Description

LOCATION

The Kingarth Hotel is situated in an excellent trading location on the southern periphery of the Isle of Bute, within the village of Kingarth, with attractive views to Kilchattan Bay.

The premises are accessed at the main crossroad of the village of Kingarth and are immediately adjacent to the main ring road running around the Isle of Bute and connecting into the island’s main town, Rothesay.

This is a highly attractive countryside setting, able to draw business from the residents of the Isle of Bute, as well as significant tourist/staycation income.

DESCRIPTION

The premises are arranged within original stone constructed buildings, which are likely to date from the early 1900’s. The premises have been sympathetically extended and converted to their current use as a licensed hotel.

The main buildings are arranged over part single and part two storey and include a variety of extensions to the rear.

Included within the demise is a rear courtyard area, separate outhouse which has been converted to letting bedrooms, and adjacent Bowling Green, which provides significant expansion possibilities.

ACCOMMODATION

The accommodation is as follows:

GROUND FLOOR

Bar/Restaurant

Attractive, traditional bar, with bar servery, which opens to the rear restaurant, similarly finished in quality traditional decorations. We would estimate seating for 70 persons.

Breakfast Room

Situated adjacent to the main bar, with seating for approximately 16 persons.

Function Suite

Function suite with a capacity for approximately 75 persons. There is a main function room and adjacent service area.

Ancillary Accommodation

Fully fitted and good quality commercial kitchen, customer toilets, beer cellar and stores.  There is also a large office space.

FIRST FLOOR

Owner’s Flat

With separate staircase from the ground floor. There is a double bedroom with walk-in cupboard off, living room, bathroom and

kitchen.

Letting Accommodation

There are three additional letting rooms, all with en-suite bathrooms and their own individual style.

EXTERNAL

Letting Outhouse

Recently converted and in a first-class condition throughout. There are two double/twin en-suite letting bedrooms and a central lounge area. The rooms can be utilised as a family suite or let as two individual double en-suite rooms.

Front Gardens

Front gardens adjacent to the main road, which are bounded by a stone wall and includes external seating for approximately 25 persons.

Rear Courtyard

Part covered timber deck adjacent to the main bar/restaurant with external seating for approximately 50 persons.

Bowling Green & Other

There is a former bowling green situated adjacent and included in the demise. The bowling green provides significant expansion possibilities for a new purchaser to develop glamping pods, lodges or other. In addition, the demise includes a car park, with space for approximately 18 cars, stores and an external boiler room.

RATEABLE VALUE

The Rateable Value of the property is £31,750. This is allocated, £29,750 for the hotel and £2,000 for residential.

SERVICES

The premises are connected to mains water and electricity. Heating is from an oil-fired central heating system. Cooking is from LPG. Drainage is to a septic tank, which is located within the demise boundaries.  There is an integrated CCTV system.

PREMISES LICENCE

The property has a premises licence in place. This will be transferred to a purchaser.

THE BACKGROUND

The premises were purchased pre the pandemic around August/September 2019. After purchase, significant works were undertaken to the premises in terms of a general refurbishment, creation of the good quality letting bedrooms within the courtyard outhouse and necessary repairs/renewals to the roofs. In addition, a new oil-fired boiler was installed in the main building.

Tragically, the owner passed away in September 2020, just after the first government lockdown. The business ceased trading and has been closed since, albeit remains in very good condition and is fully fitted and equipped.

The ownership includes an adjacent former bowling green that may provide a purchaser with substantial expansion space for additional letting pods/accommodation, subject to the necessary consents. The car park is leased from an adjacent landowner.

HISTORIC ACCOUNTS

Due to the circumstances, there is very limited trading information available. We do have historic sales for the business (net of VAT) prior to the purchase in August/September 2019 as follows:

Historically, the business generated a high level of revenue. In addition, it is crucial to note that this was pre the refurbishment and extensive works undertaken to the premises, as well as creating two first class letting bedrooms within the courtyard area.

ASKING PRICE

The premises have been placed on the market at Offers Over £385,000 + VAT, to include all fixtures, fittings and equipment.

EPC

Available on request.

VIEWING AND FURTHER INFORMATION

For further information or to arrange a viewing, please contact our Glasgow office on 0141 331 0650.

Floor Plans

There are no property floorplans available

Dataroom

There are no property datarooms available