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8 bedroom hotel for sale

West Loch Hotel, Tarbert

Offers in Region of £500,000

Property Description

Commercial information

  • Business for sale

Full description

Tenure: Freehold

INTRODUCTION

The West Loch Hotel is a most attractive 200-year-old lochside inn, well maintained and updated while retaining its essential character. It attracts visitors from all over the world, drawn by the beauty of the Kintyre Peninsula and its surrounding islands, as well as commercial custom from amongst others, SSE, Scottish Water, Calmac Ferries, the NHS, professional divers and wind farm engineers.

For many - yachtsmen, walkers, casual visitors and locals - the Mull of Kintyre and the deep penetrating sea lochs epitomise all the very best scenery, character and style of the West Coast of Scotland. The area also attracts many whisky enthusiasts visiting the many great whisky houses for which it is famous. The West Loch Hotel has a wonderful site overlooking the head of West Loch Tarbert, which is home to an abundance of wildlife, including herons, otters and a pair of ospreys, with deer often seen at the water's edge. It is a perfect base for visiting the islands of Islay (it is the closest hotel to the ferry terminal), Jura, Arran and Gigha, as well as Kintyre itself, being on the scenic A83 to Campbeltown and just a mile from the busy fishing and harbour town of Tarbert, with its marina and maritime connections.

The present owners purchased the West Loch Hotel in 2011 and have invested continuously in the property, adding greatly to its charm and comfort. Purchasers have the chance to acquire a hotel that has received a great deal of TLC to make it what it is today - a stylish business providing a very good standard of living.

THE PROPERTY

Believed to originate from the 18th century, the West Loch Hotel is constructed of stone under slate roof, and has accommodation arranged on ground, first and attic floor. Extensions have enlarged and enhanced the effectiveness of the business, and the comfort of guests and proprietors.

PUBLIC AREAS

The main entrance leads via the vestibule into the Inner Lounge with open fireplace from where there is access to the Sun Lounge (10). Beyond is the Reception and Office. To the left is the "Fireside" Restaurant (an inner room with servery counter) which accesses the "Lochside" Restaurant in the sun lounge - in total accommodating 40 covers. Towards the right is the Whisky Lounge Bar (with bar servery), which links to a Snug Bar (former public bar) (back to back servery), , and from where there is access to Chart Room (22) - an additional bar lounge/meeting/dining room.

LETTING BEDROOMS

8 Letting Bedrooms to sleep 18 (4 doubles/twin; 2 family; 2 single). 7 bedrooms have ensuite facilities (3 bath with shower; 4 shower only) and eighth bedroom with a private bathroom. All rooms are well decorated, comfortably furnished and equipped with colour TV, tea/coffee facilities, hairdryers etc.

OWNER'S FLAT

A particularly valuable feature of the West Loch Hotel is the self-contained Private Flat, with separate access, comprising: Landing, Sitting Room, Kitchen, 2 Double Bedrooms and Shower Room.

SERVICE AREAS

Commercially equipped kitchen with prep and wash up areas. Laundry. Housekeeper's Pantry at first floor. Cellar in barn store.

OUTSIDE

Ample car parking across the front of the hotel, garden area to the rear. Storage shed to the side, 2 static caravans for staff.

PLANNING & DEVELOPMENT

Plans are prepared and were approved to convert and extend the hotel to 12 letting bedrooms. These plans are available from the selling agents.

SERVICES

Argyll & Bute Council, Lochgilphead (01546 602127). Mains electricity and water. Private drainage. LPG gas. Oil fired central heating.

LICENCE

Premises Licence

WEBSITE

www.westlochhotel.com

TRADE

The West Loch Hotel is open all year round and has benefitted from major refurbishment and upgrading in recent years. Accounts for the year ended 30th April 2016 show a total turnover of 302,818 (net of VAT) with an achievable Adjusted EBITDA profit of 115,279.

Trading accounts will be made available to genuinely interested parties preferably after viewing.

PRICE

Offers around 500,000 for the freehold (heritable feuhold/outright ownership) property complete with goodwill and trade contents (according to inventory) excluding personal items. Stock at valuation. (NOTE: Personal paintings, ornaments and artefacts are excluded from the sale).

LEASE

The sellers would consider a lease of the property and business, whether on normal commercial lease or a lease purchase basis. The terms of any lease to be agreed and subject to suitability, etc.

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.

DIRECTIONS

See location map.

Tarbert 1 mile: Lochgilphead 15: Oban 52: Glasgow 100. The West loch Hotel will be seen on the left hand side of the main A83 about one mile south of Tarbert.


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