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Douglas Arms Hotel, 200 - 206 King Street, Castle Douglas, DG7 1DB

£225,000

Business rates & charges may apply

Christie & Co, Hotels
SIZE

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SECTOR

Hotel for sale

Key features

  • 23 Letting Rooms
  • Three Bedroom Manager's Flat
  • Located in Town centre
  • Car Park (15)
  • Development potential
  • Energy Rating G
  • Christie & Co Ref: 6846693

Description

Description

A well positioned 23 bed hotel located in the town centre of Castle Douglas.

The hotel also has a public bar, restaurant, two small meeting / function rooms and a large function room to accommodate around 80.

Located on the first floor is a three bedroom manager's flat.

Location

Centrally nestled within the picturesque market town of Castle Douglas, this comfortable hotel dates back to the 1700's, when it served as a coaching inn for stagecoaches. Douglas Arms Hotel is a three minute drive from Loch Ken, six minutes from Galloway Activity Centre and eight miles from Red Kite Feeding Station.

The nearest airport is Glasgow Prestwick Airport which is 53 miles from the hotel, and there is a local bus service nearby which connects the city to Kirkcudbright, Dumfries, Stranraer, Carlisle, Glasgow & Edinburgh. The bus stations near the hotel are Queen Elizabeth Drive, Brown Crescent, Oakwell Road, and Whitelaw Avenue which are located no more than one mile away.

Dumfries Train Station is the nearest train station to Douglas Arm Hotel, and it normally takes half an hour to reach the hotel from there. Douglas Arms Hotel is also located three minutes from A75, giving easy access to the town of Dumfries, and areas around Castle Douglas.

Internal Details

Restaurant with side lounge and public bar located on ground floor accessed via St Andrews Street.

There are two meeting rooms/small function areas and a large function room known as the Stewart Room which can accommodate around 80 situated to the rear of the reception area.

There are 23 letting rooms located on the first floor, a variety of singles, doubles and twins. In addition is a three bedroom private manager's flats located on the first floor.

Fixtures & Fittings

All fixtures and fittings within the property are included in the purchase price (excluding any personal items).

External Details

The two storey property of painted stone under a pitched and slated roof.

On-street parking is available on a first come first served basis to the front of the hotel with a large car park for around 15 vehicles to the rear.

The Opportunity

A great opportunity to acquire a freehold hotel located in the centre of Castle Douglas.

The hotel is currently vacant however, could once again thrive under the right management. In addition to continued use (subject to reinstatement of license), the property also lends itself to various development opportunities - subject to obtaining planning from local authority.

Castle Douglas is well known as Scotland's Food Town due to the town having a strong focus on local produce and independent food businesses.

The incoming purchaser would be in a strong position to capitalise on the existing restaurant space to cater for both locals and tourists.

Trading Information

The hotel is currently vacant and not trading.

Development Potential

The property would suit a variety of development options including self catering apartments, office, retail or ground floor restaurant/takeaway with residential dwellings at first floor. These potential options would all be subject to obtaining planning from the local Authority.

In addition to developing the main hotel, there is a detached two storey outbuilding to the rear which is currently not being used and could be developed going forward.

Business Rates

According to the Scottish Assessors, the Rateable Value is £35,000 with effect from 1 April 2023.

Confirmation of actual business rates payable should be obtained from the Local Authority.

Brochures

Douglas Arms Hotel, 200 - 206 King Street, Castle Douglas, DG7 1DB

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Dumfries Station16.0 miles

About Christie & Co, Hotels

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 6846693-fh. 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 Christie & Co, Hotels. 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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