Advert Details Deceptively Spacious Very Smart Throughout Good Class Hotel For Sale Seller ref: G62112 Advert ID: 861674 Isle of Islay, Strathclyde, United Kingdom Financials Asking price: £795,000 Sales revenue: £612,433 Net profit: £97,513 Business description LOCHSIDE HOTEL Bowmore, Isle of Islay Deceptively spacious and very smart throughout good class community “all comers” hotel Enjoys lovely outlook across small harbour and broad tidal inlet. At the heart of the busy island whisky distilling and tourist community £97,513 profits on rising turnover £612,433 (net) - and already 15% up Offers Over £795,000 The Isle of Islay is both the largest and the most southerly of the inner hebridean islands, and in recognition of its importance the island has a regular all round twice daily ferry service from the mainland. With a prosperity based upon the whisky industry it is hardly surprising that the Lochside Hotel, in the centre of Bowmore, is now reaping enormous benefits from the constant stream of visitors, complemented and boosted by tourists and private visitors coming for the wildlife, sporting and overall appeal of this highly accessible and popular island. The Lochside Hotel, as its names suggests, backs on to the shore of Loch Indaal and overlooks the quaint and sheltered harbour with fishing and pleasure boats. If ever there was a need to demonstrate the value and success of a major refurbishment, one need look no further than the Lochside Hotel. Over the past few years a steady investment in upgrading and extension has achieved at the Lochside Hotel the almost perfect (and sometimes ellusive) balance between efficiency and effectiveness, and providing the precise facilities needed by the particular environment in which the hotel is located. Every inch of the property is put to good commercial use without ever feeling cramped or crowded. The present owners purchased the Lochside Hotel in 2003 having been residents on Islay for many years. They immediately set about a full programme of upgrading and extension, and the hotel, in its present form, has been operating uninterrupted for at least the last 3 years. By setting out a good class “all comers” style of operation they have been able to capture a good proportion of local, commercial, tourist and transient business, and overall they enjoy very high occupancy and regular trade throughout the year. However, retirement is now approaching and it is appropriate that they look for successors. New owners will find at the Lochside Hotel a highly effective successful and profitable business, and one which will respond easily to new initiatives and ideas. THE PROPERTY The Lochside Hotel is made up of 2 adjacent terraced properties, integrated very many years ago. The original property is of rendered and colour washed finish under a slate roof and to the rear are extensions of modern construction generally in good decorative order throughout the property comprises. PUBLIC AREAS The main entrance into the Lochside Hotel opens into a neat and attractive Reception Hall; together with a hotel office. To the right to the main Whisky Bar with attractive malt whisky displays, fitted and portable seats and tables etc. Towards the rear is the smart open plan seating and dining area centred upon the Conservatory with picture windows overlooking the loch and harbour, and integrating with the Dining room/Breakfast room. In all there are approximately 60 covers. Alongside, and with back to back servery is “Duffies” public bar with attractive wooden finish and whisky making features and memobarelia. LETTING BEDROOMS 10 letting bedrooms to sleep 22 (7 doubles/twins, 2 singles, 1 family). All bedrooms have en suite facilities of either bath/w.c. or shower and w.c., and they have all been recently redecorated and refurnished and include colour TV, hospitality trays etc. OWNERS ACCOMMODATION An attractive feature of the Lochside Hotel is the neat private flat arranged on the upper floor comprising Livingroom, Hall, Kitchen, Double Bedroom, Bathroom. SERVICE AREAS To the rear of the hotel are modern and well equipped kitchens with storage and preparation areas. Laundry, Cellar. OUTSIDE French doors open onto an outside terrace overlooking the harbour and bay. SERVICES Local Authority - Argyll and Bute Council, Lochgilphead Mains water, electricity, gas and drainage. LICENCE Full Hotel Licence and Regular Extensions Premises Licence applied for TRADE The Lochside Hotel is a busy year round good class licensed business, enjoying plenty of demand in rooms, food and beverage sales. Certified accounts for y/e 5 April 2009 show £97,513 profit on turnover £612,433 (net of VAT) and in the coming year trade is showing growth of 15%. The hotel operates throughout the year and attracts a constant flow of both commercial and private visitors who come to the island to visit the distilleries and explore the historic and cultural features of Islay, leading to high margin and free spending activity through the hotel. PRICE Offers over £795,000 for the freehold (heritable feuhold) property complete with goodwill and trade contents (according to inventory) but excluding personal items. Stock at valuation. OFFERS All offers should be submitted to Colliers Robert Barry with whom purchasers should register interest if they wish to be informed of closing dates. FINANCE Colliers Robert Barry is able to assist prospective purchasers by introducing sources of finance if required. Whilst we do not charge the buyer for this service, we may receive an introductory commission from the lender or broker involved. TO VIEW All appointments to view MUST be made through the vendors' agents who are acting with sole selling rights. DIRECTIONS Regular ferry and air services connect with Islay. Full details of which can be found on: Caledonian MacBrayne The ferry departs from Kennacraig approximately 5 miles south of Tarbert, and 100 miles from Glasgow. The Lochside Hotel is in the centre of Bowmore on the main road leading towards the north side of the town. To find a professional adviser, click here The Times / Sunday Times / TimesOnline is not able to review or vet any of the opportunities or services offered on these pages. We recommend that, where appropriate, legal advice should be taken, and, in particular, any monies should be held by your solicitor, until any relevant transactions are carried out to your full satisfaction.