FOR SALE BY ONLINE AUCTION WEDNESDAY 29TH OF JANUARY 2025 9AM ***A GREAT OPPORTUNITY TO ACQUIRE A HIGH YIELDING HOTEL INVESTMENT SITUATED AT THE GATEWAY TO THE HIGHLANDS*** Producing £50,000 per annum with options to extend the lease to 25 years***Fixed Rental Uplifts***Popular Tourist Destination***Large Site of 1.36 Acres ***Beautiful Mountain Views***No VAT***
- A GREAT CHANCE OF A NEW LIFE WITH A READY MADE MONEY MAKING INVESTMENT - The property comprises a hotel/guesthouse situated on a main road in the heart of the Loch Lomond & The Trossachs National Park***The focal point of the property is arranged as a traditional cottage and includes a Lounge/Bar, Restaurant and Kitchen as well as toilets and an outdoor seating area with mountain views.***
***MULTIPLE ACCOMODATION OPTIONS***Within the grounds, there are 11 chalets, each containing an en-suite room. There is also a cabin and four static caravans.***
***GREAT PARKING ACCESS***The property includes a large car park which was frequently used by motorhomes. Pub-stays are a commonly used alternative to camp sites in the growing "staycation" market and can provide additional clientele for the hotel restaurant and bar***
***The hotel possesses a prominent location with an ideal roadside frontage on a busy road, complimented by splendid, scenic views***
***Includes restaurant, traditional bar, kitchen and chalet-style cabins for accommodation. Outdoor seating available also.***
***Excellent opportunity for first-time buyers and experienced operators alike. This provides a substantial opportunity to acquire a hospitality business with potential for upgrade to an amazing investment. The property has incredible trading prospects and potential for growth for any new owner.***
***The property is let on a seven year lease and paying a current rent of £50,000 per annum. The lease includes opportunities for extension, these include fixed rental uplifts as follows:
Years 1-7: £50,000 per annum
Years 7-14: £60,000 per annum
Years 14-21: £70,000 per annum
Years 21-25:£80,000 per annum
PREVIOUS NEARBY SALES:
2 Arinabea Cottages, Tyndro,, Crianlarich, FK20 8SB - £346,500 (May'22)
Upper Station House , Tyndrum, Crianlarich, FK20 8RY - £312,370 (Nov'22)
***Crianlarich is a picturesque village situated at the junction of the A85 and A82, which provides easy access to Glasgow, Perth, Oban and Fort William - this makes Ben More Lodge Hotel a perfect location for trade across the West Highlands.***This area is supported by a steady flow of visitors year-round, including a large influx of visitors in the peak season.***Ben More Lodge Hotel is close to the West Highland Way, one of Scotland’s best known walks, which runs from Milngavie in the South to Fort William in the North, and is in the perfect position to offer a chance for an extended rest along the way.***The village is situated beneath several Munro peaks, including Ben More, Stob Binnein and Cruach Ardrain and has incredible scenery all around.***There are 50 Munros in the vicinity, providing a number of walking and climbing opportunities for outdoor enthusiasts***The wider region offers a great many activities from fishing to skiing, sailing to golf etc. Ben More Lodge Hotel is well positioned for guests wishing to walk to the nearby shop, pubs, restaurants etc. Crianlarich train station is conveniently located 0.5 miles away offering some of the most beautiful train journeys in Scotland plus the sleeper train to London***There is primary schooling in Crianlarich with secondary education in Callander (30 miles away)***
GUIDE PRICE - £310,000
To view legal documents relating to this property please visit our website.
Purchases are subject to a Buyer’s Premium. There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
***High Yielding Hotel Investment***
*** Options to extend lease to 25 Years***
***Producing £50,000 per annum***
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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