Established family owned hotel & restaurant in Lanarkshire with separate owners cottage

  • Price: Offer Invited
Larkhall, South Lanarkshire, Scotland
Seller Ref:Old Schoolhouse Hotel
For Sale

Established family owned hotel & restaurant in Lanarkshire with separate owners cottage

Larkhall, South Lanarkshire, Scotland
Seller Ref:Old Schoolhouse Hotel
  • Price: Offer Invited

Overview

Seller Ref: Old Schoolhouse Hotel

Description

The Property

The property was purchased by our clients in 2018 and since this time have spent a lot of time and effort re vamping the business and reconfiguring the layout. The main part of the building was developed into a restaurant and bar with the existing 8 rms (5 e/s) were turned into 9 e/s letting rooms.
The property is of a stone construction, with an archway leading to the rear, split over ground and first floor under a pitched roof with extensive private car parking which is predominately monobloc. Internally and externally the property is very well presented with a prominent roadside location.

Internal Details

Lounge Bar/Conservatory
Well presented space, accessed directly to the rear of the property and from within the main building. This comfortable space offers comfortable seating and dining within the conservatory, surrounded by decking and enclosed beer garden to the side.
Designed to a fresh modern style with wooden flooring and feature brushed copper style bar servery, flat screen TVs and a log burning stove in the corner.

Restaurant
Following the modern bright design, the restaurant/dining area flows through from the lounge bar and is also accessed from the front of the property. Offering covers for approximately 60 with wooden flooring and freestanding tables and chairs, within pleasant surroundings.

Coffee Shop
Located to the right had side of the building with separate access, this side of the business can be run completely independently from the main hotel. Currently closed since covid due to our clients concentrating on the core operation. Very well fitted throughout to a bright modern standard with fully fitted counter area, kitchen and ample storage.
This is an excellent opportunity to grow the trade under the owner operator or to look at the possibility of leasing it out as a small investment.
It has been considered, subject to planning, to convert this space into 3 additional e/s letting rooms.

Letting Accommodation

The property currently trades with 9 e/s letting bedrooms within the main building, which are all fitted to a bright exacting standard.
Tarriffs range from:
Midweek- £92 (2 people sharing), £82 single occupancy and Weekends-£102, £92 single occupancy.
Breakfast is not included, although a continental breakfast can be provided upon request.
The bookings come through Booking.com., the Expedia Group and their own booking system on the website, benefitting from strong repeat trade with an increasing direct trade.

Self-Catering Cottage

To the rear of the property is a small studio bungalow which comprises 1 double bedroom, en suite bathroom, fitted kitchen and spacious living room area. Private parking to the front.
Tariffs range from £135 per night.

Owners Cottage

Located within the rear car park and enclosed with its own private garden/decking area is a large spacious detached cottage which comprises 3 bedrooms (1 with toilet and WC), large living room with feature fire and patio doors to the garden, well fitted dining kitchen, large shower room and toilet, and utility/storage. The cottage is well presented throughout.
The owners do not currently stay on site.

External

The site benefits from extensive parking and ground to the rear as well as guest parking to the front. In addition to the cottages there is a large wooden detached office and a double garage that is next to the studio.

External Bar and Beer Garden
Located to the side of the building is an enclosed split level grassed beer garden with its own bar, housed within a wooden building with flip panel wall. Separate chilled cellar providing draught products. Extensive bench seating set upon raised decking and large lawned area.

Location Details:
The Old Schoolhouse Hotel benefits from a prominent roadside trading position on the busy A71. Situated on Swinhill Road at the edge of Larkhall in South Lanarkshire and sits just off junction 8 on the M74. Larkhall itself, is a popular commuter village on the outskirts of Hamilton, with excellent transport links via the M74 motorway, and approximately 18 miles southeast of Glasgow City Centre. The town in also served by a local Railway Station. Larkhall sits on the edge of the scenic and popular Clyde Valley and has a population of approximately 15,000 people. The area has excellent schooling, shopping facilities and sports amenities including golf courses, swimming baths, gym facilities and football parks. With the iconic Strathclyde Country Park close by, which is set within roaming countryside and regarded as one of the most popular visitor attractions in the central belt, offering a variety of activities. Other places of interest include M & Ds Theme Park and Chatelherault Country Park. The town also has a thriving main street with a wide variety of shops as well as a number of pubs, coffee shops and restaurants.
Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
Yes
Is this In administrative/receivership:
No
Is stock included:
Stock at valuation

Business Documents

Old Schoolhouse sales details April 24

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