Key Features
Prime investment opportunity in the heart of Portree
Long-term tenant in occupation until 2032
Secure current rental income of £32,000 per annum
Stunning harbour, sea and island views
Popular 28-cover café and restaurant premises
Modern, fully equipped commercial kitchen
Attractive outdoor seating and trading area
Exceptional Isle of Skye tourism location
Highlight
Prime investment opportunity in central Portree, providing secure rental income and occupying an outstanding position with spectacular harbour views.
Established 28-cover café and restaurant with a fully equipped commercial kitchen and attractive outdoor trading area in a highly sought-after Isle of Skye tourism location.
Description
1 Bosville Terrace is an attractive semi-detached commercial property extending to approximately 66 m² (710 sq ft), occupying a prominent trading position in the heart of Portree. Set in an elevated position with appealing views over the harbour, the property features a first-floor café/restaurant dining area.
Dating from around 1920, the building was converted from a residential to a restaurant in 2014. Recently the building has been modernised in and is well presented throughout, with practical service areas suited to its current café and restaurant use.
The property is offered for sale subject to an existing tenancy and is currently occupied by Rice & Noodles, a popular established restaurant, under a 12-year lease granted in 2020. This provides an incoming purchaser with the benefit of an established commercial tenant and immediate rental income. Further lease details are available on request.
Trade
LEASE
The property is offered for sale subject to an existing 12-year Full Repairing and Insuring (FRI) lease, granted in 2020 which runs until 2032 at an annual rent of £30,000, with provision for an 8% rental uplift thus the current rental figure as of 2026 is £32,000.
The premises are currently occupied by Rice & Noodles, a popular established restaurant, providing an incoming purchaser with the benefit of an established commercial tenant and immediate rental income.
Full lease details are available from the selling agent.
Location
The Isle of Skye is one of Scotland’s best-known tourist destinations, attracting visitors throughout the year for its scenery, outdoor activities and cultural attractions. Portree is the island’s largest settlement and principal commercial and tourism centre, providing a wide range of shops, cafés, restaurants, accommodation and visitor services. The town’s attractive natural harbour is a focal point for tourism, with fishing boats, pleasure craft and visiting cruise ships contributing to visitor activity.
As the main hub for those travelling around Skye, Portree benefits from a strong tourism economy and high levels of visitor footfall, supporting demand for well-located commercial premises. The property occupies a prominent central position within the town, making it well placed to benefit from both local and visitor trade.
Accommodation
The Property
The property is a traditional stone-built, two-storey semi-detached building dating from the 1920s, with an attractive pitched natural slate roof. The exterior walls are harled and painted white, complemented by dormer windows with a wood-stained finish. All ground-floor windows are UPVC, while traditional cast-iron guttering adds to the character and period appearance of the property.
Ground floor
The street-level entrance opens into a welcoming reception area with a reception/small bar servery, from which a timber staircase leads to the first-floor open-plan dining area. Numerous windows provide excellent sea and harbour views, creating a bright and attractive dining environment.
Additional features include a striking slate feature wall and a rear-facing window overlooking the natural rock formations behind the property.
At ground-floor level, the customer facilities comprise a male WCs together with a separate accessible/female WC.
The kitchen is conveniently accessed from the reception area and is arranged in an L-shaped configuration, incorporating dedicated preparation, pot-wash and food service areas. The kitchen is modern, well equipped and benefits from a full commercial extraction system.
First Floor
The first-floor dining area provides approximately 28 covers and is attractively presented with a warm, contemporary Highland-style interior. The accommodation features timber dining tables, tartan-upholstered chairs and comfortable fixed leather banquette seating.
A striking slate-effect feature wall provides an attractive focal point, while the coombed ceilings, recessed lighting and extensive windows create a bright and characterful dining environment.
Timber balustrading surrounds the stairwell and complements the natural finishes throughout.
Terms
Reason For Sale
The current owners who have owned and redeveloped the property since 2006, are selling this attractive commercial investment as part of a consolidation of their wider property portfolio.
Rates / Council Tax
The rateable value of the property is £14,000 as at April 2026, reference number 04/06/057600/6. The business may benefit from some rates relief under the Small Business Bonus Scheme with a payment liability in a sliding scale.
Finance and Legal Services
ASG Commercial Ltd is in touch with a variety of different lenders who can provide specialist finance. We will be delighted to discuss your financing requirements with you and make an appropriate introduction where appropriate. We also have many contacts in the legal profession who can assist in all legal matters arising.
Specification
The business benefits from mains electricity, water and drainage. Heating is provided by electric systems throughout the property, with LPG gas used for cooking. The property is fully double-glazed and complies with current fire safety requirements.