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KIRKCUDBRIGHTSHIRE - 12 BEDROOM RIVERSIDE HOTEL & RESTURANT WITH CAMPSITE

Castle Douglas, Kirkcudbrightshire, DG7 3PR

Asking Price £850,000
Leasehold Price £20,000
Tenure Leasehold

Description

FREEHOLD (Heritable) Asking Price £850,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.  Alternatively our client will consider the creation of a new lease on the following terms: LEASEHOLD PREMIUM £20,000 to include fixtures, fittings and goodwill. Stock at valuation in addition.  TERM 5 years LANDLORD & TENANT ACT 1954 Inside Part II Landlord & Tenant Act 1954 ASSIGNABILITY Fully assignable subject to Landlord’s consent DEPOSIT The successful applicant will be required to lodge with the freeholder a deposit equivalent to 3 month’s rent in advance RENT Annual rent £78,000, paid monthly in advance RENT REVIEW Subject to annual rent reviews in accordance with RPI (capped at 5% and collared at 2.5%) REPAIR LIABILITY Full repairing and insuring lease agreement repairing and insuring lease agreement TIE Free of all trade ties INSURANCE The Landlord will insure the building, the cost of which will be charged to the Tenant by way of an Insurance Rent VAT Please note that VAT will not be payable on rental payments No direct approach to be made to the business; please direct all communications through Sidney Phillips. Viewing strictly by appointment only.

Location & Situation

TRADE AREAS FRONT BAR split across two rooms, benefitting from seating for 40, side entrance porch, wooden bar servery, tile flooring, exposed feature stone walls, gas stove and stairs to the first floor accommodation. MAIN BAR with seating for 36, wooden main bar servery, wooden flooring, log burner, riverside views and access to both Ladies’ and Gentlemen's TOILETS. FUNCTION ROOM/RECEPTION with seating for 30, wooden reception counter, wooden flooring, log burner and space for a pool table. Fully-fitted COMMERCIAL KITCHEN. POT WASH AREA. LAUNDRY ROOM. Ground floor CELLAR. STOREROOM. OFFICE. SHOWER ROOM with 3 separate WCs (dedicated to campsite guests). LETTING ACCOMMODATION The accommodation comprises 12 letting bedrooms in total. Situated on the first floor: FAMILY BEDROOM with shower en suite. KING BEDROOM with shower en suite. TWIN BEDROOM which shares a bathroom on the second floor with the second floor single bedroom. Situated on the second/top floor: SHARED BATHROOM. SINGLE BEDROOM. 2 FAMILY BEDROOMS, both with showers en suite. 4 TWIN BEDROOMS, all with showers en suite. 2 DOUBLE BEDROOMS, both with showers en suite. All rooms feature tea and coffee making facilities and flat screen TVs. OWNERS ACCOMMODATION The owners’ accommodation is situated on the first floor and comprises: THREE DOUBLE BEDROOMS. BATHROOM with separate SHOWER CUBICLE. Open plan LOUNGE/DINING ROOM/KITCHEN/OFFICE. EXTERNAL REAR RIVERSIDE TERRACE with bench seating for 50. Lawned TRADE GARDEN leading down to the riverbank from which the property enjoys private fishing rights. FRONT CAR PARK with space for 20 vehicles. CAMPSITE Adjacent to the property is a gated riverside campsite with services that include water, 16 electrical connections and a chemical disposal point.

Details

Property Type
Caravan & Camping, B&B/Guest House, Restaurant, Hotels, Public House

SidneyPhillips

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