For Sale £15,000 - Former Hotel, Hotel
Exciting 10-year leasehold opportunity suitable for experienced operator. Highly popular loch front former hotel located in Tarbert, Loch Fyne. Prime trading location currently operating with 6 letting bedrooms. Conservatory restaurant, former lounge bar, beer garden and private flat. Highly visible property offering potential of enjoying wide ranging income streams. Ideal business for chef, family or couple. Excellent investment opportunity for entrepreneurial owner.
Situated in Kintyre within the fishing village of Tarbert on Scotland’s west coast, the former hotel boasts uninterrupted views of the picture postcard bay with its fishing boats and stunning surrounding scenery. The area is renowned for some of the finest seafood caught in both the east and west coasts of Scotland while the beautiful Kintyre peninsular is the natural stopping off point for malt whisky aficionado’s en-route to the Isles of Islay and Jura.
The Kintyre peninsular has over the last few years been increasing its tourism through a new marketing group consisting of local business people and government agencies. This has led to the creation of a variety of new projects to entice tourism to Kintyre from Music and Food festivals to the Kintyre Way – a long distance path from Tarbert to Southend 95 miles long.
The village of Tarbert which is around 2hr 15 minuets drive west of the city of Glasgow and 35 miles north of Campbeltown has benefitted greatly by the recent expansion of the harbour which has seen an expansion in the number of berths and pontoons which has helped in attracting an increasing number of commercial and leisure vessels to the harbour. Being situated a short walk from the harbour as the Victoria Hotel is, means that the hotel is perfectly positioned to benefit greatly from this highly lucrative market.
Benefitting from a highly visible roadside location on what is arguably one of the best trading locations within the area, The Victoria Hotel offers a new operator a terrific opportunity to create something quite special.
By offering a spacious waterfront dining conservatory area, beer garden which also provides open views of the bay, bar area and 6 letting bedrooms, the former Victoria Hotel offers new tenants tremendous potential to enjoy a wide and varied stream of business income. From local trade, traditional tourists, sporting visitors such as fishermen, walkers & cyclists plus the large number of yachtsmen and boaters that visit the areas, the trading opportunities at the Victoria Hotel are vast.
Since taking over the property our clients have looked at various trading options that the former hotel can offer. At the time the vendors decided that the property required the refitting of a new lounge bar to bring the operation more in line with what the modern food & drinks market demands. Now that the removal of the old and dated bar has taken place, the vendors have created a blank page for new tenants to offer input and design ideas in the development of the bar & kitchen. By doing so, the vendors are providing a unique opportunity for a collaborative development of a new modern bar that will be the exciting joint vision of both tenant and landlord.
By offering the option of first refusal to purchase the property, any new tenant will also have the added benefit of knowing that if they wish to make the move to freehold, then they will have had a large say on the overall development rather than being potentially shoe horned into a dated out of touch operation.
While the property is currently closed to allow for transition from landlord to tenant, most potential operators will note on viewing the terrific opportunity on offer. Overall, the sale of a new 10-year lease for the loch front former hotel that is located in one of Scotland’s most popular west coast towns, offers a truly rare opportunity for an enthusiastic and entrepreneurial owner.
Access to the property is gained through the main entrance which is positioned to the left hand side of the property. A small vestibule gives access onto the hotel reception hallway with stairs to upper bedrooms. Leading on from the reception hall is the lounge bar area.
To the front of the property is the former dining conservatory. Access can either be gained via the bar or by a separate entrance from the beer garden.
The roadside beer garden which has views over the bay is situated to the opposite side of the main entrance and provides access to the bar area & conservatory. The beer garden offers a smoking area & w.c.
The highly visible period property sits on a prime roadside position on Barmore Road in Tarbert. Housed over ground floor with two upper levels the Victoria Hotel consist of the following: reception hallway, bar area, former dining conservatory, 6 letting bedrooms (5 en-suite), owners/managers flat housed on top floor (sleeps 6), upper floor bathroom & additional upper double bedroom.
The Victoria Hotel offers service areas including former kitchen area, laundry/ housekeeper’s room & cellar.
The property offers a roadside beer garden with separate gent’s toilet and external storage room.
Housed on the top floor is a pleasantly presented two room and bathroom owners/ manager flat. Currently set up as one double bedroom and one large bedroom that split into two sleeping areas with a seating & television area, the private accommodation offers open views over the bay.
The hotel currently offers 6 (5 en-suite) letting bedrooms comprising of 3 twin/ double rooms, 2 doubles and single room.
FIXTURES & FITTINGS
A full inventory will be completed to detail items included in the sale or items subject to a lease.
An asking price of £15,000 is invited for the 10-year leasehold interest. First refusal to purchase the freehold property within 3 years of taking over the lease will be granted to the tenant. The landlord is also offering to provide up to 50% of the investment required to develop the new bar and kitchen subject to terms.
For reasons of confidentiality, no direct approach may be made to the property. All viewings must be arranged through Scottish Business Centre Edinburgh office 0131 215 1904.
All offers should be submitted directly to Scottish Business Centre.