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5 bedroom hotel for sale

Lauriston Hotel, South Crescent Road, Ardrossan, Ayrshire, KA22

Guide Price £650,000

Property Description

Key features

  • Freehold Investment
  • Currently Leased to 2023
  • Net Landlord Income of 78,000 Per Annum
  • Seafront Hotel

Full description

Tenure: Freehold

The property is a substantial stone built property with accommodation on ground and first floor levels. The property has been extended over the years to include a conservatory to the front. To the rear there is a tarmacadam car park.

Accommodation briefly comprises: main reception entrance, lounge bar (24), conservatory dining room (42), private dining room (20), function room (160), public bar with separate entrance, kitchen & associated service areas including toilets, cupboards and stores, 5 ensuite letting bedrooms (2 family, 2 double & 1 twin).

The property is currently let to a Limited Company and is leased on a full repairing and insuring basis until April 2023. As a five year average the landlords are receiving an income of 78,000 per annum from the property. The tenant is tied for the purchase of draught alcoholic products.

Subject to further diligence the new Landlord may wish to extend the lease term.

More information from this agent

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