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To Let Stunning 11 Bedroom Hotel with Restaurant, New Galloway

New Galloway, Dumfries and Galloway
Freehold Price:
£750,000
Status
FOR SALE
Advert ID
235542
Reference
5411 / Rightbiz

- A unique hotel situated in a very picturesque locale
- 11 Bedrooms
- Well established restaurant offering with generous kitchen facilities
- Sale due to retirement having been under the same ownership for 18 years
- Rare turn key opportunity with a proven and robust track record

New Galloway is a picturesque town of approximately 350 inhabitants and is located within Dumfries and Galloway, a mile north of Loch Ken. The subject property itself is situated a short distance north west of New Galloway on the banks of the Water of Ken. It is situated adjacent to the junction of the A712 and the A713, making it visible to all passing traffic. The rear of the property has an outlook of the Water of Ken as well as the Ken Bridge, which patrons of the restaurant or hotel can enjoy. The surrounding areas of Dumfries and Galloway provide plenty of draw to the area which the hotel consistently trades off of

The subjects comprise of a substantial licensed hotel and restaurant, arranged over two stories and lower ground. It has 11 letting rooms, 10 with en-suite and a smaller room with its own private bathroom and a spacious, well appointed two bed owners accommodation. The whole property – both internally and externally - is presented to a very high standard, benefitting from quality pieces of furniture, which have been well curated over time in line with the existing owners good taste.

The main building houses the reception, guest lounge, office, two bed owners accommodation with private lounge and small kitchen, as well as the 10 ensuite bedrooms and an extra box room.

The furnishings of the rooms are high quality, comprising of imported teak with very apt Georgian wallpaper and décor. En suite bathrooms all provide ceramic WCs, wash hand basins and Mira power showers.

Lower ground floor level provides the lounge bar which is decorated with a variety of movable timber tables, chairs and fixed seating. The bar itself is of a traditional design with an attractive mirrored gantry to the rear.

Accessed from the lounge bar is a games room with pool and darts. The kitchen facility at this level is generous, with a wide selection of stainless steel catering equipment and white goods provided.

The restaurant may be served by its own bar, as well as an adjoining carvery area with further seating and both male and female toilets.

An outside beer garden with picturesque views over the Water of Ken complements the restaurant providing further seating for patrons in summer.

There is ample private parking for approximately 20 cars.

A campsite is also included in the sale which is adjacent to the property along the banks of the Water of Ken - it is a certified camping location through the Camping and Caravan Club of Great Britain. It’s services include water, 16 electrical connections, a chemical disposal point, dishwashing facilities and it also benefits from 3 WCs and a shower facility. It can accommodate 5 caravans and 10 tents. Occupancy here is high in the summer months and adds an easily manageable revenue stream to the business.

The hotel enjoys fishing rights over a small but very prolific stretch of the river which the present owners keep for the use of hotel and campsite guests.

The subejcts are offer on the basis of a new 10 year full repairing and insuring lease with a 3 year rent review pattern, is offered to the market, on negotiable terms.  The initial rental expectations are £40,000 per annum.  The lease will be free of tie.

 

Listing Details
Freehold Price: £750,000
Tenure: Freehold
Location: New Galloway, Dumfries and Galloway
Sector: Hotels, Camping Businesses
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • New Lease
  • Unique Business
  • Free of Tie Leasehold
  • Prime Location
  • Accounts Available
Contact Agent
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Advert Reference: 5411 / Rightbiz
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