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Licensed Hotel For Sale Freehold, Islay Frigate Hotel, Harbour Street, Tarbert, PA29 6UD

not specified / Leisure / Hotel

For Sale - £450,000.00

Available - Last updated: 16 July 2019

The Islay Frigate Hotel is contained within principally a 3 storey and attic building of stone construction. There is a further 2 storey extension to the rear of the  property and a variety of single storey further extensions.

Internally the ground floor provides a main bar and lounge area to the front with kitchen facilities to the rear. On the first floor there is a substantial eating/dining room which can cater for up to 60 persons at a single seating and benefits from a wide glass frontage providing stunning views onto the harbour. On the first  floor there are also further toilets, staff area and additional office/admin space.

On the second floor there are four bedrooms available for let which have all been renovated over the last 2 to 3 years and a further four lettable rooms provided at attic level.

To the rear of the property the current owners have invested money to provide an attractive outdoor seating/beer garden area which appears to be a bit of a sun trap. 

Location

The hotel is situated on the Main Street in Tarbert, overlooking the harbour. Tarbert is a very popular tourist spot situated within Argyllshire, on the A83 Arrochar to Campbeltown road and to the north of the Kintyre Peninsula on the West Coast of Scotland.

Accommodation

Licensed hotel with 8 lettable rooms.

THE OPPORTUNITY - There are various options that would enhance the accommodation amenity subject to internal layout alterations and reconfigurations.  Possibilities would include modification of the existing bedroom layout to provide more ensuite facilities as well as the potential to convert the first floor  restaurant to provide additional bedrooms.

The beer garden to the rear also provides opportunity in terms of improving the leisure space.

Terms

PRICE - Our clients are seeking offers over £450,000 for their freehold interest.

LEGAL COSTS - Each party to be responsible for their own legal costs incurred during the transaction with the ingoing purchaser being responsible for stamp duty, land tax, registration dues and VAT incurred.

ACCOUNTS - Trading accounts are available upon request to seriously interested parties and covering the financial years ending October 2014 through to end of 2017.  Each year of the ownership of the current proprietors has shown increasing turnover.

Specification

  • Licensed hotel with 8
  • lettable rooms.
  • Stunning harbour side location.
  • Popular tourist location.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers over For Sale Freehold £450,000.00 NA

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Contact agents

Jonathan McManus

DM Hall

0141 432 0934

Graeme Todd

DM Hall

0141 432 0877



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