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FOR SALE Hotel + Leisure FOR SALE Hotel + Leisure • Stunning country house hotel on North Coast • Expansive & luxurious lounge/coffee/reading area 500 route • Steading & stables block (with previous planning Kincraig Castle Hotel, • 15 en-suite letting bedrooms consent for development to function space and • Alexander Restaurant (1 AA Rosette) additional letting rooms) Tomich, Invergordon, IV18 0LF • Mackenzie Function Suite • Circa 10 acres of land • Wedding venue with permanent marquee • Offers over £1.8m Scotland’s Leading Property Consultancy Firm Find out more at www.g-s.co.uk SITUATION The busy Cruise Ship Port of Invergordon is The property has been extended over ACCOMMODATION SUMMARY Kincraig Castle Hotel is situated just off the the nearest town and has a population of the years with a mixture of extensions to main A9 route on the North Coast 500 route 10,900 people (2018 estimate). the rear of the subjects over one and two • 15 stunning letting bedrooms near Invergordon, with spectacular views storeys. The hotel stands in 10 acres of (all en-suite) over the estate towards the Cromarty The approximate extent of the hotel and land, set back from the main A9 road. • Large resident’s lounge and reading room Firth and the Black Isle beyond. grounds is outlined in the photograph • Alexander Restaurant above and the location of the property is The grounds are fairly even with only a • Mackenzie Function Suite The hotel is close to numerous Distilleries, shown on the appended plan. slight change in topography from north • Snug Bar including the famous Glenmorangie and to south. To the east of the hotel, there • Commercial kitchen Dalmore Distilleries, the Royal Dornoch THE PROPERTY is a former steading and stables block • Store rooms Golf Club and Castle Stuart Golf Links. Kincraig Castle Hotel is a stunning which had previous planning consent for • Permanent marquee (250 covers) baronial style former mansion house conversion to function space and letting • Steading & stables block The capital of the Highlands, Inverness is with accommodation over three principal accommodation. • Circa 10 acres of land 22 miles to the South and Inverness Airport floors under a multi-pitched slate covered is only 30 miles away with the Royal Burgh roof with turrets. There is a permanent, fully equipped of Tain some 12 miles to the North. marquee facility within the grounds which can cater for up to 250 guests. Scotland’s Leading Property Consultancy Firm Find out more at www.g-s.co.uk Lounge Turret Bar Alexander Restaurant Marquee MEASUREMENTS TRADE The business has shown significant The award-winning Alexander Restaurant We estimate the subjects extend to the Kincraig Castle Hotel is a well-presented, growth over the past three years and has offers a range of menus with VisitScotland following approximate gross internal highly acclaimed four AA & STB star been staffed to implement and maintain ’Taste our Best’ accreditation in recognition areas – country house hotel with an award- high standards of service delivery as of the hotels’ focus on the provenance of winning AA Rosette restaurant. evidenced by the hotel’s TripAdvisor locally sourced food. Floor Sq M Sq Ft customer ranking (consistently in the The hotel benefits from being on the North top 10 accommodation providers in the Light Lunch, Sunday Roast Lunch, Basement 11.3 121 Coast 500 route and being close to the Scottish Highlands). Afternoon Tea, A La Carte and four or Ground floor 616.3 6,633.8 Invergordon, Nigg, Alness and Evanton five course Taste of Scotland Menus are First floor 519.7 5,594 business hubs. We understand that the owners are available. Second floor 168.6 1,815 currently focussed on optimising staffing The hotel is run by an experienced levels and costs in line with market Accommodation is available on three The hotel grounds extend to circa 10 acres. management team under the direct expectations. levels with seven Classic Rooms, four supervision of the owners. Estate Rooms and four Deluxe Castle Bookings for exclusive use of the hotel Rooms. An en suite Staff Room is also are on the increase as a result of the available. substantial increase in its Weddings business. Scotland’s Leading Property Consultancy Firm Find out more at www.g-s.co.uk The business is focussed on maximising Packages are currently available from LICENCE property. Service Contracts are in place dining conversion rates for all resident £55.00 per person and an all-inclusive The premises benefit from a Premises to maintain and service all equipment on guests with a dinner conversion Marquee Wedding Package is available Licence under the Licensing (Scotland) Act a regular basis. consistently above 80%. from £68.50 per person. Exclusive Use 2005. Autumn/Winter Wedding Packages are ENERGY PERFORMANCE CERTIFICATE (EPC) The Mackenzie Room is used as a Breakfast also currently available from £3,450. SERVICES The EPC is available upon request. Room and is popular as a Private Function Mains electricity and water are connected Suite for corporate events and family Accounts, occupancy statistics, ADR, to the property. The hotel benefits from RATES celebrations. RevPAR and other relevant documentation a private Klargester sewage treatment We are advised that the Ratebale Value will be made available to seriously plant which was recently installed and is £52,000. The rate payable per £1 of The hotel has developed an excellent interested parties following a formal is capable of handling any additional valuation is £0.516. reputation for its Weddings business viewing of the property. sewage if the steading and stables and the property has a permanent block is to be developed to provide TENURE marquee in situ which is maintained by a STAFF additional letting accommodation. LPG Heritable interest. prominent local marquee supplier based We understand there are currently 28 gas is supplied for the kitchen and the on established marquee hire rates for staff employed by the business. TUPE will hot water system. There are three oil fired each event. Non-Exclusive Use Wedding be in effect. boilers providing heating throughout the To arrange a viewing please contact: Peter Seymour Head of Hotel + Leisure Agency [email protected] 0141 332 1194 Andrew Rose Associate [email protected] 01463 701 895 IMPORTANT NOTICE 1. These particulars are intended as guide only. Their accuracy is not warranted or guaranteed. Intending Purchasers/Tenants should not rely on these particulars but satisfy themselves by inspection of the property. Photographs only show parts of the property which may have changed since they were taken. LISTED STATUS FINANCE/BUSINESS MORTGAGES OFFERS 2. Graham + Sibbald have no authority to give any representation other than these particulars in relation We understand that the main Hotel Graham + Sibbald are in regular contact All offers should be submitted in Scottish to this property. Intending Purchasers/Tenants take building is Grade C listed. with the specialists involved in the Legal Terms to the sole selling agents at the property as they find it. financing of business and property the address below: 3. Graham + Sibbald are not authorised to enter into contracts relating to this property. These particulars PRICE purchases in Scotland and we would are not intended to nor shall they form part of any Offers over £1,800,000 are sought for be happy to assist with introductions if Graham + Sibbald legally enforceable contract and any contract shall only be entered into by way of an exchange of the heritable property, the trade fixtures, required. 233 St Vincent Street, Glasgow, G2 5QY correspondence between our client’s Solicitors and Solicitors acting for the Purchaser/Tenants. fittings and equipment, together with the Email – [email protected] 4. All plans based upon Ordnance Survey maps are goodwill of the business, which is to be VIEWING reproduced with the sanction of Controller of HM sold complete as a going concern. Stock Strictly by appointment only to be made Stationery. in trade will be purchased at an additional through Graham + Sibbald. No approach 5. A list of Partners can be obtained from any of our offices. price at valuation on the date of entry. to be made to the property or members of 6. Date of Publication: October 2019. staff. EXCLUSIONS Personal effects of the vendors. Scotland’s Leading Property Consultancy Firm Find out more at www.g-s.co.uk.
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