Licensed and Leisure
LICENSED COUNTRY INN - TO LET ALLANGRANGE ARMS 54 MILLBANK ROAD MUNLOCHY IV8 8NL
Comprehensively refurbished Country Inn with 5 En-Suite Letting Bedrooms 42 Cover Restaurant and Resident’s Breakfast room Public Bar with Lounge offshoot 3 Apartment Owner’s Accommodation Beer Garden, Front Patio and 20 Space Surface Car Park Rent £25,000 per annum exclusive / Ingoing Premium £75,000
Licensed and Leisure
The first floor provides five en-suite letting bedrooms. There is also three apartment owner’s accommodation which is located over the first floor and attic level. Externally there is an attractive front patio, a large beer garden to the rear and car park which can accommodate up to 20 vehicles. The Allangrange has been recently comprehensively refurbished and upgraded to a high standard commensurate with a good quality destination venue and is in excellent condition and decorative order throughout
Trading Information Accounts for the years ending 31st August 2015 and 31st August 2014 have been provided and which show the following :Turnover 31/8/2014 Turnover 31/8/2015
Location The Allangrange is located at the edge of the attractive village of Munlochy on the Black Isle, some 10 miles north of Inverness. Munlochy can be reached via the A832 at Tore on the A9 , or alternatively via the B9161 from the A9 at North Kessock
£450,035 £523,618
The property is currently under management. We are of the opinion that turnover and profitability can be substantially improved, with a hands on operator who may choose to live in the owner’s accommodation
Rateable Value The Allangrange is listed in the Scottish Assessors Association Website as having a Rateable Value of £8,700, of which £1,200 is apportioned to the residential element of the property.
Description The Allangrange Arms is a traditional, detached, two storey plus attic, extended, Country Inn which is arranged to provide a ground floor restaurant with approximately 42 covers, a public bar with lounge offshoot, two sets of customer toilets, a large commercial kitchen with prep and storage areas, and a guest’s breakfast room.
Allangrange Arms, Munlochy IV8 8NL
At the time of preparation of the particulars the draft figures for the 2017 rating revaluation were not shown on the Assessors website.
Energy Performance Certificate An EPC is to be prepared and will be available upon request.
Licensed and Leisure
Licence
Value Added Tax
A full premises license is held with extensions to enable trade until 1am on Friday and Saturday.
Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
The Opportunity Rental offers of £25,000 plus premium of £75,000 are sought for a 10 year internal repairing lease of a comprehensively refurbished and upgraded Country Inn. The Allangrange Arms is fully equipped and furnished and the premium payment will cover the purchase of all fixtures and fittings.
Legal Costs Each party will be responsible for their own legal costs incurred with an ingoing tenant/purchaser being responsible for any Stamp Duty Land Tax, recording dues and VAT as applicable.
Viewing / Further Information Viewing strictly by appointment with agents. Douglas Lambie M. 07909 092 642 [email protected]
Date of Publication: March 2017
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warra nty whatever in relation to this property.
Comprehensively refurbished Country Inn with 5 En-Suite Letting Bedrooms 42 Cover Restaurant and Resident’s Breakfast room Public Bar with Lounge offshoot 3 Apartment Owner’s Accommodation Beer Garden, Front Patio and 20 Space Surface Car Park Rent £25,000 per annum exclusive / Ingoing Premium £75,000
Licensed and Leisure
The first floor provides five en-suite letting bedrooms. There is also three apartment owner’s accommodation which is located over the first floor and attic level. Externally there is an attractive front patio, a large beer garden to the rear and car park which can accommodate up to 20 vehicles. The Allangrange has been recently comprehensively refurbished and upgraded to a high standard commensurate with a good quality destination venue and is in excellent condition and decorative order throughout
Trading Information Accounts for the years ending 31st August 2015 and 31st August 2014 have been provided and which show the following :Turnover 31/8/2014 Turnover 31/8/2015
Location The Allangrange is located at the edge of the attractive village of Munlochy on the Black Isle, some 10 miles north of Inverness. Munlochy can be reached via the A832 at Tore on the A9 , or alternatively via the B9161 from the A9 at North Kessock
£450,035 £523,618
The property is currently under management. We are of the opinion that turnover and profitability can be substantially improved, with a hands on operator who may choose to live in the owner’s accommodation
Rateable Value The Allangrange is listed in the Scottish Assessors Association Website as having a Rateable Value of £8,700, of which £1,200 is apportioned to the residential element of the property.
Description The Allangrange Arms is a traditional, detached, two storey plus attic, extended, Country Inn which is arranged to provide a ground floor restaurant with approximately 42 covers, a public bar with lounge offshoot, two sets of customer toilets, a large commercial kitchen with prep and storage areas, and a guest’s breakfast room.
Allangrange Arms, Munlochy IV8 8NL
At the time of preparation of the particulars the draft figures for the 2017 rating revaluation were not shown on the Assessors website.
Energy Performance Certificate An EPC is to be prepared and will be available upon request.
Licensed and Leisure
Licence
Value Added Tax
A full premises license is held with extensions to enable trade until 1am on Friday and Saturday.
Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser must satisfy themselves independently as to the incidence of VAT in respect of any transaction.
The Opportunity Rental offers of £25,000 plus premium of £75,000 are sought for a 10 year internal repairing lease of a comprehensively refurbished and upgraded Country Inn. The Allangrange Arms is fully equipped and furnished and the premium payment will cover the purchase of all fixtures and fittings.
Legal Costs Each party will be responsible for their own legal costs incurred with an ingoing tenant/purchaser being responsible for any Stamp Duty Land Tax, recording dues and VAT as applicable.
Viewing / Further Information Viewing strictly by appointment with agents. Douglas Lambie M. 07909 092 642 [email protected]
Date of Publication: March 2017
Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of t his property whose agents they are given notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warra nty whatever in relation to this property.
