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Outstanding Harbour Facing Hotel And Restaurant In Argyll For Sale

Tarbert, Argyll and Bute
Asking Price:
£635,000
Turnover:
£580,000
Net Profit:
Available on request

Anchor Hotel
Harbour Street
Tarbert, Argyll, PA29 6UB

• Established 3-star hotel facing the marina
• Presented to a high standard throughout
• Includes a converted barge-moored in front of hotel
• 16 letting rooms in total, restaurant/bar & function/dining area
• 4 luxury en-suite bedrooms in the barge
• Idealic setting within popular tourist location
• Currently run under management
• Turnover for y/e March 18 was £580,000 net
• Ideal for a chef, group owner or family operation

Having purchased the property in 2010, the owners have spent a lot of time and effort in developing the hotel and barge into one of the finest businesses in the area, renowned for its atmosphere, culinary delights and setting, especially with the barge, that is second to none. Run completely under management, the owners do not work in the hotel so as a result offers an excellent opportunity for a family, chef proprietor or a private multiple operator to take on board what is an extremely well-established business and grow on what is already being offered.
Trading with a 3 star accolade from Visit Scotland, further accolades include “Certificate of Excellence” and 4.5 rating from TripAdvisor, ranking it as the #1 hotel in Tarbert, 8.5 from Bookings.com and has previously been listed in the Michelin Guide.
Throughout the year the hotel benefits from high levels of repeat, passing and local trade and has also built up an excellent corporate client base from CalMac Ferries, Argyll & Bute Council, NHS and Forestry Commission.
During the summer months Tarbert is busy with tourists and sailors taking advantage of the location, exceptional sailing waters, accessibility to tour the islands and follow the Whisky trail. The CalMac ferry terminal is within 10 mins from the hotel, sailing regularly from Kennacraig to Islay, home to no fewer than 8 whisky distilleries.
With its own website and listings on bookings.com, trivago, and ensures a steady stream of future bookings are always in the pipeline.
The sale of the Anchor Hotel and Barge is an excellent business opportunity and one that needs to be viewed to fully appreciate the potential that is on offer. Due to the level of refurbishment, very little if any Capex is required thus enabling a new proprietor to hit the ground running on what is already a thriving business.

Property information

Property:

Freehold

Living Accommodation:

Although the owners do not stay on site, if required the top a couple of the rooms on the top floor could easily be utilised to make for an owner’s flat.

Location:

The Anchor Hotel commands an excellent trading location, sitting directly overlooking the marina within the pleasant fishing village of Tarbert, Loch Fyne, Argyll. Located on the picturesque West Coast, Tarbert is regarded as the gateway to the beautiful peninsula of Kintyre.
Tarbert has a wide range of amenities including Primary and Secondary education, medical centre, dentist, local supermarket, pubs and hotels and is the last stop before the Islay Ferry service at Kennacraig, which makes it very popular with overnight visitors before their visit to the “Whisky Isle”.
The surrounding area is ideal for the outdoor enthusiast. There are walks available within the village of Tarbert and beyond with opportunities for cycling, sailing, golf, fishing, bird watching, shooting and diving to name just a few. Other ferry service departs daily from Tarbert to Portavadie via CalMac. Which has opened up a whole new stream of tourist and business customers to tarbert and the kintyre pennisulla since its arrival.
Throughout the year Tarbert hosts a variety of music, food and boating festivals/events, with the most famous being the seafood festival and the Scottish Sailing Series, which is Scotland’s biggest sail racing event. For visitors it is the ideal base from which to explore the beautiful islands of the Inner Hebrides as well as the Kintyre and Mid Argyll areas. Campbeltown Airport is c. 45 mins and Glasgow International Airport is c. 2 hours drive. Tarbert is served well by City Link bus route to/from Glasgow/ Campbeltown as well as other local bus routes to surrounding areas.

Premises Details:

Having purchased the hotel in 2010 the property underwent a complete refurbishment with the business opening in April 2011.
Presented to a very high standard both internally and externally the hotel, benefits from a central harbour location and is instantly recognizable due to its pleasing bright façade. Split over 4 floors, with the main public areas on the ground floor all under varying pitched and flat roofs.

Internal Details
Access to the hotel is given directly from Harbour Street, leading into a welcoming entrance foyer and reception desk straight ahead. The staircase to upper floors/ bedrooms is to the left-hand side and a corridor leading to the male/female toilets and function/dining room is to the rear. The bar and restaurant can also be accessed from the foyer, to the right-hand side.

Bar & Seabed Restaurant: Offered on a split-level basis with the bar area to the front commanding outstanding views of the harbour, both areas are presented to a very high standard. Renowned for its culinary delights the Anchor Hotel has previously been listed in the Michelin Guide and has built up an excellent name not just locally but in the surrounding areas. The restaurant and bar offer an outstanding dining experience with a pleasing home from home atmosphere within a very relaxed environment incorporating modern décor with wonderful displays of art on the walls. Offering an a la carte menu as well as seasonal and seafood menus and children’s menu, ensure that the Seabed restaurant has something to offer all taste buds.

Dining & Function Room: Located to the rear of the restaurant and fitted out to the same exacting standard, this room can be opened to incorporate the restaurant and bar area, which makes it ideal for larger functions/weddings, via folding walls.
Also set over a split level the room, which can take up to 90 comfortably, benefits from its own bar, has access directly to the kitchen making it perfect for meetings/ functions and can run independently from the other public areas. The corridor at the side gives private access for its guests. If not being used for functions it is used as an extension to the restaurant. Food can be served in all 3 areas.

Letting Accommodation
Located over the first, second and third floors, the hotel comprises of 12 en suite bedrooms, with the 8 rooms to the front commanding outstanding harbour and sea views. Each room is presented to a high standard contemporary design with a Scottish twist and include flat screen TV, hospitality rays, ironing station, hairdryer, telephone and luxury toiletries.

The Barge
Moored directly in front of the hotel, The Barge, without doubt offers the most unique sleeping experience and letting rooms in the area as a result it has near 90% occupancy all year round. Purchased and refurbished completely c. 2014/2015 the barge was converted into 4 luxury bedrooms, each with en suite facilities, commanding views of the harbour that are level with the water line.

Energy Performance Rating:
G

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