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Otter Lodge Bed and Breakfast Otter Lodge Bed and Breakfast 5 Room Bed and Breakfast Broadford IV49 9AQ $794,138 ($158,828/Room)
INVESTMENT HIGHLIGHTS
- Otter Lodge is a popular bed and breakfast business which has successfully traded for many years.
EXECUTIVE SUMMARY
This is an investment opportunity to purchase Otter Lodge which is a popular bed and breakfast business which has successfully traded for many years. The business is presented to the market in turnkey condition and is ready to operate with no requirement for additional significant capital investment. The sale of Otter Lodge represents an exceptional opportunity for new vendors to own a lovely property and operate a charming lifestyle business on the main route through Skye.
The vendors trade the business just below the VAT threshold on a part year basis, income being generated during the period from April to October. They operate at nearly 100% occupancy during most of the main tourist season. A 3-night minimum stay is in place, thus simplifying the operation of the business. The business has been positioned to cater for those wishing to enjoy the many outdoor pursuits available in Skye. Consequently, the business has an equipment drying facility and the availability of dive bottle filling, one of the few on the island.
The vendors trade the business just below the VAT threshold on a part year basis, income being generated during the period from April to October. They operate at nearly 100% occupancy during most of the main tourist season. A 3-night minimum stay is in place, thus simplifying the operation of the business. The business has been positioned to cater for those wishing to enjoy the many outdoor pursuits available in Skye. Consequently, the business has an equipment drying facility and the availability of dive bottle filling, one of the few on the island.
PROPERTY FACTS
| Price | $794,138 | Lot Size | 0.11 AC |
| Price Per Room | $158,828 | Building Size | 4,099 SF |
| Sale Type | Investment | No. Rooms | 5 |
| Tenure | Freehold | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1980 |
| Property Subtype | Bed and Breakfast | Parking Ratio | 1.43/1,000 SF |
| Building Class | C | Corridor | Interior |
| Price | $794,138 |
| Price Per Room | $158,828 |
| Sale Type | Investment |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Bed and Breakfast |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 4,099 SF |
| No. Rooms | 5 |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.43/1,000 SF |
| Corridor | Interior |
AMENITIES
- Bed & Breakfast
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 5 | $180.18 | - |
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