FRASER HOUSE, 49 HUNTY STREET INVERNESS IV3 5HS. Offers Over 375,000 (FREEHOLD)

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1 FRASER HOUSE, 49 HUNTY STREET INVERNESS IV3 5HS Offers Over 375,000 (FREEHOLD)

An outstanding example of a substantial Victorian and wellpresented Guest House within a desirable area of Inverness Uncomplicated home and income lifestyle business opportunity, trading seasonally

2 An outstanding example of a substantial Victorian and wellpresented Guest House within a desirable area of Inverness Uncomplicated home and income lifestyle business opportunity, trading seasonally for 5/6 months Prominent trading location in Inverness, capital of the Highlands, with ease of access to a wide range of facilities and amenities Includes 5 en-suite letting bedrooms all with stunning views over the River Ness, Owner s accommodation comprises, large en-suite double bedroom, large lounge with river views and good sized dining kitchen. Development potential to basement subject to planning permission

DESCRIPTION Fraser House is an attractive detached villa enjoying an excellent trading location with views over the River Ness.

Trading from this most scenic location, the business operates as a three star guest house providing a good level of service and facilities.

Fraser House has enjoyed a certain amount of recent appeal following on from the popular series of books and TV show based on the Outlander series and the connection to the Fraser name The property

4 DESCRIPTION Fraser House is an attractive detached villa enjoying an excellent trading location with views over the River Ness. Situated on Huntly Street within an area well known for its guest houses and restaurants, this bed and breakfast is within a couple of minutes walk of the city center. Trading from this most scenic location, the business operates as a three star guest house providing a good level of service and facilities. Trade comes from two main agencies and of course from tourists utilising the businesses own website or visit Scotland site. Fraser House has enjoyed a certain amount of recent appeal following on from the popular series of books and TV show based on the Outlander series and the connection to the Fraser name The property was built in 1821, and completely stripped out and renovated in 2000, by the current owners, who purchased the property in Particular attention was paid to the fire alarm system, electrics and emergency lighting which were all completed to an extremely high standard. At the same time the extension was built adding the modern kitchen and a further en-suite bedroom, used as the owner s accommodation. The external and internal structure of this property is in good condition, however new owners may choose to modernise the property to reflect todays expectations. The present owner s operate the business on a seasonal basis and trade tends to be for around 6 months of the year, operating from May to the end of the Loch ness marathon (September) There is most certainly scope to operate a much longer period as Inverness certainly enjoys a demand for year round trade and this is an area which could certainly be developed. Trading on the current restricted basis generates a turnover in the region of 35,000. THE BUSINESS Fraser House has established itself as a popular business resulting in a constant stream of regular trade with repeat visitors who have used the services of this guest house over many years. The present operators have in recent years chosen to restrict their operation for personal reasons. The business has excellent potential to trade at a higher level, should new owners wish to maximize trade utilising portal websites and investing further in the business. There are 5 letting bedrooms which drives trade from the many holiday makers and business people who visit Inverness and the surrounding areas. Tourism, a key driver of trade, includes the many visitors who play golf, fish, undertake walking and climbing holidays or partake in a

more sedate excursion of the Highlands taking in the many sites and historical features.

Trip advisor ratings are more than favorable. The business is well-signposted and is supported by a website.

or working in the City. The Guest House is a short walk from the ever-popular Eden Court Theatre and conference centre.

futile attempt to gain the throne in 1746.

undertake their odyssey of the Highlands, being within easy reach of a wide range of visitor attractions.

Such growth benefits established hospitality businesses and ensures a year-round trade.

5 more sedate excursion of the Highlands taking in the many sites and historical features. Other visitors include ornithologists and naturalists who find an abundance of wildlife to keep them busy for an extended stay. Trip advisor ratings are more than favorable. The business is well-signposted and is supported by a website. LOCATION The centre of Inverness is but a few minutes walk from the Guest House and ideally situated for those either visiting nearby shops, restaurants etc. or working in the City. The Guest House is a short walk from the ever-popular Eden Court Theatre and conference centre. Inverness has extensive facilities for visitors boasting two golf courses, an excellent indoor swimming complex, cinema, bowling and ample opportunity to enjoy evening entertainment at a range of venues. Nearby Cawdor Castle offers a taste of Scotland s medieval past while Culloden Battlefield and Visitor Centre is an ongoing testament to Bonnie Prince Charlie s final futile attempt to gain the throne in Whether it is a whisky trail, a boat trip on Loch Ness or a visit to one of the many accessible Scottish castles, the property is ideally situated to allow guests to undertake their odyssey of the Highlands, being within easy reach of a wide range of visitor attractions. Inverness is a vibrant and growing City and with such expansion comes many opportunities in both commerce and social activities. Such growth benefits established hospitality businesses and ensures a year-round trade. The present owners bought Fraser House in 1996 and have enjoyed a rewarding and successful lifestyle to date. It is their desire to relocate that brings this substantial property to the market. THE PROPERTY Of traditional construction, built in 1821, Fraser House, is a substantial detached villa, stone built under a pitched slate roof with more modern extension to the rear. The property is deceptively spacious with accommodation being laid out across three floors. ACCOMMODATION Entry to the property is via a substantial solid outer double door which leads into an entrance vestibule and thereafter, through an inner glazed door, into the reception hallway. This spacious hallway affords access to the lounge, dining room, and basement as well as the stairs leading to the first and second floors. There is also a bathroom on this floor, which used to be

the en-suite for the lounge which was once a large bedroom, owners wishing to maximise letting space may decide to reinstate this as a bedroom.

Rooms are large, with fitted wardrobes, TV and hospitality trays as well as en-suite shower rooms.

The dining room is located to the right of the hallway and is set to four tables and chairs. Access to the kitchen is directly from this room down a short flight of stairs.

Single Room with built in wardrobe and river view en-suite Room 3 - Family Room with Double Bed and bunkbeds, river view en-suite Room 4 - Twin bedded room with river view

To the rear is located a courtyard, shared with next door which allows space for parking of bikes and motorbikes, as well as storage and external dining.

7 the en-suite for the lounge which was once a large bedroom, owners wishing to maximise letting space may decide to reinstate this as a bedroom. The stair case leads to the first and second floor where there are 3 letting bedrooms on the first floor and two further letting bedrooms on the second floor. Rooms are large, with fitted wardrobes, TV and hospitality trays as well as en-suite shower rooms. All the letting rooms have large windows with stunning views over the River Ness. The dining room is located to the right of the hallway and is set to four tables and chairs. Access to the kitchen is directly from this room down a short flight of stairs. Room 1. Family Room with Double bed and bunkbeds, river view, en-suite Room 2. Single Room with built in wardrobe and river view en-suite Room 3 - Family Room with Double Bed and bunkbeds, river view en-suite Room 4 - Twin bedded room with river view en-suite Room 5 Large double bedded room with river view en-suite GROUNDS There is a small are of garden to the front of the property. To the rear is located a courtyard, shared with next door which allows space for parking of bikes and motorbikes, as well as storage and external dining. SERVICES The property benefits from mains electricity, gas, water and drainage. Central heating is gas fired. The house features an integrated internal vacuum system. TRADE Trade is presently operated well below the VAT threshold. Full accounting information will be made available to interested parties subsequent to viewing. WEBSITE EPC RATING This property has an Energy Performance Rating of tbc. DEVELOPMENT POTENITAL There is an area of basement which could be developed subject to consents.

PRICE Offers over 375,000 are invited for the heritable property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

8 PRICE Offers over 375,000 are invited for the heritable property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation. FINANCE & LEGAL SERVICES ASG Commercial is in touch with several lenders who provide specialist finance to the hospitality trade. Paul Hart (Director Commercial Sales) will be delighted to discuss your financing requirements with you and make an appropriate introduction. We have access to a large team of legal experts who can act in all legal matters arising. DIRECTIONS See location map. VIEWING All appointments to view must be made through the vendors selling agents: ASG Commercial Ltd 17 Kenneth Street Inverness IV3 5NR Tel: Mob: E: info@asgcommercial.co.uk Web: OFFERS All offers should be submitted in writing to ASG Commercial Ltd with whom purchasers should register their interest if they wish to be advised of a closing date. Hotels Guesthouses Licensed Retail Offices Industrial Units 17 Kenneth Street Inverness IV3 5NR Telephone Contains Ordnance Survey data Crown copyright and database

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