Trade Investment Opportunity, Taylors Hotel, 68-78 Byres Road, Kilwinning, KA13 6JU

The subjects comprise a substantial detached hotel building formed over three levels with the original part of the structure built in stone and slate although with substantial more recent extensions added to the gable and rear, the property also benefits from a large private car park.
The accommodation includes the following:

Ground Floor

• Reception
• Lounge Bar
• Restaurant
• Function Suite
• Kitchen
• Store Rooms
• Wc Facilities

First Floor

• 10 Letting Bedrooms
• Meeting Room
• Two Staff Rooms
• Office

Lower Ground Floor

• Nightclub
• Ancillary Store Rooms
• Wc Facilities

Location

The subjects lie within the town of Kilwinning which lies in the North Ayrshire Council area immediately east of the A78 Ayr-Greenock trunk route and a short distance north of Irvine. Kilwinning has a population of around 16,000 and the town centre enjoys a reasonable range of services and facilities. Taylors Hotel is located in an edge of town location immediately adjacent to the local railway station.

Accommodation

The site area is approximately 0.22 hectares (0.54 acres),

Terms

Lease Terms
The subjects are let to Taylors Hotel (Scotland) Ltd on a full repairing and insuring lease for a period of 10 years from 6th November 2008 at a current passing rental of £104,000 per annum.
Offers
Offers over £400,000 are invited reflecting a net initial yield of 24.8% after purchaser’s costs of 4.75%.
Costs
Each party will be responsible for their own legal costs.
Value Added Tax
All prices, rents and premiums, where quoted, are exclusive of VAT. Prospective purchasers/lessees are advised to satisfy themselves independently as to the incidence of Value Added Tax in respect of this transaction.

Specification

• Prominent town centre building on large site
• Includes bar, restaurant, function suite and nightclub
• Ten letting bedrooms
• Over 6 years remaining on lease
• Rental £104,000 per annum
• Offers over £400,000 invited