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Highly Attractive Self-Contained Apartments, Set In Inverness For Sale

Inverness, Highland, UK
Asking Price:
£420,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

• Substantial property currently operating as 4 self-catering letting units within ever-popular city of Inverness.

• Trading highly profitably generating income from both long-term and holiday lets.

• Easily run lifestyle opportunity enjoying year-round trade.

• Set within a 10-minute walk from the City Centre and close to local amenities.

• Presently configured to 4 apartments; 3 have been fully moderinised offering a high level of provision and comfort.

• Off road parking plus amenity space and storage to the rear of the subjects.

Property Information

Property:

Freehold

Location:

The apartments at 72 Telford Road are ideally situated centrally to Inverness City Centre, highly convenient for guests wishing to walk to nearby shops, restaurants etc. Equally, the apartments are an ideal base from which explore the wider Highlands. The city itself has extensive facilities for visitors boasting three golf courses, an excellent indoor swimming complex, cinema, bowling and ample opportunity to enjoy evening entertainment at a range of venues which include Eden Court Theatre. 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 1746. Whether it be a Whisky Trail, a boat trip on Loch Ness or a visit to one of the many accessible Scottish castles (including Inverness Castle), the property is an ideal base being within easy reach of a wide range of visitor attractions. The City of Inverness has benefitted from much expansion over the past few years and has a full range of social and welfare facilities associated from a modern city.

Inverness is also a popular city in which to live with a vibrant cultural offering and the presence of many social and entertainment venues close-by. The city also has excellent communications links (bus and rail station, with the airport 15 minutes' drive away). Schooling in Inverness is plentiful plus the University of the Highlands and Islands provides a wide-range of tertiary level courses. The welfare amenities in Inverness are also excellent with a major hospital plus many outreach services.

Premises Details:

Description
Telford Road apartments are set within a Victorian property enjoying a prominent position close to Inverness City Centre. Located off one of the main roads leading to the city, 72 Telford Street is a deceptively large property offering 3 beautifully developed holiday apartments with a further apartment on the attic floor, currently used for a long-term let and which could be used for owner’s accommodation if desired. The building has been recently extensively modernised and is now presented in generally excellent condition. The owners have invested heavily into the infrastructure and ensured that the systems within the building are of a high standard including new flooring, redecoration, new fixtures and fittings, new boiler being installed and upgraded electrics within recent years. The building has a compliant fire system. The subjects also boast a spacious garden to the rear and offers off-road parking plus a general-purpose block-built garden shed.

Trade
Currently trading purely on a self-catering and long-let basis, the property provides a solid level of profitability. Three letting units are marketed via Air B and B which provides a high level of occupancy during the main tourist season but generates activity year-round. The attic studio flat is presently leased on a long-term basis. The accommodation does not have its own website and this offers an element of business development to new owners. In addition, the business could be readily expanded with a more proactive marketing strategy, possibly using portal websites. Inverness is a highly popular area with golfers, anglers, ornithologists and those active in genealogical research, not to mention business clientele and of course tourism - the prime business driver. The sale of 72 Telford Road offers a desirable self-employment and lifestyle opportunity in the heart of Inverness, and with some reconfiguration of the business model, a home.

The property
Of traditional stone construction built in the early 1900’s with a more recent extension to the rear, Fairways is an ornate and attractive detached villa under a slate roof. Accommodation is laid out over three floors and is in generally good order throughout. From a most prominent trading location on Telford Road, entry to the house is via a double glazed outer door leading into a vestibule which in turn leads to the main hallway. Here stairs lead to the first and second floors. Off the hallway a door leads to the ground floor apartment.

The three short-term letting units on the ground and first floor are all well-appointed and have an excellent range of facilities. The décor is finished to a high standard. The attic apartment would benefit from some upgrades bringing it up to the same standards as the three ground floor units.

Ground Floor
Apartment 1 (Cromarty)
This unit is a 2-bedroom apartment with 1 double bedroom benefiting from an en-suite shower room. There is a second shower room for exclusive use of bedroom 2 which is also a double. There is a dining room plus a separate kitchen, which is beautifully appointed. The lounge is spacious and attractive with an electric fire and wall-mounted TV.

First Floor
Apartment 2 (Lovatt)
This is a 1-bedroom flat but with a sofa bed in the lounge so it can sleep up to 4 persons. The main bedroom benefits from an en-suite shower room plus there is a secondary shower room / washroom. Lovatt has a dining-kitchen which is perfectly formed.

First Floor
Apartment 3 (Fraser)
Fraser is a 1-bedroomed apartment with a large shower room, lounge and a fully provisioned kitchen plus a breakfast bar. The bedroom features a king-sized bed and ample storage. The bathroom is modern and features a spacious electric shower. The living room is bright and spacious with a modern fireplace and wall mounted TV.

Attic Floor
This self-contained unit has a kitchenette, double bedroom with en-suite wash hand basin and W.C. plus shower cubicle (1.3M x 7.3M). There is also spacious storage.

Grounds
The building has direct access to the pedestrian pavement with a small gravel garden to the front aspect. The property is well-sign posted and entry is via an iron gate. To the rear of the business is a garden area with high walls for privacy and is mainly laid to grass with some paved/concrete areas. There is a block-built storage shed. The concreted area can accommodate 3 cars.

Services
The property benefits from mains electricity, gas, water and drainage. With gas-fired central heating. The property is fully fire compliant. The building is double glazed throughout.

Other Information

Related Documents:

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