House For Sale £350,000
Forres, Moray IV36
previous price £300,000

Reference - 44844

Description
The Carlton Hotel is an extremely well run business that has been run by the current proprietors since 2004. The property has been placed on the market due to the current proprietor’s wish to retire from the hospitality industry. The business trades throughout the year and its quality is reflected in the number of awards it currently holds such as achieving 4 out 5 on Trip Advisor and being highly regarded in the area. Additional marketing is carried out through its own informative website .

The business is trading extremely well but offers any potential purchaser the opportunity to expand the business significantly by utilizing the under used restaurant /function suite.

Situation
Forres is a town and former Royal Burgh situated in the North of Scotland on the Moray coast, approximately 25 miles east of Inverness and 12 miles west of Elgin. Forres has been a winner of the Scotland in Bloom award on several occasions.

The Carlton Hotel occupies a commanding position in the centre of the town on the corner of High Street and Caroline Street.

Building Internal
The main entrance of the Hotel is off the High Street. Entry is via a set of double timber doors which lead into a spacious reception hallway. On entering the public lounge bar is located directly in front of you. The lounge bar is well presented and furnished with a mix of high back chairs and wooden tables, along with bar stools and upholstered bench seating. To the left on entry you will find the original staircase leading to the upper floors and all areas private and public. To the rear of the lounge bar, you will find a dining area which is capable of seating 20 persons. Both the public lounge bar and dining area are well presented and tastefully decorated in keeping with the property.

Moving up the staircase to the first floor you are presented with the hotel reception. To the right of the reception you will find the ‘Heather Lounge’. The Heather Lounge is the main restaurant/function suite of the Carlton Hotel. The lounge can accommodate upto 60 persons, and further benefits from its own bar. The lounge is well furnished with wooden tables and chairs, along with sofas and low tables at the bar area. The Heather Lounge is currently ultilised as the breakfast room for residents by the current vendors. However, this space would offer an ideal area to offer private functions, or as a restaurant for non-residents.

Ladies and gents facilities and well located of the public areas on the ground and first floors.

Letting bedrooms are situated on the 2nd and third floors of the property.

Letting Accommodation
The Carlton Hotel has 13 letting bedrooms, 8 of which are ensuite. The bedrooms are set over the 2nd and 3rd floors. On the 2nd floor you find a double bedroom, twin bedroom, two double four poster superior rooms, along with a four poster suite. All these rooms benefit from en-suite facilities. In addition, on the 2nd floor there are three single rooms with share bathroom facilities. On the 3rd floor you will find three family rooms, all of which are en-suite. In addition, there are 2 twin rooms which share bathroom facilities on the 3rd floor.

All of the bedrooms are presented to a good modern standard and benefit from flatscreen TVs, and hospitality trays.

Residential Accommodation
Located on the first and second floors of the property, you will find the spacious owners accommodation. On the first floor there is a large owners lounge/dining area with private kitchenette. On the second floor there are 3 owner’s bedrooms, the master en-suite, along with a family bathroom.

In addition, there is a fourth en-suite bedroom on the first floor, which is currently used as staff accommodation.

Service Areas
As expected with a property the style and size of the Carlton Hotel, there are ample service areas including; a fully fitted commercial kitchen, still room, laundry, cellar, dry goods store, freezer room, office, boiler room and linen store. There is ample storage on each floor of the hotel for housekeeping.

The property further benefits from CCTV and wifi throughout the property.

Building External
The property occupies and enviable corner location. The front is straight to street, with entry to the hotel off the High Street. There is ample on street parking to the front, along with a free public car park a 1-minute walk away.

Business and Opportunity
The Hotel trades throughout the year. The business has a good mix of tourist guests, contractors and business visitors as well as serving the local community, who use the hotel for family functions. The Hotel offers lunch and dinner to non-residents.

The Carlton Hotel offers an excellent opportunity to expand the business by increasing the function trade.

This is currently not offered due to personal preference of the current vendors.

Services
We are advised the property has all mains services.

Tenure
The property is held on the Scottish equivalent of Freehold.

License
The business trades with the benefit of a full Hotel Licence, and conforms to all fire regulations.

Summary
The sale of The Carlton Hotel offers a rare opportunity to purchase a high quality, beautifully presented property which is trading well but with potential for expansion of the business. Viewing is highly recommended.

Price
oiro £365,000 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.