A high-yielding holiday park investment with significant income and development potential at Laggan, near Spean Bridge, is set to go under the hammer next week.
It’s one of the lots at Shepherd Commercial Property Auctions on Thursday 16 April at 2.30pm with a guide price of £999,000.
Great Glen Water Park occupies a prime lochside position on Loch Oich, within one of the Highlands’ most popular tourist corridors, just off the A82 between Inverness and Fort William.
The property generates income of around £106,000 per annum from a well-established chalet park comprising 30 holiday units, all held on long-term 60-year pitch/licence agreements entered into between 2019 and 2021. The income benefits from index-linked uplifts, providing an attractive and reliable revenue stream.
In addition, the sale includes four cottages with short-term let licences, offering further income potential or flexibility for owner’s accommodation.
The wider site significantly enhances the opportunity and includes a marina with slipway and pontoons, a standalone leisure building with swimming pool and restaurant facilities, extensive parking, and areas of undeveloped land.
Neil Calder, partner at Shepherd, says: “This is a rare opportunity to acquire a high yielding leisure investment in a superb Highland setting, with strong existing income and obvious scope to add value.
“With a guide price of under £1 million and annual income already in excess of £100,000, it offers real value. There is clear scope for refurbishment, asset management and further development across the wider site, subject to the necessary consents.”
The leisure building, previously operated under franchise, provides potential for refurbishment and reactivation, or alternative commercial or letting uses. There is also a lapsed planning permission for the development of additional holiday lodges, reinforcing the longer-term development potential of the site.
“Overall, the property presents a rare opportunity to acquire a substantial leisure investment with diversified income streams, in a highly sought-after Highland setting” adds Calder.
The online auction will be held on Thursday 16th April at 2.30pm and interested parties should register at https://www.shepherd.co.uk/auctions-remote-bidding/.
