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Holiday Park Laggan 30 Room Hotel Spean Bridge PH34 4EA £999,000 (£33,300/Room)
Investment Highlights
- Development potential
- Lakeside views
Executive Summary
The subjects comprise a heritable investment generating income from 30 holiday chalets, all held on 60-year pitch/licence agreements entered into between 2019 and 2021. Income is fixed for the first five years and thereafter backdated and subject to annual RPI uplift. The agreements also Provide for a 10% transfer fee on resale and may, by agreement prior to expiry, be extended. Current income is understood to be in the region of £106,000 per annum, exclusive of service costs. The property also includes four cottages with the benefit of short term let (STL) licences, and have potential to generate additional income; a standalone timber-built restaurant/leisure building, and land offering development potential for additional chalets and/or pods. Overall, the property presents a significant asset management, refurbishment and development opportunity across the wider holding.
Property Facts
| Price | £999,000 | Costar Property Class | C |
| Price Per Room | £33,300 | Total Plot Size | 0.75 ac |
| Sale Type | Investment | Property Size | 32,842 sq ft |
| Sale Condition | Auction Sale | No. Rooms | 30 |
| Tenure | Freehold | No. Floors | 1 |
| Property Type | Hospitality | Year Built | 2000 |
| Property Subtype | Hotel |
| Price | £999,000 |
| Price Per Room | £33,300 |
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Tenure | Freehold |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | C |
| Total Plot Size | 0.75 ac |
| Property Size | 32,842 sq ft |
| No. Rooms | 30 |
| No. Floors | 1 |
| Year Built | 2000 |
Room Mix Information
| Description | No. Rooms | Daily Rate | sq ft |
|---|---|---|---|
| Guest Room | 30 | - | - |
1 1
Contacts
-
Shepherd Chartered Surveyors Neil Calder -
Reece
Henderson
- Shepherd Chartered Surveyors
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Holiday Park | Laggan
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