Investment Properties for sale in North Ayrshire

View the "Freehold Hotel Investment, Ardrossan (ref. 893)" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Imran Ahmed (Nov 2014)
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Freehold Price: £650,000
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Business Description
Excellent freehold investment for sale. Currently leased to 2023 with an average net landlord income of £78,000 for the last five years. Opportunity to increase lease tenure to already established tenant. Seafront hotel. Modernised to an exacting standard by current tenant. Large stone built property with car park to rear.

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.

If this business is of interest to you, please request full Sales Particulars or alternatively contact Cornerstone Business Agents on 0131 445 7222 or by email to info@cornerstoneagents.co.uk.
Trading Hours:
Investment Sale Only.


Tenure: Freehold

Location Details:

This investment opportunity is based in the Ayrshire town of Ardrossan around a 45 minute drive south of Glasgow city centre. Ardrossan and the neighbouring seaside town of Saltcoats are situated close to other larger centres including Troon, Largs, Prestwick and Ayr.

The property enjoys a prominent trading position on Ardrossan seafront close to the town’s railway station.

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Listed by: Cornerstone Business Agents
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