) G 203 152 Very Poor Approximate Energy Use: 392 kWh per m2 per year 2 Approximate Carbon Dioxide Emissions: 202.56 kgCO2 per m per year The building energy performance rating is a measure of the effect of a building on the environment in terms of carbon dioxide (CO2) emissions. The better the rating, the less impact on the environment. The current rating is based upon an assessor's survey of the building. The potential rating shows the effect of undertaking all of the recommended measures listed below. The Recommendations Report which accompanies this certificate explains how this rating is calculated and gives further information on the performance of this building and how to improve it. Benchmark A building of this type built to current building regulations at the date of issue of this certificate would have a building energy performance rating of: 67 E Recommendations for the cost-effective improvement of energy performance 1. Replace 38mm diameter (T12) fluorescent tubes on failure with 26mm (T8) tubes. 2. Replace tungsten GLS lamps with CFLs: Payback period dependent on hours of use. 3. Consider replacing T8 lamps with retrofit T5 conversion kit. COLLIERS INTERNATIONAL | HIGHLANDThere are additional improvement measuresHERITAGE applicable to this building. Refer to the Recommendations LIMITED Report. 09 The Green Deal may allow you to make your THIS PAGE IS THE ENERGY PERFORMANCE building warmer and cheaper to run at no up- front capital cost. See your Recommendations CERTIFICATE WHICH MUST BE AFFIXED TO Report for more details. THE BUILDING AND NOT BE REMOVED UNLESS REPLACED WITH AN UPDATED CERTIFICATE.

Page 1 of 6 DALMALLY HOTEL

DALMALLY, ARGYLL, PA33 1AY

10 HIGHLAND HERITAGE LIMITED | COLLIERS INTERNATIONAL THE PROPERTY LETTING BEDROOMS

An original 19th century hotel surrounded by spectacular mountain A total of 99 en suite letting bedrooms all with TV, tea and coffee scenery set in approximately 3 acres of beautiful landscaped making facilities, hairdryer and heated towel rail. Some superior gardens which have been extensively remodelled and extended. rooms are provided with, and benefit from, a better standard of bedding, additional drinks facilities and wine as well as a number PUBLIC AREAS of other items. n Main entrance, via well-appointed conservatory to entrance hallway STAFF ACCOMMODATION BEDROOMS ROOMS n Dining Room (180) n Standard Double 11 n Lounge bar and entertainment lounge with large dance floor Manager’s flat – in hotel n Superior Double 1 incorporated into conservatory 2 staff rooms – in hotel n n Quiet lounge with free Wi-Fi Separate 16 bedroom staff block Standard Twin 61 Superior Twin 5 SERVICES Single 21 Mains water and electricity. LPG gas. Private sewage treatment plant. TOTAL 99

Guest lift to all floors. Energy Performance Certificate Non-Domestic buildings and buildings other than dwellings Scotland Dalmally Hotel, Dalmally, Argyll & Bute PA33 1AY Date of assessment: 30 April 2015 Reference Number: 0741-1948-8335-1050-9020 Date ofDALMALLY certificate: 26 May 2015HOTEL Building type: Hotel Total conditioned area: 4685.8m2 Assessment Software: EPCgen, v4.1.e.5 Primary energy indicator: 1286 kWh/m2/yr Transaction Type: Marketed sale

Building Energy Performance Rating Excellent A+ Net Zero Carbon or better (0-15) A (16-30) B (31-45) C (46-60) D (61-80) E (81-100) F Current Potential (100+) G 228 169 Very Poor Approximate Energy Use: 440 kWh per m2 per year 2 Approximate Carbon Dioxide Emissions: 227.61 kgCO2 per m per year The building energy performance rating is a measure of the effect of a building on the environment in terms of carbon dioxide (CO2) emissions. The better the rating, the less impact on the environment. The current rating is based upon an assessor's survey of the building. The potential rating shows the effect of undertaking all of the recommended measures listed below. The Recommendations Report which accompanies this certificate explains how this rating is calculated and gives further information on the performance of this building and how to improve it. Energy Performance Certificate Non-DomesticBenchmark buildings and buildings other than dwellings Scotland StaffA building Accommodation of this type Block,built to Dalmally current buildingHotel, Dalmally, regulations Argyll at theand date Bute of PA33 1AY issue of this certificate would have a building energy performance rating of: Date of assessment: 30 April 2015 Reference Number: 4892-7943-3630-0405-150374 E Date ofSTAFF certificate: ACCOMMODATION28 May 2015 Building type: Hotel Recommendations for the cost-effective2 improvement of energy performance Total conditioned area: 283.64m Assessment Software: EPCgen, v4.1.e.5 1.Primary Replace energy tungsten indicator: GLS lamps1722 with kWh/m CFLs:2/yr Payback period Transactiondependent on Type: hours of Marketeduse. sale 2. Add time control to heating system. 3.Building Consider replacing Energy T8 Performance lamps with retrofit Rating T5 conversion kit. Excellent4. Add weather compensation controls to heating system. There are additional improvement measures applicable to this building. Refer to the Recommendations Report. Net Zero Carbon or better A+ The Green Deal may allow you to make your THIS PAGE IS THE ENERGY PERFORMANCE building warmer and cheaper to run at no up- CERTIFICATE WHICH MUST BE AFFIXED TO (0-15) front capital cost. See your Recommendations Report for more details. THE BUILDING AND NOT BE REMOVED A UNLESS REPLACED WITH AN UPDATED (16-30) B CERTIFICATE. (31-45) C Page 1 of 6 (46-60) D (61-80) E (81-100) F Current Potential (100+) G 305 170 Very Poor Approximate Energy Use: 590 kWh per m2 per year 2 Approximate Carbon Dioxide Emissions: 304.97 kgCO2 per m per year The building energy performance rating is a measure of the effect of a building on the environment in terms of carbon dioxide (CO2) emissions. The better the rating, the less impact on the environment. The current rating is based upon an assessor's survey of the building. The potential rating shows the effect of undertaking all of the recommended measures listed below. The Recommendations Report which accompanies this certificate explains how this rating is calculated and gives further information on the performance of this building and how to improve it. Benchmark A building of this type built to current building regulations at the date of issue of this certificate would have a building energy performance rating of: 88 F Recommendations for the cost-effective improvement of energy performance 1. Add time control to heating system. 2. Add weather compensation controls to heating system. 3. Add local time control to heating system. COLLIERS INTERNATIONAL 4. Carry out a pressure test, identify and treat identified air leakage. Enter result in EPC calculation. | HIGHLANDThere are additional improvement measuresHERITAGE applicable to this building. Refer to the Recommendations LIMITED Report. 11 The Green Deal may allow you to make your THIS PAGE IS THE ENERGY PERFORMANCE building warmer and cheaper to run at no up- front capital cost. See your Recommendations CERTIFICATE WHICH MUST BE AFFIXED TO Report for more details. THE BUILDING AND NOT BE REMOVED UNLESS REPLACED WITH AN UPDATED CERTIFICATE.

Page 1 of 6 ALEXANDRA HOTEL

CORRAN ESPLANADE, OBAN, ARGYLL, PA34 5AA

ALEXANDRA APARTMENTS

12 HIGHLAND HERITAGE LIMITED | COLLIERS INTERNATIONAL THE PROPERTY LETTING BEDROOMS BEDROOMS ROOMS MAIN HOTEL

A fine Victorian property with expansive views over MAIN HOTEL Standard Double 12

Oban Bay which has been extended and refurbished There are a total of 66 en suite letting bedrooms all with TV, Superior Double 5 over the years whilst still retaining its magnificent tea and coffee making facilities, hairdryer and heated towel rail. Standard Twin 21 original features. Some superior rooms are provided with, and benefit from, a better Superior Twin 12 standard of bedding, additional drinks facilities and wine as well To the rear of the main hotel is ‘Alexandra Apartments’; Apartment style twin 2 a detached bedroom block which offers comfortable and as a number of other items. A number of the main hotel’s bedrooms Standard Single 9 spacious accommodation on a more flexible B&B basis benefit from exquisite sea views. Superior Single 5 with private parking. Guests using Alexandra Apartments In addition, to the rear of the main hotel is a separate 11 en suite TOTAL 66 are free to use the main hotel’s bar and leisure facilities, bedroom apartment annexe known as ‘Alexandra Apartments’. ALEXANDRA APARTMENTS including coach tours. LEISURE Twin Apartment Rooms 11 PUBLIC AREAS (Superior Standard) Indoor swimming pool and ladies and gents changing and Energy Performance Certificate Scotland n Non-Domestic buildings and buildings other than dwellings Main entrance to entrance hallway Alexandra Hotel, Corran Esplanade, Oban PA34 5AA W/C facilities. Date of assessment: 30 April 2015 Reference Number: 0749-1948-7335-1050-9020 Date ofALEXANDRA certificate: 27 May 2015 HOTELBuilding type: Hotel Total conditioned area: 3344.01m2 Assessment Software: EPCgen, v4.1.e.5 n Primary energy indicator: 1547 kWh/m2/yr Transaction Type: Marketed sale Lounge with a magnificent glass frontage and snooker lounge area Building Energy Performance Rating Excellent n STAFF ACCOMMODATION Dining room with glass frontage A+ Net Zero Carbon or better (0-15) A n Entertainment lounge with large dance floor n 3 staff rooms – in hotel (16-30) B (31-45) C n n (46-60) D Quiet lounges overlooking the bay Separate 4 room staff block (61-80) E (81-100) F Current Potential (100+) G 274 170 Very Poor Approximate Energy Use: 530 kWh per m2 per year 2 Energy PerformanceApproximate Carbon Certificate Dioxide Emissions: 273.9 kgCO2 per m per year PLANNING CONSENT Non-Domestic buildings and buildings other than dwellings Scotland The building energy performance rating is a measure of the effect of a building on the environment in terms of Apartmentcarbon dioxide Block, (CO Alexandra2) emissions. Hotel, The betterCorran the Esplanade, rating, the lessOban impact PA34 on 5AA the environment. The current rating is based upon an assessor's survey of the building. The potential rating shows the effect of undertaking all of Datethe recommended of assessment: measures 30listed April below. 2015 The RecommendationsReference Report Number: which accompanies9132-3164-6453-0900-0871 this certificate Dateexplains ofALEXANDRA certificate: how this rating is calculated28 May 2015 and givesAPARTMENTS further informationBuilding on type: the performanceHotel of this building and how Totalto improve conditioned it. area: 351.22m2 Assessment Software: EPCgen, v4.1.e.5 Detailed planning consent has been obtained to build a further Primary energy indicator: 1872 kWh/m2/yr Transaction Type: Marketed sale Benchmark Building Energy Performance Rating A building of this type built to current building regulations at the date of 26 twin rooms above the Alexandra Apartments at the rear of issueExcellent of this certificate would have a building energy performance rating of: 75 E RecommendationsA+ Net Zero Carbon for the or cost-effectivebetter improvement of energy performance 1.(0-15) Replace tungsten GLS lamps with CFLs: Payback period dependent on hours of use. 2. Add time controlA to heating system. the hotel. Further details are available upon request. 3.(16-30) Consider replacing T8 lamps with retrofit T5 conversion kit. 4. Add weather compensationB controls to heating system. There(31-45) are additional improvement measuresC applicable to this building. Refer to the Recommendations Report. The Green Deal may allow you to make your THIS PAGE IS THE ENERGY PERFORMANCE building warmer and cheaper to run at no up- (46-60) front capital cost. See your Recommendations CERTIFICATE WHICH MUST BE AFFIXED TO Report for more details. D THE BUILDING AND NOT BE REMOVED UNLESS REPLACED WITH AN UPDATED SERVICES (61-80) E CERTIFICATE. (81-100) F Current Potential Page 1 of 6 (100+) G 331 189 Very Poor Approximate Energy Use: 641 kWh per m2 per year 2 Mains water, electricity, drainage and gas. Energy PerformanceApproximate Carbon Certificate Dioxide Emissions: 331.39 kgCO2 per m per year Non-Domestic buildings and buildings other than dwellings Scotland The building energy performance rating is a measure of the effect of a building on the environment in terms of Staffcarbon Accomodation dioxide (CO2) emissions.Block, Alexandra The better Hotel, the rating,Corran the Esplanade, less impact Oban on the PA34 environment. 5AA The current rating is based upon an assessor's survey of the building. The potential rating shows the effect of undertaking all of Datethe recommended of assessment: measures 30listed April below. 2015 The RecommendationsReference Report Number: which accompanies9010-6935-3439-2674-8002 this certificate Guest lift to all floors. Dateexplains ofSTAFF certificate: how this rating isACCOMMODATION calculated28 May 2015 and gives further informationBuilding on type: the performanceHotel of this building and how Totalto improve conditioned it. area: 203.96m2 Assessment Software: EPCgen, v4.1.e.5 Primary energy indicator: 1635 kWh/m2/yr Transaction Type: Marketed sale Benchmark Building Energy Performance Rating A building of this type built to current building regulations at the date of issueExcellent of this certificate would have a building energy performance rating of: 102 G RecommendationsA+ Net Zero Carbon for the or cost-effectivebetter improvement of energy performance 1.(0-15) Add weather compensation controls to heating system. 2. Add local time Acontrol to heating system. 3.(16-30) Carry out a pressure test, identify and treat identified air leakage. Enter result in EPC calculation. 4. Consider installing an airB source heat pump. There(31-45) are additional improvement measuresC applicable to this building. Refer to the Recommendations Report. The Green Deal may allow you to make your THIS PAGE IS THE ENERGY PERFORMANCE building warmer and cheaper to run at no up- (46-60) front capital cost. See your Recommendations CERTIFICATE WHICH MUST BE AFFIXED TO Report for more details. D THE BUILDING AND NOT BE REMOVED UNLESS REPLACED WITH AN UPDATED (61-80) E CERTIFICATE. (81-100) F Current Potential Page 1 of 6 (100+) G 290 170 Very Poor Approximate Energy Use: 560 kWh per m2 per year 2 Approximate Carbon Dioxide Emissions: 289.55 kgCO2 per m per year The building energy performance rating is a measure of the effect of a building on the environment in terms of carbon dioxide (CO2) emissions. The better the rating, the less impact on the environment. The current rating is based upon an assessor's survey of the building. The potential rating shows the effect of undertaking all of the recommended measures listed below. The Recommendations Report which accompanies this certificate explains how this rating is calculated and gives further information on the performance of this building and how to improve it. Benchmark A building of this type built to current building regulations at the date of issue of this certificate would have a building energy performance rating of: 82 F Recommendations for the cost-effective improvement of energy performance 1. Add time control to heating system. COLLIERS INTERNATIONAL 2. Consider replacing T8 lamps with retrofit T5 conversion kit. | HIGHLAND3. Add weather compensation HERITAGE controls to heating system. LIMITED 13 4. Add local time control to heating system. There are additional improvement measures applicable to this building. Refer to the Recommendations Report.

Page 1 of 6 14 HIGHLAND HERITAGE LIMITED | COLLIERS INTERNATIONAL KILCHURN DALMALLY CASTLE OFFICES

LOCH AWE, DALMALLY, PA33 1AF DALMALLY, ARGYLL, PA33 1AY

Kilchurn Castle was originally built in the mid 15th century for the Campbell Clan Located within the grounds of the Dalmally Hotel (1st Lord of Glenorchy). The Castle is now an important ancient monument, albeit is the separate head office and tour operator office an impressive ruin, and is currently managed by Historic Scotland. Owners of Kilchurn Castle may be of Highland Heritage Limited. able to choose a ‘self-styled Laird’s title.’ Please note that the castle is available subject to separate The offices briefly comprise 2 floors of call centres negotiation. and offices with associated stores and W/C facilities. We are informed that the building comprises a total floor area of around 300 sq m.

SERVICES

Mains water, electricity and drainage. LPG gas. Private sewage treatment plant shared with The Dalmally Hotel.

Energy Performance Certificate Non-Domestic buildings and buildings other than dwellings Scotland Office Block, Dalmally Hotel, Dalmally, Argyll & Bute PA33 1AY Date of assessment: 30 April 2015 Reference Number: 3010-5935-3439-2674-8002 Date of certificate: 28 May 2015 Building type: Office/Workshop Total conditioned area: 474.96m2 Assessment Software: EPCgen, v4.1.e.5 Primary energy indicator: 355 kWh/m2/yr Transaction Type: Marketed sale

Building Energy Performance Rating Excellent A+ Net Zero Carbon or better (0-15) A Potential (16-30) B 25 (31-45) C (46-60) D Current (61-80) E 63 (81-100) F (100+) G Very Poor Approximate Energy Use: 122 kWh per m2 per year 2 Approximate Carbon Dioxide Emissions: 62.86 kgCO2 per m per year The building energy performance rating is a measure of the effect of a building on the environment in terms of carbon dioxide (CO2) emissions. The better the rating, the less impact on the environment. The current rating is based upon an assessor's survey of the building. The potential rating shows the effect of undertaking all of the recommended measures listed below. The Recommendations Report which accompanies this certificate explains how this rating is calculated and gives further information on the performance of this building and how to improve it. Benchmark A building of this type built to current building regulations at the date of issue of this certificate would have a building energy performance rating of: 11 A Recommendations for the cost-effective improvement of energy performance 1. Consider replacing T8 lamps with retrofit T5 conversion kit. 2. Add time control to heating system. 3. Add weather compensation controls to heating system. 4. Add local time control to heating system. 5. Consider installing an air source heat pump. There are additional improvement measures applicable to this building. Refer to the Recommendations Report.

The Green Deal may allow you to make your THIS PAGE IS THE ENERGY PERFORMANCE building warmer and cheaper to run at no up- front capital cost. See your Recommendations CERTIFICATE WHICH MUST BE AFFIXED TO Report for more details. THE BUILDING AND NOT BE REMOVED UNLESS REPLACED WITH AN UPDATED COLLIERS INTERNATIONAL CERTIFICATE. | HIGHLANDPage 1 of 6 HERITAGE LIMITED 15 COACHES Included with the business are 16 coaches – all 14.2 M Volvo Volvo diesel engines driving through semi-automatic gearboxes. B12BT Van Hool Alizee T9 Acron Coaches. The coaches are The suspension is electronically controlled in all directions giving Highland Heritage branded and all have been maintained an extraordinarily smooth ride. by Volvo since new. Highland Heritage coaches are closely monitored at all times The modern Van Hool super-coaches are blessed with by a satellite tracking system. This helps with the efficient air-conditioning and all the comforts for leisurely travel. deployment and management of their vehicles at all times. The coaches are powered by efficient and low emissions

16 HIGHLAND HERITAGE LIMITED | COLLIERS INTERNATIONAL

THE BUSINESS Highland Heritage Limited self generates its own trade through its own tourism and marketing business, its own coach tours and the operation of its own hotels.

The business has been established for nearly 40 years in the same ownership and is highly regarded in this sector of the leisure market, with this lucrative 3 star coach tour and holiday market business enjoying a high level of repeat custom.

SUMMARY OF MANAGEMENT ACCOUNTS

Year End 31 January 2016 turnover figures net of VAT are as follows:

BEN DORAN DALMALLY ROYAL ALEXANDRA TOTAL

Tour Sales £2,656,393 £1,563,622 £1,426,021 £5,646,036

Bar Sales £191,409 £100,071 £79,869 £371,349

Bed and Breakfast £4,463 £1,771 £12,239 £18,473

Apartment Rent £29,740 £29,740

Management and credit card fees £709,050

TOTAL £2,852,265 £0 £1,665,464 £1,574,869 £6,774,648

COLLIERS INTERNATIONAL | HIGHLAND HERITAGE LIMITED 17 GENERAL INFORMATION

OBAN LICENCES All hotels have a Premises Licence.

TENURE

All hotels are freehold (heritable feuhold/outright ownership).

VIEWINGS

All appointments to view MUST be made through the vendors’ agents who are acting with sole selling rights.

METHOD OF SALE

The group is offered for sale by way of the entire share capital of the owning company – LOCH AWE Highland Heritage Limited.

A sale of the assets, as a whole, or on an individual basis, would also be considered.

PRICE

Offers are invited in excess of £4,500,000 for Highland Heritage Limited. Kilchurn Castle is available subject to separate negotiation.

FURTHER INFORMATION

A secured online data site containing further information is available following signing of a Non-Disclosure Agreement (NDA), which is available to seriously interested parties upon request from the sole selling agents.

18 HIGHLAND HERITAGE LIMITED | COLLIERS INTERNATIONAL ALEXANDRA HOTEL | OBAN

COLLIERS INTERNATIONAL | HIGHLAND HERITAGE LIMITED 19 ALISTAIR LETHAM JULIAN TROUP CONTACT INFORMATION DIRECTOR HEAD OF UK HOTELS AGENCY [email protected] [email protected] Office: +44 131 240 7575 Office: +44 161 831 3324 Mobile: +44 7836 341710 Mobile: +44 7825 819233

Colliers International 1 Exchange Crescent 50 George Street Conference Square London Edinburgh W1U 7GA EH3 8AN

Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person employed or engaged by Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (June 2015) Colliers International is the licensed trading name of Colliers International Property Advisers UK LLP which is a limited liability partnership registered in England and Wales with registered number OC385143. Our registered office is at 50 George Street, London W1U 7GA.