The Claremont Hotel & Restaurant has a prominent location within Alloa and offers a good opportunity

Claremont Hotel & Coopers Restaurant

23 Kellie Place, Alloa, FK10 2DW

•             Purchased in 2015 and extensively refurbished- Currently closed

•             Presented well with glazed restaurant extension

•             Previously leased until January 2023- Vacant possession

•             Coopers Restaurant (100), No23 Lounge Bar & Function Rm (120)

•             Extensive private parking and decked area (50)

•             9 rms on upper floor (still in need of refurbishment)

•             Ideal opportunity with prominent roadside location

•             Huge scope to grow the accommodation side of the business

Business

Since opening in 2017 the business had built up an excellent reputation, not just locally but within the surrounding villages and had established itself as one of the finest restaurants in the area, with significant refurbishment carried out from the outset. In addition, if a new owner was to introduce the bedrooms into the equation there would be potential for significant increase to the overall trade levels, although capital expenditure would be required to get the rooms up to the same standard as the ground floor.

With the layout to the rear, the function side of things would greatly benefit from accommodation as larger weddings/functions could be offered as a package and introduce the business to other markets and grow all income streams further.

The business is currently closed and was leased out until January 2023. The property is being sold with vacant possession and is still presented very well throughout.

The Claremont Hotel and Coopers Restaurant offers an excellent business opportunity with growth potential and a viewing would be strongly recommended to fully appreciate what is on offer

The Property

The property is situated on Kellie Place, along the A907, which is the one way trunk road entering Alloa from the west. Since purchasing the property in 2015, the hotel has been extensively refurbished on the ground floor, including fully fitted commercial kitchen and toilets all presented well throughout and commenced trading in December 2017.  Due to its appealing façade and location the hotel is instantly recognisable and benefits from ample private parking to the side.

During the refurbishment the restaurant was increased to the front with a glazed extension, allowing covers for c. 100. Further consideration was given to the current layout and now includes a function room and lounge bar, with external decking and seating.

The upstairs, which is currently not in use, offers 9 rooms and further storage.