The Pine Marten Bar, Glenmore Shop, Café, Ski/Bike Hire and Accommodation Units is a complex set over a ground floor and a lower ground floor space offering a wide range of services and facilities. In addition, the subjects include 3 eco-cabins and the Tree House, a self-contained holiday accommodation unit, all of which sit in around 0.70 of an acre. The Glenmore Shop is a small retail facility offering a much-needed local convenience store for the many tourists, campers and caravaners who visit the area throughout the year. The cafe provides a wide range of refreshments throughout the day and the Pine Marten Bar is a licensed operation which trades mainly during the afternoon and evening. The business also has a ski-hire shop set to the lower ground floor offering a wide range of winter sports hire equipment. Also set to the lower ground floor is a shower room and WC’s which are used by guests staying in the 3 glamping pods on site.
REASON FOR SALE
The property has been presented to the market as a leasehold proposition due to a recent bereavement.
The business offers a multi-faceted trading operation focussing solely upon the outdoor activities market but also benefits from the many tourists both national and international who visit. The four main income streams which generate trade throughout the year (café / bar / retail and accommodation) are supplemented with ski and winter equipment hire during the winter months. The Ski Hire Shop also sells ski lift-passes to provide access to the slopes. During the summer period the ski hire shop would be suitable for other purposes (cycle hire etc.) The business historically operates to a high level of turnover providing a good level of profitability. However, the vendors believe that an experienced and motivated couple could trade the business to a much higher level.
Business activity is generated through two owned websites and other associated websites. The businesses location benefits from a high level of repeat custom as well as passing trade as the trading elements are adjacent to the main road which goes from Aviemore to the Cairngorm mountain centre. In addition, the business is situated immediately adjacent to a campsite with around 216 pitches and the Cairngorm Lodge Youth Hostel which offers a further 69 beds, offering a ready-made customer base. Notwithstanding this there are also a great many holiday home units, B&B’s and hotels in the area which also add to the footfall of the business.
The Pine Marten Bar, Glenmore Shop, Café, Ski/Bike Hire and Accommodation Units is situated within the heart of the Cairngorms National Park, an area covering some 4,500km2. The business is neatly nestled within the ancient pine trees that make up the Glenmore Forest Park, set against a breath-taking backdrop dominated by rolling mountains, beautiful lochs and stunning heathlands. From the business a short walk through the trees provides access to the sandy beaches of Loch Morlich offering panoramic views of the Cairngorm Mountains. The Cairngorms National Park is a magnet for outdoor and nature enthusiasts with an abundance of wildlife on show (deer, otters, pine martin, red squirrel, ospreys and golden eagles). The mountains and glens offer in the region of 280km of footpaths and trails which criss-cross the diverse landscapes. The array of mountain activities suit everyone from the experienced climber to those wishing to enjoy a gentle trek. Water sports include canoeing, sailing and kayaking. The mountains also offer opportunities for skiers (downhill and cross-country) or snowboarders; the Cairngorms have some of the UK's finest runs.
The Cairngorm Mountain Railway offers a more sedate way for visitors to view the landscapes at their best without significant exertion. In the wider area there are castles, golf courses and distilleries which draw in thousands of visitors as does the Highland Wildlife Park. Aviemore (6 miles away) has a full range of social and welfare facilities. There are a wide range of shops and services including schooling up to secondary level. The town is on the main A9 road (Perth to Inverness route) and also has a mainline railway station. Inverness airport is a 55-minute drive.
Of mixed construction with a pitched, timber shingle roof, this deceptively spacious property has accommodation laid out across two floors. The accommodation units (3 eco-pods and Tree House) are of timber construction with all facets being set within 0.70 of an acre.
THE MAIN BUILDING - GROUND FLOOR
The Pine Marten Bar. The bar has two access points from the front of the building. The popular bar is set to an open plan area with free-standing pine tables and chairs which can seat up to 40 customers. The bar has a wide range of local beers and other refreshments. There is a stage area which is popular with musicians and is currently used for live music nights. Set to an ‘alpine feel’ with pine cladding and skis etc. adorning the walls, this cosy bar has a wonderful ambience. The wood-burning stove offers a warming experience after a long day’s outdoor activities. To the rear of the bar servery is a cellar / spirit store which has a python cooler. A store and an office space can also be accessed from behind the bar. Off the bar area are the customers WC’s configured to disabled, ladies and gents; the disabled unit also has a baby changing unit. The bar has an outdoor seating area to the front of the subjects with two wooden bench-tables.
Café. The café has a separate entrance and is set to an ‘L’ shape layout with a further wood-burning stove. The café has a fantastic outlook with a mainly glazed wall plus a turreted seating area. It has a balcony which is very popular in the summer months where Red Squirrels and many varieties of birds can be readily observed. The servery counter is set to the right-hand end of the café with the kitchen immediately set behind. The café can comfortably seat 17 guests and the balcony is arranged to 10 seats. The café and bar are connected by a doorway providing guest seating for a further 40 people during the day, offering scope for new owners to develop the café trade further.
The Retail Unit. The shop entrance is set to the front of the main building and though a very small element of the overall business, it provides an on-going service to the many visitors which the owners are keen to see continued. Though the shop does not drive a huge turnover, this aspect draws in a number of visitors who then use the other facilities and services on offer.
LOWER GROUND FLOOR
Ski/Cycle Hire Shop. The Ski Hire shop is accessed from a set of stairs leading to a single door on the lower ground floor which opens up into a customer service point. This area has a concrete floor and a seating area for those customers trying on equipment. The skis are stored behind a large service counter. Internally the Ski Hire shop is set to around 69m2 and there is sufficient space to provide an on-site ski servicing facility. There is also scope to increase the retail aspects of the ski provision with ancillary items. In the summer months the Ski Hire shop is leased to a local cycle hire business who vacate each winter.
Ablutions and Sauna. Set to the rear of the building is a service facility including ladies and gents WC’s, 2 shower units, a sauna and a laundry area. This popular facility is predominately used by guests staying in the eco-pods.
ECO-CABINS & TREE HOUSE
The 3 eco-pods are set within a fenced area and are popular with guests providing a bunk bed and sofa bed. These wooden constructed units are fully lined with electric heating providing a luxury camping experience year-round. The pods are double glazed and benefit from on-site washroom facilities (as detailed above). Each cabin has its own small veranda with external lighting. The Tree House is a timber constructed self-catering unit which is set to an open-plan configuration comprising of 2 x sofa beds, a dining table, a modern kitchen area and shower room with WC and WHB. This attractive accommodation has been constructed around a tree which provides an unusual interior decorative feature.
OWNER’S / STAFF ACCOMMODATION
There is no designated owner’s accommodation with this property.
With excellent signage, the business benefits from a prominent trading location. The property sits in around 0.70 of an acre with a small brook adjacent to the subjects. Externally there is a wood store and two timber sheds providing adequate storage. The site has ample car parking, laid mainly to gravel, which is supplemented by public parking on the main road.
The property benefits from mains electricity, private water and drainage. The business is fully compliant with extant fire regulations and environmental health requirements. The property benefits from a CCTV system covering all trading areas.
LEASE HEADS OF TERMS
Property: The Pine Marten Bar, Glenmore Shop, Accommodation Units and Ski Hire
Capital Premium: £40,000
Rent: £40,000 p.a. rent (Year 1 restricted to £20,000; Year 2 restricted to £30,000)
Rent Payments: Quarterly in advance
Rent Reviews: Every Five years in line with RPI
Lease Duration: 12 Years
Lease Type: Full Repairing and Insuring; lessee bears the cost of Insurance
Key Entry Details: Condition survey to be carried out (by mutual Agreement and shared costs)
Stock at cost: Paid in full within 28 days
Entry Date: As Agreed