The Standing Stones hotel is a detached traditional hotel which was originally build in 1896. The hotel has been modernised and extended over the years with the latest refurbishment taking place in 2019/2020. The hotel currently has 17 en-suite letting rooms over first and second floor, however has planning permission for a further 20 bedrooms and large function room.
At ground floor there is a reception with office, large bar/restaurant which can accommodate 100 + covers, lounge, commercial kitchen, prep area and function room which can accommodate up to 250 people.
In addition, the hotels has a laundry, two cellars, dry store, large walk in chill, two garages, field sports store, drying room, kennel and hanging room.
The hotels is serviced by mains water, electricity and drainage along with LPG for cooking and three biomass boilers for heating and water.
Location
The Standing Stones is located within the village of Stenness, Orkney. Stenness, albeit a small hamlet, it is world renowned for several notable prehistoric monuments making it a very popular destination for tourists throughout the year.
Orkney is a group of islands situated six miles from the north east tip of the Scottish mainland. The largest of the Orkney islands is referred to as the mainland which has good ferry and air connections to the British mainland.
The Standing Stones forms a good base for touring the various historical sites the islands are famous for. These include the Heart of Neolithic Orkney, a New World Heritage Site comprising the Ring of Brodgar, Skara Brae, the Stones of Stenness and Maeshowe. All of which are within easy reach of the Hotel.
Accommodation
Ground Floor: Entrance vestibule, reception with small reception office, large restaurant/bar, customer toilets, fully fitted commercial kitchen, prep area, function room.
First Floor: 11 en-suite letting bedrooms comprising four twin rooms, four single rooms, two double rooms and one family room.
Second Floor: three double rooms, two family rooms and one twin room.
External: There are a variety of outbuildings on site. Sizeable grounds and car parking
THE BUSINESS: The Standing Stones offers an easily managed popular and busy hotel which provides good levels of year round trade, and the possibility to improve this by offering food to non-residents as well as the construction of the further 20 bedrooms.
The Standing Stones operates 52 weeks a year and is popular with tourists during the summer months.
Planning permission was granted in June 2020 for a 20-bedroom extension which will all the hotel to accommodate large coach tours and has the potential to increase the turnover of the business. In addition to the 20 bedrooms the plans include the formation of a 300 person function room.
Terms
ACCOUNTS: Trading accounts are available upon request to seriously interested parties.
FUNDING: The property is owned and operated by Standing Stones Hotel Ltd. It may be possible to transfer the existing finance arrangements to the new owner subject to the required approvals.
Additionally the vendor may consider a PX of freehold property.
PRICE: Our clients are seeking offers over £XXX for the property, fixtures and fittings.
LEGAL COSTS: Each party to be responsible for their own legal costs incurred during the transaction with the ingoing purchaser being responsible for stamp duty, land tax, registration dues and VAT incurred.
ENERGY PERFORMANCE: A copy of the Energy Performance Certificate (EPC) for the properties are available upon request.
ENTRY: Early entry can be afforded on completion of legalities. The current vendor is happy to give any purchaser an extensive handover and transition period.
Specification
- Licensed hotel with 17 en-suite letting rooms.
- Recently refurbished and upgraded
- Large function suite (250 person capacity)
- Excellent location close to both the Standing Stones of Stenness and the Ring of Brodgar.
- Planning permission for a further 20 bedrooms and function room
- Potential redevelopment opportunity