Description

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 the 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 Crags Hotel is within the core town area, at the heart of the town centre. 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 Crags Hotel is formed around a three storey imposing stone built semi detached property, with crow step gables and a pitched and slated roof. To the rear, there is a two storey stone property and single storey extension. There is a small parking area to the rear.

Accommodation

Ground Floor

Reception lobby, with a bar area off, including a fitted bar servery and an overspill bar seating area. There is further seating for approximately 22 persons in a central dining area and a commercial kitchen off.

To the rear there are 3 en-suite letting bedrooms.

First Floor

There are 2 ensuite letting bedrooms at first floor, one of which is a family room comprising a double bedroom with single room off.

Second Floor

There are 4 ensuite letting bedrooms.

Gent’s Toilets

Situated to the rear. Stainless steel urinal for five, WC and wash hand basin.

Service Areas

Small holding area/staff kitchen to the rear of the bar servery.  Beer cellar with chill and access to the rear.

Summary of Letting Accommodation

In total there are 9 ensuite letting bedrooms, one of which is a large family room, comprising a double room with a single room off. Typical bedrooms are furnished with a flat screen television and tea and coffee making facilities.

Rateable Value

The premises are entered in the valuation roll at a Rateable Value of £17,400. The proposed Rateable Value with effect from 1st April 2023 is £14,500. A new occupier has the right to appeal the Rateable Value.

Premises Licence

We understand there is a premises licence in place, which is available to transfer to a purchaser.

Historic Accounts

The company which operated the business, Mountview Hotels Limited, was placed into Administration in January 2023. We understand that the Crags Hotel had an annual turnover excluding VAT to the year-end April 2019 of £274,982. This figure cannot be verified or warranted as to its accuracy by the Joint Administrators or the Selling Agents. As the Crags was part of a larger multi-site business individual profit and loss accounts are not available.

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

The Opportunity

The Crags Hotel is very well located in a town centre position within the very popular town of Callander. Historically, the business has traded as a 9 bedroom hotel with a small bar facility. The business could re-open as such or, alternatively, the property may be suited for conversion with owner’s accommodation at ground floor level and letting accommodation on the upper floors, thereby providing a well located bed and breakfast property in a sought after trading locale. The building may also be suitable for partial or complete conversion to self-catering accommodation. The location of the property and its attractive frontage, provide a number of opportunities to any potential purchaser.

Price

Offers Over £295,000 (plus VAT if applicable) are sought for the benefit of the heritable property, including all trade fixtures, fitting and equipment within the premises.

EPC

An EPC report has been instructed for the property and will be made available 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.

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.

Viewing - Strictly by appointment

For an appointment to view, please contact:

Sharon McIntosh

sharon.mcintosh@cdlh.co.uk

t: 0141 331 0650 (Option 1/1)

m: 07824 395 288

For further information, please contact:

Alan Creevy

alan.creevy@cdlh.co.uk

t: 0141 331 0650 (Option 2/1)

m: 07901 001 911

Floor Plans

There are no property floorplans available

Dataroom

There are no property datarooms available