An excellent, fully fitted 22 bedroom hotel with high quality fixtures and fittings in a prominent location on a main thoroughfare. The hotel has an improving turnover with potential for significant business development.
( Agency Pilot Software ref: 11499 )
Location
The subject property enjoys an enviable main road, corner location facing onto the A736 (Crookston Road) at Crookston Avenue and close to the junction with the A761 (Glasgow Road/Paisley Road West) the main thoroughfare from the Glasgow city centre to the west. Crookston is a residential suburb on the south-western edge of the city of Glasgow, approximately 5 miles south-west of Glasgow City Centre. Glasgow is Scotland’s largest city and benefits from a residential population in the order of 630,000 with a further catchment in excess of 2 million. The city is widely recognised as the UK’s second retail centre after London
Accommodation
EXCELLENT HOTEL OPPORTUNITY WITH 22 LETTING ROOMS
Terms
LEGAL COSTS In the normal manner, each party will be responsible for their own costs incurred with the tenant being responsible for Land and Buildings Transactional Tax and registration dues.
VAT Unless otherwise stated, all prices, premiums and rents are quoted exclusive of Value Added Tax (VAT). Any intending purchaser or lessee must satisfy themselves independently as to the incidence of VAT in respect of any transaction
ANTI MOUNEY LAUNDERING The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 requires the agents acting on both sides of any qualifying transaction to undertake appropriate due diligence in relation to, and in advance of, any such transaction including identifying and verifying all relevant parties and establishing the source (s) and legitimacy of funding. Both parties will disclose all relevant information, prior to conclusion of missives/ exchange, required to enable the agents to meet their respective obligations under the Regulations
ENERGY PERFORMANCE CERTIFICATE (EPC) Available upon request.
RATEABLE VALUE The subjects are currently entered in the Assessor’s Valuation Roll as having an RV of £73,000. The current UBR (2021/2022) for properties with an RV over £51,000 is £0.53.
Specification
- Excellent location on main thoroughfare.
- Fully fitted 22 bedroom hotel with high quality fixtures and fittings.
- Comprehensively refurbished lounge bar.
- Improving turnover with potential for significant business development.
- Offers in the region of £1.2 M are invited for the outright ownership interest