Craobh Haven, PA31

Background:
The marina was developed in the 1980's and acquired by the privately owned Holt Leisure Group in 1993. The holiday cottages were purchased in 2011. The Group includes other marine and leisure businesses. The property and business at Craobh have recently been demerged from the Group into Craobh Marina Ltd in preparation for a shareholder's retirement sale.

Location:
Craobh Marina is stunningly situated within a natural harbour on the north shore of the Craignish peninsula in Argyll, midway between Lochgilphead and Oban on the west coast of
Scotland.
It is the perfect base for access to some of the world's finest sailing waters and exploring the Highlands and Islands such as Islay, Ghia, Jura, Rhum, Eigg, Mull and Skye. The coast
is renowned for its spectacular and abundant sea life, and the infamous Corryvreckan whirlpool.
Glasgow and Edinburgh are about 100 and 150 miles distant, respectively. Glasgow Airport is about 2¼ hours drive away. The village of Craobh Haven (pronounced "croove haven") is about
1 mile from the A816, Lochgilphead to Oban road, via an adopted road. The village was mostly developed in the 1980's and includes a coffee/gift shop and pub/restaurant.

Property Overview:
The total site extends to approximately 69 has (170.5 acres) of which some 18 has (44 acres) is
water/harbour bed. The marina was developed in the early 1980's by linking a group of islands together using a system of stone causeways to create its unique sheltered position
accessible at all states of tide. The pontoons are secured by chains and anchors in the deep-water harbour.
On the shoreside there is a facilities building, boatyard with boat hoist and
storage, let units and car parking.
The holiday letting business operates from six well furnished and fitted cottages - four 3-bed and two 2-bed, most with sea views. Additionally, there is a detached 3-bed house and staff flat.
The land is owned with heritable title (freehold) and the water area is held leasehold from The Crown Estate.
The Argyll and Bute Local Development Plan 2 (Adopted February 2024) has allocated 6.3 has (15.6 acres) of the site for potential development of mixed use - housing and open space.

Business Overview:
The business has enjoyed robust trading over recent years with income from annual and seasonal berths, storage ashore, haul out and rents. The headline 2024/25 annual berthing rate is £451.40 per metre (incl. VAT).
The 2023 management accounts show turnover of c. £1.5m. Over 50% of income is from marina berths and rents. Full trading information is available to parties authorised to access the data room.
The six holiday cottages are let direct via and other agencies.

Guide Price & Basis of Sale:
The guide price for the property as a going concern is £10 million. The preference is for the sale to be effected by way of a transfer of 100% of the issued share capital of Craobh Marina Ltd.