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Cragganmore House Bed & Breakfast, Cragganmore, Ballindalloch, Moray, AB37 9AB

£795,000

743

Key Information

Tenure:Not available
Council tax band:Not available

Key Features

Expansion Potential
4 Letting Rooms
Heart of Speyside
Excellent Lifestyle Opportunity
Stunning Period Property
Great Reputation & Reviews

Description

With stunning views of the surrounding countryside Cragganmore occupies a commanding position in a secluded glen and visitors cannot failed to be impressed upon arrival. Viewing is highly recommended to truly appreciate what this wonderful property and business has to offer. Cragganmore House has been operating as a guest house for nearly 23 years when the property was being restored by the current owners. It provides a unique guest house experience in a truly wonderful and private setting with wonderful highland views. It is a genuine lifestyle business that is run to suit the requirements of the owners.

The business trades from March to the end of October which is the peak tourist season for the Highlands. Occupancy numbers during this period are exceptionally high. New owners could easily extend the operating period as there is demand all year round for accommodation.
Rooms are let on a B&B basis and evening meals provided on request. Rooms are let from £120 per night to £160 per night.
New owners will have an excellent opportunity to dramatically increase revenues. Immediate opportunities exist to extend the opening season and introduce a licensed bar or serve evening meals. The business is run by the owners without the assistance of any staff.
The guest house benefits from a good mix of new visitors and repeat trade, with a core market of tourists exploring Scotland by car, those undertaking outdoor pursuits and the extensive Malt Whisky trail.

Property

There are parts of Cragganmore that date back to pre-Victorian times, but as the family home of John Smith it was extended and improved to create a magnificent country house. John Smith was the foremost distiller of his time and figured greatly in the newly legal licensed Speyside whisky trade of the mid-19th Century, managing and running The Macallan, The Glenlivet and Glenfarclas Distilleries before founding Cragganmore Distillery in 1869. It is an historic property.
Entrance to the property is through the front porch and into the main entrance hall where guests are greeted with all the warmth that Cragganmore has to offer. Immediately to the left is the impressive dining room with wood panelling and ornate cornicing. To the right is the drawing room, which acts as the guest lounge, and adjoining turret which makes an excellent bar for guests. Both rooms have working fires.
The entrance hall leads to the rear of the property where there is a private dining room that could be used as an office or snug. At the rear of the property is the large traditional country style kitchen diner. It is equipped with a wide variety of base and wall mounted units, an Aga, range and everything else required to not only run a busy guest house but also of a size to run a fully operational catering business.
Accessed from the kitchen is a back entry hallway. This provides access in turn to the laundry room, food preparation room, family snug and a service stairs to the first floor and owners’ bedroom.
The stairs from the front hall leads to the landing. At the front of the property there are 2 very large ensuite letting rooms with one incorporating the beautiful turret. At the rear there are 2 letting rooms that share a beautiful bathroom. All rooms are individually decorated. A rear landing leads to the owner’s bedroom and back service stairs.
There are 2 further bedrooms on the second floor, currently used by the owners, which could be converted to ensuite letting rooms.
Cragganmore is a truly stunning property that has been sympathetically and tastefully upgraded and modernised throughout. All rooms are individually decorated and furnished with hand chosen antique furniture and objects d’arts throughout. There are beautiful original features throughout the property.

There is a large car park for residents which is accessed from the main drive to the property. There is a large lawn, with a variety of shrubs and mature trees surrounding it, which is a wonderful place to enjoy the Moray sunshine. On the slope to the main road is the abundant fruit and vegetable garden that is a great source of produce for the kitchen. There is a separate drive that provides access for kitchen deliveries and private owners parking. There are a number of outbuildings that are used for storage and garden maintenance.

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£3,977 /mo.25 Years, 4.5% Interest
Loan
£715,500
Total Repay
£1,193,094

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
£28,250
0% up to £150,000
1% from £150,000 to £250,000
5% from £250,000 to £795,000
Your effective LBTT is 3.55%

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