COVID-19 – Important Auction Information
For Sale By Auction | 14:00, 02 September 2022

Braeriach Hotel, Main Street, Newtonmore, Highland, PH20 1DA

*Guide | £299,000 (plus fees)

  • Hotel
  • 11 Bedrooms
  • Tenure: Freehold

Call the team on 0141 339 4466 for more information

Auction Date

Fri 02/09/2022

Auction Time

14:00

Auction Venue

Radisson Red, 25 Tunnel Street, Glasgow, G3 8HL

Hotel with owners accommodation

We are delighted to offer to auction the popular Braeriach Hotel, enjoying ideal trading location on Newtonmore Main Street in the heart of the Cairngorm National Park. The accommodation extends to approximately 650 sq.metres over three floors, with additional two bedroom owners' accommodation to the rear. Accessed directly from the main street, the entry level offers public bar area with feature log burner, and a mix of sofas and tables and chairs, with a pool and darts room to the rear, as well as ladies and gents washrooms. Across the hallway can be found the dining room (currently undergoing light refurbishment and re-furnishing), with well-equipped commercial kitchen to the rear. The 11 letting rooms occupy the first and second floors: on the first floor are rooms 1 to 6 comprising 2 x twin rooms (1 en-suite), 2 x family bedrooms (both en-suite), 1 x double (en-suite) and 1 x single room. The rooms without en-suite facilities are served by two separate bathrooms; the second floor offers a further 5 rooms (4 x doubles, 1 x single) with shared bathrooms. One of the double bedrooms is currently being used as a storeroom. There is also a one bedroom studio apartment to the rear, currently under a long term let. The owner's accommodation to the rear offers open plan lounge/dining/kitchen area, two bedrooms and bathroom. Further benefits include outbuildings and storage to the rear, as well as a sheltered beer garden with seating and picnic tables. The hotel is currently operated on a bar sales and room letting basis only and enjoys strong demand from both local and tourist trade. Trade could be increased further by reintroduction of bar/evening meals, which could be easily accommodated by existing kitchen/dining facilities. Strong levels of room occupancy are driven by the hotel's association with the OYO Group which maximises room occupancy with minimal hassle to the operator. There may also be the possibility to convert/reformat the existing accommodation into serviced accommodation units/holiday rentals which, of course, would be subject to the required planning approvals. This exciting business opportunity is sure to interest both start-up and experienced operators, with immediate income generated from a well-established and popular hospitality operation, with growth potential through the addition of dining services. Council Tax Band: A

Tenure

Freehold

Area

The village of Newtonmore sits within the Cairngorms National Park, surrounded by stunning scenery and dramatic landscapes. A range of local facilities are on offer, with a greater variety available in nearby Kingussie. Newtonmore is a popular base for those looking to explore the wider area, with hillwalking, mountaineering and a wide range of other outdoor pursuits in the immediate area. In the winter months, the area is popular with skiers visiting the Cairngorm and Monadhliath mountain ranges. The village sits close to the main Inverness/Perth route, and is also served by its own train station.

Local Authority

Highland Council

Additional Fees

Administration Charge - Purchasers will be required to pay an Administration/Auction Fee of 3.6% of the purchase price of the property including VAT, subject to a minimum of £3,600 including VAT, unless otherwise stated.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.