£129,995 Guide Price
We are delighted to offer to auction the beautifully presented Thorlee Guest House, enjoying prime central Stornoway location, overlooking Stornoway Harbour on Isle of Lewis.
The property is set out over ground, first and second floors and comprises entrance hall and pantry on the ground floor. Five en-suite bedrooms and utility room on first floor with a further four en-suite bedrooms, utility room and recently refitted kitchen on the second floor. With increasingly strong tourist demand in the area, this property offers an exciting opportunity to exploit this strength of interest and create a profitable business in an outstanding location. The property is finished to a high level throughout, and offers many attractive traditional features including sweeping staircase and high ceilings. Further benefits include newly fitted combi gas boiler system, double glazing and fire doors throughout.
The current owners chose not to operate as a Guest House business, but local market review would suggest that the room rate could, in peak season, potentially produce income in excess of £100 per room per night, and this income could be increased further with the additional investment, adaptations and permissions required to provide a full bed and breakfast service.
Interested parties should, of course, conduct their own due diligence with regards to income potential and required additional facilities/permissions. The published Rateable Value is £8700 which means this property could qualify for rates relief under the Small Business Bonus Scheme.
Isle of Lewis properties are always popular and this fantastic business potential, offered at a highly competitive Guide Price, is sure to attract high levels of demand. We recommend early expression of interest as this rare opportunity is expected to move quickly.
** Please note that whilst the purchase price is inclusive of fixtures and fittings, furniture, bedding, towels, crockery, etc are all available for purchase by separate negotiation **
Stornoway is the main town and port on the Isle of Lewis and is also home to the Western Isles Council. The town offers a range of retail and leisure options and also schooling at all levels as well as a technical college. Ferry routes connect the island to Ullapool on the mainland.
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