Hotel for sale

Atholl Arms Hotel, Bridgehead, Dunkeld, PH8 0AQ

£1,675,000

Property Description

Commercial information

  • Business for sale

Key features

  • 17 en suite bed hotel
  • Strong EBITDA in excess of 200,000
  • Award winning outside bar & terrace
  • Lounge bar & bistro
  • Award winning Riverview Restaurant
  • Energy Rating G

Full description

Tenure: Freehold

Description

The Atholl Arms Hotel is the most prominent building on Dunkeld's main street, an impressive property of traditional Georgian construction set over four levels including a basement. 17 well presented bedrooms are contained within the hotel as well as a popular lounge bar, restaurant and dining room. The newly created outside seating area, overlooking the River Tay, was awarded "Best Outside Space" at the 2016 SLTN awards.

Location

The Atholl Arms hotel is located on Bridgehead, the main road through the Perthshire town of Dunkeld, one of the most complete 18th Century country towns in Scotland. Enjoying a prominent position overlooking the River Tay, one of Scotland's finest salmon fishing rivers. Dunkeld is easily accessible via the A9, the major trunk road linking Stirling in the south with Inverness and beyond to the north. The hotel is located some 15 miles north of Perth and 70 miles south of Aviemore via the A9. The Cairngorms National Park is located north of the property and Dunkeld is a popular base for tourists and visitors to the area. Scotland's central belt, including the major cities of Glasgow and Edinburgh, are just over an hour's drive away, with the A9 being a well used route for international visitors.

Ground Floor

The hotel reception is provided within an open plan lounge area which provides access to the Riverview Restaurant and Meeting Place Bar and Bistro. This award winning restaurant comfortably seats 40 covers and can double up as a function room for intimate weddings. The compact bar maintains a traditional feel with open fireplace and leading into the popular bistro area seating 60 covers. All the trading areas have been refurbished to a high standard.

Other Floors

A full commercial kitchen is provided along with extensive ancillary and storage accommodation.

Fixtures & Fittings

All fixtures and fittings required for the day to day running of the business will be included in the sale, minus personal items.

Letting Accommodation

The hotel provides a total of 17 en suite letting bedrooms contained over first and second floor levels all fitted to a high standard throughout. The hotel offers a wide range of bedrooms ranging from the Victoria Suite to budget rooms, seven offering river views.

External Details

The hotel includes the recent addition of the riverside external seating area which won the "Best Outdoor Space" award at last years SLTN awards. A paved area with a covered bar provide lunches and refreshments throughout the day and overlooks the River Tay .

The Opportunity

This hotel has undergone complete upgrading and refurbishment and provides a quality business which continues to grow year on year. Given its prime location overlooking the River Tay this 17 bedroomed property, with its award winning Pavilion bar and terrace area, is poised for substantial growth. Dunkeld is a popular location particularly for short term breaks as it is easily accessible to the central belt. It is also a major tourist destination with an average room rate of £94. The bar and bistro is popular with locals and visitors alike offering a brasserie style dining experience with an average spend of £15 per head. The Riverview restaurant offers an infusion of classic and modern dishes and is now a destination in its own right.

In 2016 our clients built the Pavilion Bar and outside terrace in the gardens overlooking the River Tay. With seating for 80 this area has proved extremely popular capitalizing on its unique location.
This excellent business offers an investor or experienced operator a business with further strong growth potential producing a high level of return.

Trading Information

The hotel is currently run under management and not owner operated. Trading accounts provided by the vendor show sales net of VAT for the year to 31 January 2016 of £778,212 net of VAT. Sales this year have increased to be in the region of £885,000 net of VAT with an impressive EBITDA in excess of £200,000.
Full accounts will be provided to interested parties after formally viewing the property.

Business Rates

The proposed rateable value for 2017 is £55,900.


More information from this agent

Nearest station

  • Dunkeld & Birnam (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Dunkeld & Birnam (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Edinburgh

18 George Street, Edinburgh, EH2 2QU

0131 291 0102 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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