Elgin Branch

62 High Street
Elgin, Moray
IV30 1BU
t: 01343 610520
e: info@cclproperty.com

Edinburgh Branch

Hudson House
8 Albany Street, Edinburgh
EH1 3QB
t: 0131 473 1192
e: info@cclproperty.com

Kenneth Street, Inverness, Highland, IV3 5DH

£395,000Freehold

852

Key Information

Tenure:Freehold
Council tax band:Not available

Key Features

6 Letting Rooms (3 En-Suite)
2-Bed Owners Accommodation
City Centre Location
Growth Potential
Main Tourist Route
Easily Managed Business
Original Features
Year-Round Trade
Freehold

Description

Built in 1893, Cedar Villa is an attractive semi-detached Victorian Villa constructed from traditional sandstone. It occupies a prominent position on Kenneth Street in Inverness, a 5-minute walk from the city centre, in a great trading position to capture passing trade from passing tourists going to Loch Ness and onwards to Fort William. Operating all year round, this 6-bedroom guest house offers warm and welcoming accommodation mainly to tourists in the summer and longer stay contractors in the winter. With a wealth of original features, viewing is highly recommended to truly appreciate the potential and the lifestyle opportunity that Cedar Villa has to offer.

Trading Figures
The business trades profitably all year round. There is also a great opportunity to increase revenues by serving evening meals, obtaining an alcohol licence, and undertaking a specific marketing campaign. The business currently trades beneath the VAT threshold. Full trading figures will be available after formal viewing has taken place.

Summary
The sale of Cedar Villa is a wonderful opportunity to purchase a long-established bed and breakfast business a short walk from the centre of Inverness in the heart of the Highland tourist trail. It benefits from all-year-round trade, with a mixed clientele, and is offered in true walk-in fashion. It is an easily managed business that is ideal for a husband and wife team.

Services
The property has mains water, drainage and electricity. It is fitted with a combi boiler and gas central heating.

Tenure
The property is held on the Scottish equivalent of Freehold.

Price
Offers in the Region of £475,000 are sought for the heritable property, fixtures, fittings and goodwill of the business. Items of a personal nature are to be excluded from the sale.

Arrange Viewing

Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£2,078 /mo.25 Years, 5% Interest
Loan
£355,500
Total Repay
£623,465

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
£8,250
0% up to £150,000
1% between £150,000 and £250,000
5% above £250,000
Your effective LBTT is 2.09%

Register for Property Alerts

Register for Property Alerts

We tailor every marketing campaign to a customer’s requirements and we have access to quality marketing tools such as professional photography, video walk-throughs, drone video footage, distinctive floorplans which brings a property to life, right off of the screen.