The property comprises a luxury development of 4 dwellings set within mature grounds extending to 0.23ha (0.565 acres) or thereby. There are two semi-detached Category B Listed houses which have been sympathetically refurbished and extended to provide very comfortable and spacious three bedroom living and two modern detached two bedroom cottages. The houses have full residential planning consent with the cottages restricted to short term holiday use only.
Each property offers a terrace and dedicated garden area with parking. With the exception of Cottage 3, each has a hot tub and there is a tree house with a table and chairs for the more adventurous. The properties have been carefully maintained and are being sold fully furnished.
BUSINESS:
The vendor currently runs the development as a holiday letting business. They rent the properties Monday to Friday and Friday to Monday. The current charges are:
Three Bedroom - Current £XXX - 2022 £XXX
Two Bedroom - Current £XXX - 2022 £XXX
Two Bedroom (No Hot Tub) - Current £XXX - 2022 £XXX
The customer has confirmed occupancy levels are currently running at c.70%. There is opportunity to improve income and occupation by installing a fourth hot tub and offering single night stays to capture parties walking the West Highland Way.
The vendors employ a management company to look after the development on a day to day basis. They provide a meet and greet service, clean, maintain the hot tubs and field enquiries from onsite guests. They wish to offer their services to the successful purchaser.
Location
The development is located in Milton of Buchanan, a small village situated between Drymen and Balmaha within Loch Lomond and the Trossachs National Park. Drymen is the main village centre for the area where essential local amenities can be found with Balmaha lying two miles distant providing access to further amenities and Loch Lomond. The wellpublicised West Highland Way which runs from Milngavie to Fort William passes through the village for walkers wishing to avoid a more strenuous approach to Balmaha over Conic Hill.
Accommodation
The accommodation can be summarised as follows:
House 1
- Entrance Hall
- Lounge
- Kitchen
- 3 bedrooms
- Bathroom
- Shower Room
- Floor Area: 132.00 sq m
House 2
- Entrance Hall
- Lounge
- Kitchen
- 3 bedrooms
- Bathroom
- Shower Room
- Floor Area: 108.40 sq m
Cottage 3
- Entrance Hall
- Lounge/Kitchen
- 2 Bedrooms
- Shower Room
- Floor Area: 77.60 sq m
Cottage 4
- Entrance Hall
- Lounge/Kitchen
- 2 Bedrooms
- Shower Room
- Floor Area: 75.80 sq m
Terms
SERVICES - The property is connected to mains supplies of water and electricity. Sewage is connected to a septic tank and space heating is generated by a mix of LPG Gas and electric systems.
VAT - VAT will not be applicable on the sale of the business.
RATING ASSESSMENT - The property has been entered in the current Valuation Roll at a Rateable Value of £XXX
The property is therefore eligible for 100% rates relief under the Small Business Bonus Scheme.
ENERGY PERFORMANCE CERTIFICATES:
House 1 - C
House 2 - C
Cottage 3 - D
Cottage 4 - D
PRICE - Our client is seeking offers in excess of £XXX for their heritable interest in the property.
OFFERS - In the normal Scottish form addressed to this office.
LEGAL COSTS - Each party to bear their own legal costs.
Specification
- 4 Well Presented Fully Furnished Dwellings
- Located within Loch Lomond & The Trossachs National Park
- Next To West Highland Way – c.18 miles from Milngavie
- High Occupancy Levels
- Externally Managed
- Offers Over £XXX