Commercial property for sale in Crianlarich FK20

Strapline

Auction Sale - 03/09/2024

Hotel let on a seven year lease and paying £50,000 per annum with opportunities to extend to 25 years with fixed uplifts.

Close to Loch Lomond and situated on a key tourist route

Description

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.

Recent works have been carried out which included a brand new restaurant and bar refit, completed in July 2024. All rents are paid up to date. The opening under the new tenants has been received well by customers, with the property enjoying a 7.8 rating on from 72 reviews.

Within the grounds, there are 11 chalets, each containing an en-suite room. There is also a cabin and four static caravans.

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.

Location

The property is located in Crianlarich, a village positioned at the junction of two key tourist routes within the Loch Lomond & The Trossachs National Park. The village is popular with tourists and hotels/guesthouses are often used as a base for walkers or as a stopping point for motorhome tourists.

Crianlarich is approximately 10 miles from the northern shore of Loch Lomond and is also close to other tourist hotspots such as Falls of Falloch and Loch Tay.

Ben More Lodge takes its name from Ben More, a nearby mountain which is a popular climbing/hiking destination due to its distinctive pyramid shaped peak.

Tenancy

The property is let on a seven year lease and paying a current rent of £50,000 per annum.

The tenants have completed their fit-out and are currently trading from the property, all rents are paid up to date.

The lease includes opportunities to extend by seven years, 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