Commercial Property for sale

Lagg - KA27

£749,950

Property Description

Commercial information

  • Business for sale

Key features

  • 13 ensuite letting rooms
  • Public bar, Lounge bar, Function suite
  • 3 bedroom owners house, 4 bedroom staff accom.

Full description

Tenure: Freehold

Description
The Lagg Hotel is an extremely well run business that has been run by the current proprietors since 2004. Since purchasing the business from Bruce and Co the property has been extensively refurbished by the current vendor and is now presented in walk in condition The property has been placed on the market due to the current proprietor’s impending wish to retire from the Licenced trade. The business trades throughout the summer season, and benefits from a good mix of local and tourist trade with much repeat custom enjoyed, particularly due to its excellent location on the popular tourist island of Arran.
Additional marketing is carried out through its own informative website www.lagghotel.com


Situation
Kilmory is located on the south peninsula of the island, approximately 16 miles from Brodick.
Arran or the Isle of Arran is the largest island in the Firth of Clyde, Scotland. With an area of 432 square kilometres it is the seventh largest Scottish island. It is in the unitary council area of North Ayrshire. In the 2011 census it had a resident population of 4,629. Arran is divided into highland and lowland areas by the Highland Boundary Fault and it has been described as a "geologist's paradise"
The Lagg Hotel occupies an enviable location in the village of Kilmory, offering views over the Firth of Clyde towards the Ailsa Craig.


Building Internal
The Lagg Hotel is a traditionally built property. The original building itself dates back to 1791 and has been renovated and regularly maintained by the current vendors. The main entrance is from the front which leads to all private a public areas.

Public Areas
The main entrance to the hotel is via a period double timber door, which leads into a spacious reception area. The reception counter is located to the rear on entry. The reception further benefits from a solid fuel burning stove and traditional fireplace to the left with occasional seating.

To the right of the reception on entering you will find the guest lounge. The lounge is traditionally decorated and benefits from a period feature fireplace with open fire and offers views to the gardens at the front of the property. The lounge further gives access to the sunroom via a set of timber French doors. The sunroom benefits from a wooden floor and offers a double aspect view to the gardens to the front and side. In addition, the sunroom gives access to the hotel gardens.

To the left of reception, you will find the hotels, lounge/bar. The lounge is traditionally presented and furnished, offering seating for 36 persons, again benefiting from a period open fireplace. The bar is located to the right of the room and has recently undergone a refurbishment program. The lounge bar also gives staff access to the public bar.

Located off a corridor to the rear of reception you will find the dining room and Function suite at the Lagg Hotel. The dining room can accommodate 30 persons, and is currently utilised as the breakfast room and for smaller functions. The dining room features a large set of sliding doors, giving access to the function suite of the Lagg Hotel.

The function Suite can accommodate 70 persons, seated. And can seat upto 100 persons when the room is opened up to the dining room. The Function suite has been tastefully refurbished by the current vendors and offers a dual aspect view and access

Letting Rooms
The letting rooms at the Lagg Hotel are located off the reception hallway. From the right stairway you will find the rooms in the ‘old wing’ of the property. This letting wing comprises 3 ensuite letting rooms, featuring bedroom 1, with a four poster bed and a dual aspect view, along with a double bedroom and family room with a double and single bed.

The ‘new wing’ to the left of the reception offers a further 10 letting rooms. These rooms comprise 2 singles, 1 double room, 1 family room with double and single beds, superior double again with a dual aspect view and 5 double/twin rooms.

All bedrooms are en-suite, offer garden views, well presented and tastefully decorated in keeping with the period of the property offering hospitality trays, internal telephones and flat screen TVs.


Service Areas
As expected with a property the size of the Lagg Hotel, there are extensive service areas. These include a fully fitted commercial kitchen, laundry, dishwash area, cellar, wine store, red wine store, spirit store, manager’s office and various store rooms and outbuildings.

Building External
The property sits commandingly within its own grounds. To the side of the property are large well maintained mature gardens, leading down to a burn. To the front of the property you will find additional outside seating. Across the road there are additional garden areas, along with a large car park and double garage for additional storage.

Owner Accommodation
The owners’ accommodation is located to the rear of the hotel via a private driveway and is a two storey detached property, of timber and brick construction. The house comprises of a large open plan dining kitchen, living room and WC on the ground floor with three good sized bedrooms and a family bathroom on the upper level.

Services
The property has mains water and electricity and drainage, with LPG GAS for cooking and hot water. Heating is by way of electric storage heaters and open fireplaces in public areas.

Tenure
The property is held on the Scottish equivalent of Freehold.

Licence
The business trades with the benefit of a full Licence, and conforms to all fire regulations.

Trading Figures
Accounts are available on request after a formal viewing has taken place.


Summary
The sale of The Lagg Hotel offers a rare opportunity to purchase a high quality, beautifully presented property and business which is trading well but with potential for expansion of the business. It benefits from it’s excellent location and reputation. Viewing is strongly recommended.

Price
OIRO £749950 are sought for all heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact our office on 0131 314 0660.

Website
Visit our website at www.bruceandco.co.uk for a range of other properties available.

Bruce & Co
Bruce & Co is the trade name of Bruce & Co Ltd. Registered in Scotland No: 190660.

Nearest station

  • Girvan (20.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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

  • Girvan (20.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Bruce & Co

First Floor Office, Unit 9A South Gyle Crescent, Edinburgh, EH12 9EB

0131 291 0567 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.

Disclaimer - Property reference 44524. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by ALTIUS GROUP LIMITED, Bruce & Co. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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