Lochranza Hotel For Sale

Business description

Offers Over: £600,000 Freehold

Fabulous outlook across the loch from this profitable and successful good class coastal village hotel. 9 Letting Bedrooms. Bar, restaurant, gardens and grounds.£87,000 profit on £325,600 net turnover. Separate cottage also available – offers over £350,000The Isle of Arran, right in the heart of the Clyde seaway, is often described as “Scotland in miniature” having as it does a sample of all the best features of the country, including mountains, lochs, extensive wildlife and even a distillery! The Lochranza Hotel is located at the northern end of Arran in the village of the same name, and sits proudly above the main road and enjoying lovely views towards Lochranza Castle and beyond to the mainland Kintyre peninsular. Communication with Arran is very convenient and straightforward, with regular Ro-Ro ferries between Ardrossan and Brodick, as well as the summer ferry from Lochranza to Claonaig, near Tarbert. There is also growing yacht traffic into Lochranza, helped by the recently installed pontoon. The Lochranza Hotel itself is a deceptively spacious and generous property, combining an easily managed range of comfortable facilities, and capable of meeting the needs of a wide variety of local, tourist and visiting clientele. The hotel is an important and integral part of the local community, being the only hostelry and venue in the village -and well known for having an extensive range of whiskeys. The present owners purchased the Lochranza. Hotel some 25 years ago, and after such time, they are now ready to take their well earned retirement. The sale of the hotel, therefore, offers an exciting opportunity for new owners to move seamlessly into an established, profitable and effective business, and to take the trading forward to the next level.

THE PROPERTY
Of attractive colour wash finish under slate roof, the hotel has accommodation arranged on ground and first floor and briefly comprises.

PUBLIC AREAS
From the side car parking area, the main hotel entrance is into the Reception Hall, with the attractive Dining Room (24) on the left-hand side, with bay window taking advantage of the fine views across the garden and beyond. To the right is the Public Bar, with its own separate entrance, and arranged in two seating areas.

LETTING BEDROOMS
9 Letting Bedrooms to sleep 20 (8 double, 1 family). All bedrooms have en-suite facilities, 7 with bath and shower and WC, and 2 with shower and WC only. Bedrooms are comfortably furnished and equipped with TV, tea and coffee making facilities etc.

PRIVATE & STAFF ACCOMMODATION
A suite of rooms comprising 5 bedrooms, lounge and bathroom available for resident staff.

SERVICE AREAS
The hotel kitchens are divided into two adjoining inter-connecting rooms, and beyond is the refrigerator store, laundry, cellar, dry goods store etc.

OUTSIDE
In front of the hotel is an enclosed garden area, laid to lawn with borders, and with garden furniture for use in fine weather.

SERVICES
Mains electricity and water, private drainage, propane gas, gas fired central heating.

LICENCE
Premises Licence.

LISTINGS
Visit Scotland 3 Star Inn

TRADE
From information supplied by the accountants and owners, the Lochranza Hotel has produced a very steady and consistent profit and turnover during the last few years, showing a four year average turnover £325,600 net of VAT and trading profit £87,463 (before finance and personal expenses). The hotel enjoys a mixed year round trade, and offers new owners an excellent opportunity to fully exploit the unique location at the northern end of the Isle of Arran.

PRICE
Offers over £600,000 are invited for the freehold property complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.

DETACHED COTTAGEWOODSIDE COTTAGE, LOCHRANZA KA27 8HL
Available by separate negotiation, a detached cottage located alongside the hotel is also available, and briefly comprises: Living Room, Dining Room, Kitchen, Utility, 4 Bedrooms, and 2 Bathrooms. Garden.

PRICE
Offers over £350,000.

DIRECTIONS
From Brodick and the main Ro-Ro car ferry 14 miles, (ferry to Ardrossan approximately 45 minutes), Largs 23, Ayr 30, Glasgow 47 (or during the summer there is a smaller car ferry from Lochranza to the Mull of Kintyre - Claonaig).

OFFERS
All offers should be submitted to Colliers Robert Barry with whom purchasers should register interest if they wish to be informed of closing dates.

FINANCE
Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved.

TO VIEW
All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights.

Property information

Property:

Freehold