Argyll and Bute, Argyll and Bute
- Price: £120,000
- Tenure: Freehold
- Business type: Hotel
Glendaruel Hotel is a former seventeenth century coaching inn with accommodation over ground, first floor and attic level.
The property has remained closed for several years with basic remedial works commenced by owners to upgrade the internal condition especially on the first floor. Prospective purchasers will find a hotel property which has been completely stripped back to bare. It should also be noted that prospective purchasers will require significant finance and development costs to allow the property to begin trading.
Situated in the grounds at the north side of the property is a one bedroomed detached cottage with small kitchen area and bathroom. This requires significant capital development.
The availability of the Glendaruel Hotel represents an opportunity to acquire a partially fitted hotel property situated in one of the most scenic and attractive parts of rural Scotland. The business would benefit from reverting back to a full service hotel to serve the village and outlying community as well as the many tourists who are attracted to this part of Scotland all year round. This area of Scotland benefits from growing numbers of tourists attracted by Argyll’s secret coast, the Cowal Way and by the plentiful and unspoilt beauty of the lochs and glens around.
The property would also lend itself well to holiday lets.
Prospective purchasers should be fully aware that significant capital expenditure is required on the property almost immediately.