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62 High Street
Elgin, Moray
IV30 1BU
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Hudson House
8 Albany Street, Edinburgh
EH1 3QB
t: 0131 473 1192
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Technology House
9 Newton Place, Glasgow
G3 7PR
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Barns Street, Ayr, KA7 1XB

Offers Over £695,000Freehold

13133

Key Information

Tenure:Freehold
Council tax band:Not available

Key Features

Central location
Impressive period building
Large private garden
Partially refurbished hotel opportunity
Potential for 13 Letting Room
Restaurant & Bar

Description

The Berkeley Hotel in Ayr presents a significant investment opportunity in the hospitality industry, boasting a strategic location near the town center which enhances its visibility and accessibility for both leisure and business travelers. The property features extensive grounds with a large, enclosed garden suitable for hosting events for up to 100 people, and has undergone partial refurbishments. There is potential for further development, including expanding to 13 letting rooms, and adding a sizable bar, dining area, and a private function suite. Additional amenities include a substantial car park, laundry facilities, storage areas, and a restorable private garden. These attributes position The Berkeley Hotel as an attractive project for investors aiming to rejuvenate and leverage its past success to establish a premier hospitality venue in Ayr. Viewing essential to appreciate the opportunity this sales represents.

The Berkeley Hotel encapsulates a prime investment opportunity within the hospitality sector, combining strategic location, excellent connectivity, and substantial growth potential. Positioned close to the heart of Ayr town centre, the hotel enjoys high visibility and accessibility, making it attractive to both leisure and business travelers. Despite currently not being operational due to the previous owners' health issues, the property has a strong foundation for revitalization, with six / seven rooms ready to generate income through serviced accommodation for professionals. The hotel sits on extensive grounds featuring a large, enclosed garden, ideal for events and functions, with the capacity to cater to up to 100 people. Partial refurbishments have been made, with potential for expansion to 13 letting rooms, a sizable bar, dining area, and a private function suite. The property also includes a large car park, laundry room, storage facilities, and a private garden that can be restored to its former glory. This combination of features makes The Berkeley Hotel a compelling project for investors looking to capitalize on its previous success and unlock its full potential as a leading hospitality establishment in Ayr.

Rateable Value
Rateable Value of the property is ÂŁ21,000 per annum according to the Scottish Assessors website.

Trading Information
It is not being sold as a going concern and no trading information is available.

Tenure
Scottish equivalent of freehold

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ3,657 /mo.25 Years, 5% Interest
Loan
ÂŁ625,500
Total Repay
ÂŁ1,096,983

Commercial Land & Buildings Transaction Tax (LBTT)

You’ll have to pay the LBTT of:
ÂŁ23,250
0% up to ÂŁ150,000
1% between ÂŁ150,000 and ÂŁ250,000
5% above ÂŁ250,000
Your effective LBTT is 3.35%

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