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

Newton Street, Stornoway, Western Isles, HS1 2RW

£375,000Freehold

551

Key Information

Tenure:Freehold
Council tax band:Not available

Key Features

Prime Tourist Location
5 Letting Rooms
Wooden Chalet
Craft Shop
High Turnover and Margins
Excellent Condition
Amazing Lifestyle Opportunity
100% Business Relief
Freehold

Description

A wonderful opportunity has arisen to purchase the well-established and highly profitable Twenty Seven Bed & Breakfast situated a short distance from the centre of Stornoway on the Isle of Lewis. Tastefully refurbished and upgraded, the property is exceptionally well maintained and presented throughout while the contemporary interior benefits from substantial natural light creating bright and comfortable spaces.

The guest house is offered in true walk in fashion and boasts 5 letting rooms. The town benefits from year-round trade from both tourism and corporate visitors to the Island allowing the business to take advantage of the demand for its services.

A modern wooden chalet provides excellent private owners accommodation. The owners have also established a craft shop selling a variety of local crafts, Harris tweed and gifts hand crafted from whisky casks.

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
£1,973 /mo.25 Years, 5% Interest
Loan
£337,500
Total Repay
£591,897

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
£7,250
0% up to £150,000
1% between £150,000 and £250,000
5% above £250,000
Your effective LBTT is 1.93%

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