Retail in IV42 available for sale
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Retail Property for Sale near the IV42, Isle Of Skye

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Retail Properties for Sale Within 5 miles of the IV42, Isle Of Skye

More details for Castle Moil Restaurant & King Haakon Bar, Kyleakin - Retail for Sale

Castle Moil & Bar - Castle Moil Restaurant & King Haakon Bar

Kyleakin, IV41 8PL

  • Retail for Sale
  • £695,000
  • 754 sq ft

Kyleakin Retail for Sale - Lochaber/Skye/Lochalsh/Arran

Offers over £695,000 are invited for the heritable property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation. Alternative sale options may be available, contact the selling agents for further information. Highly attractive and profitable bar and restaurant in a beautiful coastal location in the village of Kyleakin. The Castle Moil Restaurant & King Haakon Bar is a most attractive business opportunity within a stunning coastal setting providing access to some of the most awe-inspiring scenery the Highlands of Scotland has on offer. A substantial detached property situated in the village of Kyleakin on the ever-popular tourist destination that is the Isle of Skye, the business has a significant footprint within a lovely and central village setting. This well-presented business benefits from open views towards the Loch and hills making it a destination location. The business presents a large trading entity which is summarised as a significant restaurant to seat around 70 covers for normal service, and up to 100 for functions plus a bar which can hold over 100 guests. To the front and loch-side of the building is external seating to accommodate up to 90 covers, which is popular during warm spring and summer evenings. The popular retail unit is currently leased on an open-ended contract but vacant possession can be provided, if required. This shop unit extends to around 70m2. In addition, there is flexible accommodation on the first floor including a spacious 3-bedroom owners flat which would be ideal for a family / partnership operation. In addition, there are 2 further rooms set aside for staff use, one being en-suite, plus a 7-bed bunkroom. The provision of extensive family / staff accommodation lends itself to an extended family lifestyle business or a chain operator trading under management. The owner first purchased the business in 1997 and sold it in 2007. In 2012 he re-acquired the business which has, during his 2 periods of ownership, provided an excellent quality of life and a sound investment. The business is a highly profitable and sustainable trading proposition both in terms of income and the infrastructure. It is the vendors desire to retire that brings the property onto the market.

Contact:

ASG Commercial

Property Subtype:

Restaurant

Date on Market:

24/09/2025
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FAQs about Retail property for sale in IV42

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How many Retail Property listings are available for sale in IV42?
There are currently 0 Retail Properties available for sale near IV42. These IV42 Retail Property listings have an average size of. The largest available listing in IV42 is. The thriving commercial centre and excellent transport links in IV42 make it an ideal location for businesses to find suitable Retail Property for sale.
How much does it cost to buy Retail Property in IV42?
The average price/SF for Retail Property for sale in IV42 is about. The cost per sq ft for Retail Property in IV42 ranges from to , depending on the location and the size of the property.
What factors could affect the prices of Retail Properties in IV42?
Several factors can impact the price of Retail Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices currently range from to per square foot. While the average net initial yield for Retail Properties is.
What is the largest Retail Property available for sale in IV42?
Currently, the largest Retail Property available to buy is and the smallest is. The average size of Retail Property available for sale in IV42 is approximately.
What are the benefits of investing in retail property?
Retail property can offer long-term rental income, especially with established tenants. High street shops, shopping centres, and neighbourhood parades all offer opportunities for stable yields, with leases often structured on full repairing and insuring (FRI) terms.
What risks should I consider when buying retail property?
Risks include tenant turnover, void periods, changes in consumer habits, and local competition. Location is key—properties in well-trafficked or affluent areas tend to be more resilient to market shifts.
How does lease length affect retail property investment?
Longer leases (typically 5–15 years) can provide more predictable income. Some leases include upward-only rent reviews, which help protect returns over time. It's important to review break clauses and rent-free periods during due diligence.
What types of tenants occupy retail property?
Retail tenants include national chains, local independents, convenience stores, restaurants, salons, and service providers. National brands may offer greater covenant strength, while independents can offer flexibility and local appeal.
Do I need planning permission to change a retail property's use?
Most retail units now fall under Class E, which allows changes of use between shops, cafés, offices, and some medical or fitness uses without full planning permission. However, local restrictions or conservation areas may require additional consent.

Discover More Retail Properties for Sale in the IV42, Isle Of Skye

With 0 retail units currently available for sale in IV42, the area presents a solid opportunity for investors seeking income-producing commercial property. Shops and retail premises remain a resilient asset class in IV42, particularly in high-footfall streets, suburban centres, and growing residential areas. Investors can choose from single-let high street shops, parade investments, convenience stores, and mixed-use buildings with both retail and residential components. Tenants often include local independents, cafés, national chains, and essential services such as pharmacies or food outlets, providing reliable rental income and long-term potential.

When purchasing a retail property in IV42, key considerations include location footfall, tenant strength, lease terms, and scope for asset management. Prime areas close to transport links, schools, or densely populated neighbourhoods are typically in higher demand. Investors should assess the EPC rating, permitted use under Class E, and whether there’s potential to convert upper floors or reconfigure the unit. Well-let shops with full repairing and insuring (FRI) leases and upward-only rent reviews offer strong yield stability, while underused stock may present redevelopment or repositioning opportunities. With the right due diligence, retail units in IV42 can form a valuable part of a diversified investment portfolio.

  • Footfall & visibility: Prioritise high street, corner, or parade locations with strong local catchments
  • Tenant covenant: Assess trading history, sector resilience, and lease security
  • Lease structure: Favour long-term FRI leases with upward-only rent reviews
  • Permitted use: Class E properties offer flexibility for shops, cafés, clinics, or services
  • Rental yield & growth: Evaluate rent levels and local demand for retail space
  • Repositioning potential: Consider refurbishment, signage improvements, or upper floor conversion
  • Exit strategy: Plan for long-term hold, break-up, or onward sale to owner-occupiers or funds

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