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£825,000

Cassillis Street, KA7

  • 10 beds
Other

£825,000

  • 10 beds
Other
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Estimate monthly mortgage payment:

£3,766 per month

Minimum deposit amount:

£41,250
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The Arrandale Hotel in Ayr presents a rare investment opportunity in the heart of this popular Scottish seaside resort. This charming 3-star establishment, nestled on a quiet residential street in the oldest part of town, offers the perfect blend of tranquillity and convenience. With its prime location just a two-minute stroll from Ayr's sandy beach and town centre, the hotel is ideally situated for both leisure and business travellers. The property features 10 well-appointed rooms, including 9 en-suite and one single room with a private bathroom, all individually decorated to ensure a unique and comfortable stay for guests.

The hotel's ground floor boasts a welcoming reception area, a spacious dining room that can accommodate 20 covers, and a versatile guest lounge complete with a bar, fireplace, and ample seating. A large, well-equipped commercial kitchen and utility area support the hotel's operations. The Arrandale Hotel retains many original features, including ornate cornicing, which adds character and charm throughout the building. Recent upgrades, such as a modernised fire alarm system, demonstrate the current owners' commitment to guest safety and property maintenance.

Currently operating on a bed and breakfast basis, the Arrandale Hotel offers significant potential for expansion. Previously, the hotel was exceptionally busy with functions, and its restaurant and bar were open to non-residents for lunch and evening meals. The property's alcohol license and prime location near local attractions provide a solid foundation for growth in Ayr's thriving tourism market. New owners could consider reopening the restaurant for regular service, expanding the events and functions offerings, and potentially developing partnerships with local attractions to create package deals for tourists.

Ayr itself is a popular tourist destination, offering visitors a range of attractions including a charming seafront, art galleries, the famous Ayr Racecourse, leafy suburbs, and excellent golfing facilities. The town's proximity to Glasgow, just 37 miles northeast, makes it easily accessible for domestic and international travellers. With 18 years of family ownership and a strong base of repeat customers, the Arrandale Hotel has established a loyal clientele. The business is currently run by the owner with the assistance of three part-time staff members, providing a solid operational foundation for new ownership.

This listing presents a unique opportunity to acquire a characterful property with established clientele and substantial growth potential in Ayr's vibrant hospitality sector. The Arrandale Hotel's prime location, coupled with its blend of traditional elegance and modern comfort, makes it an attractive investment for discerning buyers seeking to enter or expand their presence in the Scottish tourism market.

Trading Information
Trading information will be released after formal viewing has taken place.

Tenure
Scottish equivalent of freehold.

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£3,766 per month
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Stamp Duty tax
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£28,750
Mortgage and legal costs:
£999
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