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Established Coastal Hotel, 'The Downshire', 10-14 Main Street, Portpatrick, DG9 8JJ

6,038 Sq Ft / Leisure / Hotel

For Sale - £500,000.00

Available - Last updated: 16 July 2019

‘The Downshire’ is a well-established family run hotel, with the category C listed building dating from the early 19th century. The building is of traditional construction contained over four floors with rear extensions and has an enclosed garden area for external seating.

Public Bar

The public bar is of a traditional style and offers a warm, welcoming feel with a real fire, fixed and loose seating and a pool table with a smoking and external seating area to the rear.

Dining Room

The dining room, and kitchen which doubles up as a restaurant serving traditional pub food, has capacity for 40 covers and is located on the first floor, accessed via the hotel lobby and linking to the public bar.

Hotel

The hotel is contained over the three upper floors and has 12 letting rooms of varying size, four with en-suite facilities and an additional bathroom on each floor. Owners accommodation adjacent to the hotel and a potential development site can be made available under separate negotiation.  

Location

The historic coastal village of Portpatrick in the Wigtownshire region of Dumfries and Galloway, is widely considered to be one of the most picturesque harbour villages on the west coast of Scotland with views across the North Channel towards Northern Ireland and to the Mountains of Mourne. The idyllic setting, superb views and abundance of local attractions including popular walks (Portpatrick being the starting point for the Southern Upland Way), water sports, six local golf  courses, distilleries and other local attractions make Portpatrick a popular holiday and short break destination throughout the year.

Portpatrick is located approximately 8 miles south west of Stranraer, 95 miles south west of Glasgow via the A/M77 and 80 miles west of Dumfries via the A75. The village is accessed via the A77 road route from Stranraer and Cairnryan ferry terminal, which offers regular crossings to Northern Ireland, is only a short drive away.

The property occupies a prominent corner position at the junction of Main Street with Hill Street, a short walk away from Portpatrick harbour and promenade.

Accommodation

FLOOR AREA - From plans provided, we measure the property to extend to the following gross internal areas:

Ground Floor - 245 sq.m (2,637 sq.ft)

First Floor - 114 sq.m (1,227 sq.ft)

Second Floor - 101 sq.m (1,087 sq.ft)

Third Floor - 101 sq.m (1,087 sq.ft)

Total - 561 sq.m (6,038 sq.ft)

Copy floor plans are available upon request.

BUSINESS - ‘The Downshire’ is a family run business, which operates all year round and serves the busy tourist sector well.

Further information on the hotel including tariffs, virtual tours of the bedrooms and an extensive list of attractions in the area, can be found at their website, www.thedownshire.co.uk

From accounting information provided, sales for the year ending March 2016 were in excess of £350,000 with strong adjusted net profit levels. More recent accounting information is available upon request.

The business offers a lifestyle/relocation opportunity for a family, or, an experienced operator and there is potential for growth given the strong visitor levels to Portpatrick on an annual basis. 

Terms

RATING - The Rateable Value is £22,800.

PRICE - Offers of £500,000 are invited for our client’s heritable interest to include the goodwill, fixtures and fittings. All offers should be submitted to the joint  selling agents in Scottish Legal terms.

All prices are quoted exclusive of VAT (if applicable).

FINANCE - The joint agents are in regular contact with the specialists involved in the financing of business and property purchases in Scotland and would be happy to effect the necessary introductions if required.

EPC - Available upon request.

LEGAL COSTS - Each party to be responsible for their own legal costs incurred during the transaction.

Specification

  • Historic South West Scotland coastal village and popular tourist destination
  • Prominent corner position close to Portpatrick harbour and promenade
  • Established hotel business with 12 letting bedrooms
  • Welcoming public bar and 40 cover dining room
  • Strong local reputation with turnover in excess of £350,000 p.a
  • Offers of £500,000 are invited

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers of For Sale Freehold £500,000.00 NA

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Contact agents

Anthony Zdanowicz

DM Hall

01698 225068

Ross Alexander

South West Property Centre

01776 950147



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