18th Century Country Inn on Isle of Bute
Price:
Freehold - £425,950
Location:
Scotland, Isle Of Bute, Kingarth
Business Type:
Food Service Businesses, Hotels, Pubs
Preferred Commercial is delighted to offer for sale this popular country inn, which dates back to 1786 and which has been in our clients' hands since 1997. The business is only now being placed on the market due to our clients' wish to relocate. Kingarth Hotel offers a public bar, restaurant and function facilities, 3 letting rooms and a bowling green, and generates a turnover in the region of £400,000 per annum with a gross profit of 60%. Plans have been drawn up to convert existing chalets, which are currently used for storage, into a 2-storey block of 10 letting rooms, which would no doubt increase turnover. There is also scope to market the function side of the business further. The premises boast 2-bedroom owners' accommodation which are finished to a high standard throughout. There is a quality web site in place which offers information about the services and facilities of the hotel as well as local information and attractions. The business boasts an enviable reputation for the quality of food and service and benefits from much repeat custom. We are advised that there is a 2011 Ford Tourneo minibus, used as a courtesy bus, available by separate negotiation. We feel this is a rare opportunity to acquire a thriving and well-established country inn in such a desirable location. Early discussions with Preferred Commercial must come highly recommended.
The Kingarth Hotel occupies substantial premises on a prominent corner trading position in the rural area of Kingarth on the Isle of Bute. The hotel is located just a short walk from the beach at Kilchattan Bay and is ideally located on the A844, the main road around the island. The main town of Rothesay and ferry terminal lie approximately 7 miles to the north. The Isle of Bute is one of Scotland's most easily accessible islands. Situated in the Firth of Clyde and benefiting from several ferry services, the island lies less than 2 hours from Glasgow. The area is popular with tourists, who visit for the many attractions such as the ruined 12th century St. Blain's Chapel, Rothesay Castle and the Bronze Age standing stone cirles.
Substantial country inn premises, situated on a prominent corner location. All letting rooms have TV with DVD player and Freeview, WiFi access and en-suite facilities. Briefly comprising:
Ground Floor
• Main bar with well-equipped servery for both bar and dining areas,
• Ladies and gents WCs
• Club lounge with raised private dining area
• Function room
• Serving room,
• Commercial kitchen.
• Compact cellar
First Floor
• Red Room: twin room • Blue Room: double room • Green Room: twin room
• Owners' lounge with adjoining kitchenette
• Owners' bathroom
• 2 x owners' bedrooms
External
• 3 x seating areas
• Former letting chalets,
• Dry storeroom and laundry.
• Bowling Green,
• Large car park to side
North Yorkshire
£ 750,000
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