Exciting Business Opportunity.

If you’re looking for an exciting lifestyle business opportunity on the ever popular Isle of Lewis then this restaurant/bar/letting accommodation business could be the perfect option. Going under the hammer is The Cross Inn, an established business to the north of Isle of Lewis, enjoying a prominent position on the Hebridean Way, with a strong a strong, positive local and tourist reputation. Currently operated by a husband and wife team, with seasonal additional cover, the owners are looking to retire from the business and pass the baton to an enterprising and enthusiastic new team. Within stunning surroundings, the overall business comprises The Old Barn Bar, which is open throughout the year, with the associated 45 covers restaurant and five ensuite letting accommodation operating in the peak April to September season. The sale is being conducted as the transfer of a going concern, with strong forward bookings already for the April to September peak season, in excess of the 2024 season which showed occupancy rates of more than 85%. The accommodation comprises the lounge/bar, restaurant and commercial kitchen on the ground floor, with the upper level offering five ensuite letting rooms and three private rooms, formerly used as owners’ accommodation. To the side of the property is a lawned area currently used as a beer garden and outside dining but could, subject to plannings consents, be redeveloped to erect glamping pods or similar. There is also parking space to accommodate around 25 cars. The overall plot extends to approximately 0.5 acre. The business has undertaken very little marketing activity, and operates on a limited seasonal basis, which clearly offers an opportunity to extend the visibility and trading hours of the business, along with the potential change/additional development options, subject to all required consents. The published rateable value is £16,000, but the business may qualify for rates relief under the Islands and Remote Areas Hospitality Relief scheme. This fantastic business in stunning setting is sure to move quickly, so early expression of interest is essential. Council Tax Band: B

Tenure

Freehold

Area

The Cross Inn enjoys a prominent roadside location on the A857 towards the northern tip of the Isle of Lewis. Cross Village is a small community offering local facilities, with Stornoway approximately 35 miles to the south. The local economy is historically built on traditional businesses such as fishing, farming and Harris Tweed, but tourism demand across the islands is always at a high level.

Local Authority

Comhairle nan Eilean Siar

Additional Fees

Administration Charge - 3.6% inc VAT of the purchase price, subject to a minimum of £3600 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.