Twenty Seven Bed And Breakfast, Newton Street, Stornoway, Eilean Siar, HS1 2RW

Outstanding Bed and Breakfast with Stunning Views in Stornoway

Guide Price £299,000

DESCRIPTION
Number 27 Bed and Breakfast enjoys an extremely high occupancy level, benefitting from repeat business from various tour companies with whom the owner has engaged with and who book out all the rooms in this busy and popular B&B. Summer 2019 is already fully booked with ongoing bookings for 2020 being pencilled in at this time. No 27 enjoys an excellent trading location close to the ferry terminal with views over the Minch, and is within ten minutes’ walk of the centre of Stornoway. There are plans to develop the area directly in front of the property as a new Marina and a multimillion project is in the offing to improve Stornoway Harbour and allow deep water vessels such as larger cruise ships to access the area. This will certainly increase the attractiveness of the area and Number 27 is ideally located to capitalise on this.

The subjects were built around 1910 and are in good condition being presented as a high-quality guest house and family home. The business is well-appointed providing wide ranging facilities and is decorated to a high standard. The owner has invested heavily into the property since purchasing in 2012, installing 3 new en-suites and two bathrooms, a new kitchen, double glazing the building and constructing a shed in the grounds now offering an ideal teenage pad with en-suite facilities.

TRADE
The current operation generates income through the provision of 4 decent letting bedrooms, 3 of which are en-suite and one sharing a private bathroom. Contracts with three or four main tour companies see the business almost fully booked from early April to end of October, nearly a year in advance. Any spare capacity at this time or in the Winter season is advertised on Booking.com as well as the businesses own website. With the Winter travellers to Stornoway as well as the businessmen and repeat business No 27 achieves a consistently high occupancy level year round. During the year ended 5th April 2018, the business generated a turnover of £54,471 resulting in a bottom line figure of £28,018.

LOCATION
Stornoway is the main port and town on the Isle of Lewis (Town population approx. 6000) and this B&B is ideally located close to the ferry terminal. The town has a wide range of facilities include a technical college, a golf course, a museum, arts centre, library and a brand new sports complex (The sports centre's facilities include a 25m pool). There are a variety of shops and places to eat out. Most of the town's amenities are just a short walk away from No 27. Stornoway is the main point of entry to the Outer Hebrides, offering two daily ferry sailings and a modern airport with a number of daily flights. Lewis is a popular tourist destination with a wide range of visitor attractions and museums including the ancient Carloway Broch and the 5000 year old stone circles of Callanish.

The island has a great many sandy beaches which attract surfers and kayakers. The coastline is also a haven for climbers and walkers of all abilities. The island has a wealth of flora and fauna and the rocky and rugged geography is home to red deer, plus golden and sea eagles. Fishing is a popular pastime on the island with salmon frequenting several Lewis Rivers and many of the fresh-water lochs being home to trout. Observed maritime life includes whales and dolphins.

REASON FOR SALE
The present owners purchased the property in 2012. They have improved the quality of the trading aspects and now wish to retire and relocate, offering an excellent opportunity for new proprietors to take advantage of this superb business.

PROPERTY
No 27 is a semi-detached villa, built approximately 100 years ago the property was rebuilt and extended in 1989. Purchased as a family home No 27 has been reconfigured into a popular B&B business. Access is via a side entrance leaving all the windows at the front to take advantage of the views over the open water. The property is presented in excellent condition and is set over 2 floors. The business fronts directly onto the street but has a good sized rear garden with landscaped off road parking for 3-4 vehicles, and open aspect over Stornoway Harbour. There is also on street parking to the front.

LETTING ACCOMMODATION
No 27 has 4 letting rooms all benefiting from views across the harbour. Each room features fluffy towels, bathrobes and slippers plus a flat-screen Freeview TV with DVD player, tea and coffee making facilities and a hairdryer. There is also a comfortable TV lounge with DVD player and dining area. The letting bedrooms are configured as follows;

Room 1 - Twin with en-suite shower
Room 5 - Twin with en-suite shower
Room 3 - Double with walk-in shower
Room 4 - Double with walk-in shower

OWNERS ACCOMMODATION / SERVICE AREAS
The owners’ accommodation comprises a newly fitted kitchen with a seating area. There is also a lounge area within the dining room which the owners can utilise for personal facilities. There are two bedrooms, Rooms 2 and 6, and a private bathroom within the property allocated to owners for private use. In the grounds a shed has been converted into a good sized double bedroom with en-suite facilities. This structure does not have planning permission and could be easily converted back to a shed if so desired.

SERVICES
The property is double glazed and benefits from gas central heating, mains electricity, water and drainage. There is Wi-Fi throughout.

Contact Paul
0845 154 4303
And enter the ID Number:
10533
Price: £299,000
Size: N/A
Sale Type: Business for Sale, For Sale
Property Type: Pub / Restaurant / Hotel
Date Listed: 20 / 11 / 2018
Agency Ref: TwentySeven
brad-enc@legalweb.org.uk kyle-enc@legalweb.org.uk brad-demo@legalweb.org.uk kyle-demo@legalweb.org.uk themachine@legalweb.org.uk