Graham+ Sibbald are delighted to the bring to the market and offer for sale the Kings Arms Hotel, Castle Douglas, Dumfries and Galloway. The Kings Arms Hotel, is a 10-bedroom town centre hotel which welcomes tourists and locals alike. The hotel for sale is set in the picturesque region of Dumfries and Galloway, the hotel also hosts a year-round trade of golfers, bikers, cyclists, hikers and sight-seers keen to take advantage of the area's outstanding natural beauty.
The Kings Arms retains rural Scottish charm, while also boasting a variety of modern bar and restaurant facilities to serve a broad clientele. In addition, the hotel for sale boasts a very spacious 3-bedroom flat, ideal either as a home for owners or excellent accommodation for residential staff. Plus there is an adjacent 2-bedroom flat, currently used for self-catering purposes, which is available to be purchased in addition.
The business for sale is located in Castle Douglas, enjoying an enviable position on the A75 Euro route, linking the M6/M74 at Gretna Green to Stranraer and Cairnryan; the Northern Ireland ferry terminal; plus it is a busy market town, with easy access to the Solway Coast, the Galloway Hills, 7Stanes Mountain Biking venues and the UK's first 'Dark Sky Park' in Galloway.
The Kings Arms Hotel, which has been owned by the sellers for over 30 years, is a fantastic opportunity for new entrants to the hotel and licensed property trade, bringing with it years of an excellent local reputation and popularity.
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Location
The Kings Arms Hotel is a 10-bedroom town centre hotel, located in the heart of Castle Douglas, within the thriving, popular region of Dumfries and Galloway. The hotel is a town centre establishment which welcomes tourists and locals alike.
Set in the picturesque region of Dumfries and Galloway, the hotel also hosts a year-round trade of golfers, bikers, cyclists, hikers and sight-seers keen to take advantage of the area's outstanding natural beauty, from the interesting Solway Coastline to the renowned Galloway Dark Sky Park. The Kings Arms retains rural Scottish charm, while also boasting a variety of modern bar and restaurant facilities to serve a broad clientele. Its 10 recently renovated bedrooms are attractive and comfortable, providing guests a home away from home. In addition, the hotel boasts a very spacious 3-bed flat, ideal either as a home for owners or excellent accommodation for residential staf
Accommodation
From the street pavement, steps lead up to the hotel’s main entrance, which leads into the entrance vestibule and hotel reception from where there is access to the public areas and bedrooms. The accommodation can be described, briefly, as follows:
Public Areas
Entrance Vestibule
Reception Foyer (4) with Reception
Desk & Office behind Snug Bar (10)
Lounge Bar (18) with Bar Servery
Bar Lounge (14)
Restaurant (60)
Resident’s Lounge at first floor level Letting Bedrooms
10 Letting Bedrooms to sleep 21. 2 x double 4 x twin 1 x triple 1 x family 2 x single 9 bedrooms ensuite; 4 x bath with shower; 4 x shower only; 1 x bath only 1 bedroom with separate, private bath with shower room.
Terms
PRICE Offers around £525,000 are invited for the heritable (freehold) interest in the Kings Arms Hotel, the trade fixtures, fittings and equipment, together with the goodwill of the business, which is to be sold complete as a going concern. Stock in trade to be purchased at an additional price at valuation on the date of entry. Offers Over £100,000 are invited for the heritable (freehold) interest in 31 St Andrew Street.
EXCLUSIONS Personal effects of the vendors. Standard industry items held under lease or lease purchase arrangements.
STAFF TUPE regulations will apply to all members of staff.
LICENCE Premises Licence under the Licensing (Scotland) Act 2005.
WEBSITE/RATINGS https://www.galloway-golf.co.uk/ Trip Advisor – 4.5 Excellent Hotels.com – 9.2 Wonderful
SERVICES Mains electricity, water, gas and drainage. Central heating and hot water from gas fired boilers.
ENERGY PERFORMANCE CERTIFICATE Kings Arms Hotel – EPC Rating – G 31 St Andrew Street – EPC Rating - C The EPC is available on request.
RATEABLE VALUE/COUNCIL TAX Kings Arms Hotel - Rateable Value £30,000 (1st April 2023) 31 St Andrew Street – Council Tax – Band “B” TENURE Heritable (Freehold) / Outright Ownership
Specification
- Well-Established 10-Bedroom Town Centre Hotel
- Located in Busy Market Town in Popular Dumfries and Galloway
- Great Range of F and B Facilities; inc Beer Garden\
- Spacious 3-bedroom Private Accommodation
- Adjoining 2-bedroom flat Available in Addition
- Turnover in excess of £500,000 (net)