Barns Street, Ayr, KA7 1XB
Offers Over £695,000
Key Information
Key Features
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
Arrange Viewing
Property Calculators
Mortgage
Commercial Land & Buildings Transaction Tax (LBTT)
Register for Property Alerts
Register for Property Alerts
We tailor every marketing campaign to a customer’s requirements and we have access to quality marketing tools such as professional photography, video walk-throughs, drone video footage, distinctive floorplans which brings a property to life, right off of the screen.