18 bedroom hotel for sale

Garth Hotel Castle Road, Grantown-On-Spey, PH26

Offers in Region of £975,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

The Garth Hotel, with its pleasing white washed and harled frontage, has a striking and imposing location at the northern end of Grantown on Spey’s main street. Well known and well established, the Garth Hotel trades predominantly on the tourist and leisure sector to its bedrooms and to its pleasing restaurant (with extensive non-resident dining trade too), with overflow to an attractive garden area in the summer. The hotel itself is an excellent opportunity for new owners, but with the inclusion of the properties next door and the land to the rear, which have full planning consent to develop 12 self-catering units and create two semi-detached houses gives the Garth that element of excitement to develop a new leisure destination associated with the hotel.

Grantown on Spey situated in beautiful and renowned Speyside and located in the Cairngorms National Park ensures that the locality needs minimal introduction – this speaks for itself – whether its tourists or other leisure and commercial visitors. Fishing, shooting, golf, ski-ing, bird watching, whisky trails, steam driven railways, cycling, walking, mountaineering and much more are all there to enjoy on the hotel’s doorstep – or simply revel in the aesthetic beauty of the Highland scenery. Accessibility is always the “key” and Grantown on Spey “ticks the box” with the main A9 (some 15 miles distant to Aviemore) providing trunk road access to Perth and Central Scotland, whilst the main line train stations are available at nearby Aviemore and Inverness, (with the latter the “capital” of the Highlands) also offering good airport links to UK and overseas.

The Garth Hotel has been in the same ownership since 1998 and over the years they have developed the business to create this attractive and good quality 3 star hotel. More recently they have obtained the full detailed planning consent for the development of holiday units and conversion of the adjoining cottages which offers an exciting opportunity to develop another leisure destination. One of the partners in the business is now seeking to retire and this wonderful opportunity is being offered for sale – a new owner can choose to develop the holiday properties in phases and stages to suit their own needs associated with the hotel.

THE PROPERTY

The Garth Hotel has an imposing location on Grantown on Spey’s Main Street and has its accommodation over two main levels as follows.

PUBLIC AREAS

The hotel’s main entrance leads via a porch into the Entrance Hallway where there is a reception counter and office behind. Immediately to the left is the Lounge Bar (22), an intimate room with bay window overlooking the gardens. Off an inner wall steps lead down to a small Resident’s Lounge (12) which features an open fireplace with carved mantle surround. Alongside is a private Dining Room/Meeting Room (10). The hotel’s main Restaurant is accessed off the inner hallway and is in two parts, split level, seating a maximum of 70 and the upper level features bay windows south facing overlooking the garden. On the first floor there is another Lounge/Meeting/Conference Room (45).

LETTING BEDROOMS

18 Letting Bedrooms to sleep 39 (8 Double/Twin; 7 double; 2 single; 1 family). All of the bedrooms have ensuite facilities (17 bath with shower; 1 shower only). Three of the bedrooms are located at ground floor level with the remainder on the first floor. All the rooms have central heating, direct dial telephone, radio/alarm, hairdryer, TV and tea/coffee facilities.

SERVICE AREAS

Well-equipped main commercial kitchen with a range of stores, dry stores, wash up areas, etc to support the kitchen. Boiler room. Cellarage. Housekeeper stores.

STAFF/MANAGER’S ACCOMMODATION

At floored/attic level there is a suite of rooms providing accommodation of double bedroom with bathroom ensuite.

OUTSIDE

There is ample car parking to the rear of the property for the hotel plus there is on street car parking. Private garden area at the south elevation of the hotel that provides a sheltered patio/terrace for alfresco dining and beverages.

SERVICES

Highland Council, Inverness (01463 702000); Cairngorm National Park (01479 873535). Mains electricity, water and drainage. LPG gas. Central heating from gas fired boiler.

DEVEOPMENT

GLADSTONE HOUSE

Alongside the hotel there are two semi-detached cottages (Category C Listed) that have detailed planning consent (2014/0110/LBC) to convert, refurbish and renovate to create a 5-bed house and a 2-bed house. tages (Category C Listed) that have detailed planning consent (2014/0110/LBC) to convert, refurbish and renovate to create a 5-bed house and a 2-bed house.

SELF-CATERING UNITS

On land to the rear of the hotel planning consent (2014/0105/DET) has been granted to build and develop 12 self-catering holiday units – one 1-bed; ten 2-bed; one 3-bed.

Full details of the planning consents can be inspected on the planning portal of Cairngorm National Park website, quoting the planning references indicated above.

Detailed plans of the proposed development can be provided by the selling agents, on request.

LICENCE

Premises Licence.

2015 LISTINGS

STB 3-Star Small Hotel (Taste our Best Award).

WEBSITE

www.garthhotel.com

TRADE

Management trading accounts for the year ended 30th April 2014 show the hotel’s total turnover of £714,020 (net of VAT). Trading information will be made available to genuinely interested purchasers, preferably after viewing.

PRICE

Offers around £975,000 to include the Garth Hotel, Gladstone House and development land, for the freehold (heritable feuhold/outright ownership) properties complete with goodwill and trade contents (according to inventory). Stock at valuation.

OFFERS

All offers should be submitted to Colliers International with whom purchasers should register interest if they wish to be informed of closing dates.

FINANCE

Colliers International is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the vendor or broker involved.


TO VIEW

All appointments to view MUST be made through the vendor’s agents who are acting with sole selling rights.

Energy Performance Certificates (EPCs)

Nearest station

  • Carrbridge (9.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Edinburgh

1 Exchange Crescent, Conference Square, Edinburgh, EH3 8AN

0131 291 0011 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

  • Carrbridge (9.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Colliers International (Hotels), Edinburgh

1 Exchange Crescent, Conference Square, Edinburgh, EH3 8AN

0131 291 0011 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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