Description

CLOSING DATE FOR OFFERS - FRIDAY 31ST MARCH 2023 AT 12 NOON

On the instructions of Michelle Elliot and Stuart Robb, Joint Administrators of Mountview Hotels Limited (in Administration)

General Location

Callander is a bustling tourist town, which gives visitors travelling north the first taste of the Highlands. Callander is at the westmost boundary of Loch Lomond and the Trossachs National Park, which has some of Scotland’s most spectacular scenery. The park itself attracts over 4 million day visitors per annum and is Scotland’s most popular countryside destination.

Specific Location

The hotel is within the town of Callander. Hotel guests can enjoy the numerous hospitality outlets within the town and the many walks and cycle routes available from the town centre.

Travel Distances

Description

The hotel is formed around a 2 storey and attic, attractive stone villa, which has a large 2 storey modern extension, plus additional single and 2 storey extensions to the side and rear. The property sits on a mature site, with attractive landscaping.

Accommodation

The accommodation internally is summarised as follows:

Ground Floor

Entrance area with formal reception desk, restaurant with fitted bar servery with seating for around 40 persons and residents lounge for 10-12 persons. Extensive commercial kitchens, toilet and back of house storage areas.

2 en-suite letting bedrooms.

First Floor

There are 11 letting bedrooms at first floor level, 10 of which are en-suite and 1 has a remote bathroom.

Second Floor

1 en-suite letting bedroom, 2 staff rooms which share a shower room.

Owner’s Accommodation

There is an extensive owner’s house, with large lounge/dining area, family bathroom, 3 double bedrooms plus a dressing room/single bedroom. The owner’s house has its own access at the rear of the property or is accessed off the kitchen to the hotel.  The hotel kitchen provides the kitchen facilities to the owner’s house.

Self-Catering Unit

There is a standalone self-catering unit, with lounge, double bedroom, bathroom and kitchen area all at ground floor level.

Summary of Letting Accommodation

• Restaurant, residents lounge, extensive kitchens and storage.
• 14 letting bedrooms (13 en-suite and one remote bathroom).
• Extensive 5 apartment owner’s house.
• Self-contained ground floor 1 bedroom apartment.
• 2 staff bedrooms.

Services

We understand that the premises are connected to mains water, gas, electricity and drainage. Heating is from a gas fired central heating system.

Rateable Value

The premises are entered in the valuation roll at a Rateable Value of £16,000. The proposed Rateable Value with effect from 1st April 2023 is £21,750. A new occupier has the right to appeal the Rateable Value.

Premises Licence

The premises do not have a liquor licence. Historically the business model did not require a licence. More recently occasional licences were utilised.

Background & Trading Profile

We understand the premises were acquired in February 2020 for a price in the region of £800,000. The property is owned by Mountview Hotels Limited, which was placed into Administration in January 2023. The business was operated by a related company, Mountview (AL) Limited, which was placed into provisional liquidation in January 2023.

We understand that Net of VAT income for the period February to July 2022 inclusive was £183,054, with the months of May, June, and July that year averaging £40,184 per month excluding VAT.

A purchaser will be required to make their own assessment of the likely future operating performance of the business.

The Opportunity

The Abbotsford Hotel presents a first-class opportunity to the market. The property has extensive owner’s accommodation and is a full-service hotel. Future operators may wish to limit the food and beverage offer to residents and trade as a Bed and Breakfast or offer a full-service menu, depending on a purchaser’s expertise and operating style.

The building sits on a large site and may offer development opportunities, subject to the necessary consents.

Price

The premises have been priced at offers over £595,000 (plus VAT if applicable) for the benefit of the heritable interest, trade fixtures and fittings, furnishings and equipment.

EPC

The premises have an EPC rating of G. A copy of the EPC will be provided to interested parties.

Viewing & Further Information

Strictly no approaches to be made to the property direct. For further information please contact CDLH on 0141 331 0650.

Viewing - Strictly by appointment

For an appointment to view, please contact:

Sharon McIntosh

E:  sharon.mcintosh@cdlh.co.uk

t:  0141 331 0650 (Option 1/1)

m:  07824 395 288

For further information, please contact:

Alan Creevy

E: alan.creevy@cdlh.co.uk

t:  0141 331 0650 (Option 2/1)

m:  07901 001 911

Anti Money Laundering

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers.  Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need  to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.

Floor Plans

• Floor Plans

  

  

  

Dataroom

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