Millhouse hostel and Millhouse farmhouse on the island of Tiree, Scotland, has been brought to the market by DM Hall with a guide price of £550,000.
The property, which DM Hall said has the feel of a small hamlet within Cornaigmore, is made up of the stone-built Millhouse farmhouse, the successful Millhouse hostel – converted from an old barn and the original mill building itself.
It has become available, on its 0.7ac site just west of the B8068, as a lifestyle business opportunity.
DM Hall said Tiree is famed for its white sands, crystal-clear seas and balmy weather, but visitors travelling its unhurried roads might be surprised by one of its more unusual attractions – the 18th century waterwheel.
The business centres around a purpose-built 16-bed hostel converted from a barn in 2001.
The adjacent three-bedroom farmhouse would make an ideal owner/manager residence or could serve as additional guest accommodation for up to 10 people.
The watermill, fed by the waters of nearby Loch Bhasapol, was built around 1798 and used to grind cereal for the whole island’s population.
Although the mill itself is now a ruin, the waterwheel itself was restored in 2006 using traditional methods and materials.
The current owner of the Millhouse complex, David Naylor, said: “Millhouse is a special place to me.
“Its secluded location, a quarter of a mile from the nearest habitation, together with the tranquillity of the millpond and waterwheel, give it a real sense of peace and history.”
Millhouse complex
Naylor said that, as well as looking after guests, it is also a joy to help maintain the “busy watery ecosystem”.
“There is also huge potential for renewable energy generation, and full off-grid living is a realistic possibility given the abundance of water, wind and solar resources on-site.”
Tiree is the most westerly island of the Inner Hebrides, lying 25 miles from Ardnamurchan Peninsula, itself the mainland’s most westerly point.
It is served by regular ferries from the seaside town of Oban and by regular flights to and from Glasgow Airport.
The property includes a large car park, extensive lawned areas, vegetable garden and the pond separating the mill from the developed buildings.
With relevant permissions, the mill could be transformed into an additional business opportunity or make a residence in itself, DM Hall said.
The property is being sold by a collaboration of DM Hall’s specialist teams business sales, headed by Margaret Mitchell, and rural sales by Jennifer Campbell.
Campbell said: “Milhouse Hostel is an easily manageable operation. The hostel can be let out as a single entity or as traditional hostel accommodation, which can produce income from day one.
“The owner’s accommodation, which is in move-in order, provides an excellent opportunity to enjoy the benefits of living in a beautiful, remote location, yet within a well-established community, while being on site to manage and maintain the business.
“Full trading accounts are available upon request to interested parties and full details of the property are available here.”
