Vacant Commercial Property LOT 190

 Loch Erisort Inn, Isle of Lewis, HS2 9RA
GUIDE PRICE

Deadline for Offers

09 December 2021, 3pm

Bidding Closes in

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  • TypeCommercial
  • Ownership Freehold
  • Occupation Vacant
  • Rateable Value Search SAA

Description

Full Address:  Loch Erisort Inn, Isle of Lewis, HS2 9RA

Large 7 BED Hotel in picturesque location on the Isle of Lewis. IDEAL INVESTMENT with the potential to earn up to 172,900 PER ANNUM when fully occupied.

The property is arranged over 2 levels, On the ground floor the property has onsite residential quarters (two rooms and en-suite) along with bar, fully fitted kitchen and restaurant facilities.

The first-floor level provides 5 refurbished rooms available for let, comprising 3 double rooms a twin and a family room all of which have en-suite bath and overhead showers.

Fantastic location makes this property ideal for holiday makers. Scenic views over Loch Erisort and the Eishken and Pairc hills.

Peaceful and tranquil setting ideally situated for exploring both Harris & Lewis. Situated midway between Stornoway and Tarbert, about 1.5 miles along the B8060 at Balallan.

Large 7 BED Hotel in picturesque location on the Isle of Lewis. IDEAL INVESTMENT with the potential to earn up to 172,900 PER ANNUM when fully occupied. The property is arranged over 2 levels, On the ground floor the property has onsite residential quarters (two rooms and en-suite) along with bar, fully fitted kitchen and restaurant facilities with male and female toilets. The first-floor level provides 5 refurbished rooms available for let, comprising 3 double rooms a twin and a family room all of which have en-suite bath and overhead showers. Restaurant area with 38 table covers. Large Function Room holding up to 100 with potential to expand. Some upgrading and refurbishment required. Fantastic location makes this property ideal for holiday makers. Scenic views over Loch Erisort and the Eishken and Pairc hills. The Inn occupies a peaceful and tranquil setting, and is ideally situated for exploring both Harris and Lewis. Situated midway between Stornoway and Tarbert, about 1.5 miles along the B8060 at Balallan, in the Pairc area of South Lochs. Rental potential of up to 95,00 per room per night with the potential to earn up to 172,900 PER ANNUM when fully occupied. Perfect for investor landlord. The property has mains water, a septic tank, LPG cooking and heating through an oil fired system.

Situated midway between Stornoway and Tarbert, about 1.5 miles along the B8060 at Balallan, in the Pairc area of South Lochs. Lewis is in the northern part of the largest of the Western Isles of Scotland otherwise known as the Outer Hebrides. It is an island of immense natural beauty and contrasts with deserted golden sandy beaches, long stretches of rocky coastline, miles of heather moorland and small villages and ports.

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Location

Pricing Information & Bidding

Guide Price: £235,000


What is a Guide Price... Auction Guide Prices are displayed as an indication of each seller's approximate sale expectation. They are not necessarily figures which a property will sell for and may change prior to the auction.

Offer Now... You may submit an offer now on this property for the owner to consider ahead of the set auction. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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Terms of Sale

  • 10% Deposit
  • Standard Completion
  • Buyers Fee = 2.5% of Sale Price (Minimum £2,500 + vat)

* STANDARD TERMS are 4 week completion with 1 week extension. Sellers can request a varied completion and buyers must satisfy themselves prior to bidding.

Auction Details

Date & Time: 09 December 2021, 3pm
Type: Deadline for Offers

View Full Auction Catalogue

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