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Hotel In Popular Tourist Location , Islay Frigate Hotel, Harbour Street, Tarbert, PA29 6UD

not specified / Leisure / Hotel

For Sale - £450,000.00

Available - Last updated: 20 September 2021

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 the kitchen facilities to the rear. Upstairs on the first floor there is a substantial dining room which can cater for up to 60 persons at a single seating and benefits from panoramic views onto the harbour.

On the first floor there are also further toilets, a staff area and associated office.

On the second floor there are four letting bedrooms and a further two/three lettable rooms provided at attic level. Due to current covid restrictions one of the rooms is now being used as a shared lounge.

At the rear of the property there is a small self contained owners/ staff studio flat with en-suite shower room.

To the rear of the property the current owners have clearly invested money to provide an attractive outdoor seating/beer garden area which appears to be a bit of a sun trap. In addition there is another rear section of garden which has not been development and could provide further accommodation/beer garden space subject to any consents.

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.

Tarbert occupies a key location on the route to the Isles. The last stopping point on the main land before reaching the port of Kennacraig. Tarbert is an ever popular tourist destination with visitor numbers rising year on year especially with the introduction of the new Kintyre 66 Route.

Accommodation

Licensed hotel with 7/8 lettable rooms.

Terms

THE BUSINESS: Currently operates as a typical Scottish independent, unbranded licensed hotel which trades all year round over a 52 week cycle.

Historic income has been acheieved from a combination of food, beverage and room sales. However due to staff shortages the current owner has had to shut the restaurant and as such the main income is from wet sales and accommodation. Breakfast is still being provided for paying guests.

The existing letting bedroom tariff ranges from £55 to £150 per room per night for bed and breakfast accommodation.

The guest profile is largely derived from leisure and tourism with a significant proportion of historic guests coming from mainland Europe via a number of on-line booking agent sites. Currently the majority of guests are coming from domestic tourism. Tarbert is now featured in a number of new driving routes including the new Kintyre 66 route.

The bar area functions as a local bar with an established base of regular customers. Currently there is a pool table, juke box and flat screen televisions with sporting events broadcast via a satellite sports package. The bar also offers a very attractive array of local beers and Scottish whiskeys.

The business currently operates under full time proprietor management and although the owners work within the business, assistance is provide by a number of members of staff.

ACCOUNTS: Trading accounts are available upon request to seriously interested parties.

THE OPPORTUNITY: There are various options that would enhance the accommodation amenity subject to internal layout alterations and reconfigurations. These possibilities would include modification of the existing bedroom layout to provide more en-suite facilities as well as the potential to convert the first floor restaurant to provide additional bedroom offerings. In addition there is potential to utilise the restaurant space for weddings as well as reopening the restaurant. The beer garden to the rear also provides a degree of opportunity in terms of improving the leisure space. As well as development of the unused garden section.

PRICE: Our clients are seeking offers in the region £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.  

Specification

  • Licensed hotel with 7/8 lettable rooms.
  • Stunning harbour side location.
  • Popular tourist location

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
Offers in the region of For Sale Freehold £450,000.00 NA

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Business Sales Advisory Team

DM Hall

0131 610 0865



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