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Berkeley House, 1 Barns Street, Ayr, KA7 1XB

£695,000

13133

Key Information

Tenure:Not available
Council tax band:Not available

Key Features

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

Description

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.

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Property Calculators

Mortgage

Estimated Monthly Mortgage Payment:
ÂŁ3,477 /mo.25 Years, 4.5% Interest
Loan
ÂŁ625,500
Total Repay
ÂŁ1,043,020

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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