- SUCCESSFUL HOTEL
- SPECTACULAR SETTING
- FOR SALE AS A GOING CONCERN
- WELL MAINTAINED PROPERTY
- WELL MAINTAINED GROUNDS
- HELICOPTER FRIENDLY
- INTERESTED PARTIES CONTACT K ALLAN PROPERTIES
K Allan Properties are delighted to present the highly reputable Foveran Restaurant with Rooms to the market as a thriving, going concern. The business has been successfully operated by two Orcadian families for over 20 years and is a prime opportunity for a new owner to come and take over to continue the success. The Foveran is a popular, go to restaurant for an evening of relaxed dining for locals and travellers from all over the world. The reputation of the business is a true credit to the owners. A popular venue for functions such as weddings, birthdays and anniversaries.
Set amid green fields and heathland, The Foveran Restaurant with rooms is situated on the outskirts of the main town of Kirkwall, with panoramic sea views. The award-winning restaurant is perfectly positioned, overlooking the famous anchorage of Scapa flow and comprises of 8 guest bedrooms, a restaurant that can accommodate around 80 and a spacious 3-bedroom property which provides a high standard of owner's accommodation a stone's throw from the business.
The business sits on approximately 7 acres of land, including access to a small area of coastline, the remainder is heathland and lawn. The car park has 25 parking spaces, 2 of which are outlined for disabled visitors. Included in the sale is a 5kw Evance wind turbine which benefits from F.I.T. (Feed-In Tariff) payments.
Heating and hot water is supplied entirely from 2 Biomass boilers. These also benefit from R.H.I. (Renewable Heat Incentive) payments. Mill House runs on oil central heating.
The sale includes a spacious 3-bedroom property which is a restored former mill. The Mill House comprises of an entrance hall, kitchen/diner, spacious living room with a former mill which sits proudly in its original position, 3 bedrooms, one with en-suite, utility room, bathroom, sunroom, and a large double garage/workshop.
ACCOUNTS Trading information is available to interested parties upon request with a formal note of interest from legal representation.
TENDURE The property is held on a freehold basis.
GUIDE PRICE The expected sale value is £1.295.
LICENCES We understand that the hotel benefits from all the necessary licences for the conduct of the business.
VIEWINGS Strictly by appointment with K Allan Properties. Prior to making an appointment to view we strongly recommend that you discuss any points which are likely to affect your interest in the property with a member of staff who has seen the property in order that you do not make a wasted journey.
LOCATION The hotel is situated overlooking Scapa Flow in St Ola, Orkney Islands which are located 10 miles north of the Caithness coast. The Orkney mainland is home to a population of approximately 22,000. Orkney is on the Northcoast 500.
The Foveran is situated just over 3 miles from Kirkwall airport and is a short drive from the main towns of Kirkwall and Stromness. Loganair provide a regular flight service to the mainland from Aberdeen, Glasgow, Edinburgh, and Inverness airports. A ferry service is available from Kirkwall to Lerwick in Shetland and to Aberdeen on the mainland, with a further port provided at Stromness linking to Thurso on the north mainland. There is also another ferry from Gills Bay - St Margaret's Hope.
ADDRESS: The Foveran Restaurant with Rooms, A964, St Ola, Scotland, KW15 1SF
DIRECTIONS: Take the A964 from Kirkwall. The signposts can be found on the side of the road, along with a K Allan Properties for sale sign.
CONTACTS: For more information on this exciting opportunity contact:
+44 (0)1856 876377