200 King Street, Castle Douglas, DG7 1DB

Extensive Corner Hotel, Bar, Restaurant & Function Suites with Private Parking
Potential For Sub Division for Variety of Uses
Excellent Condition
Fantastic Ready Made Operator Opportunity
Free of Tie
£30,XXXer annum

Location
Castle Douglas is a town of around 4,200 persons approximately 18 miles south west from Dumfries in rural Dumfries and Galloway and benefits from an expanding tourist industry, tourists being attracted into the area because of the easy access to the Solway Coast and the Galloway hills. It lies west of the town of Dalbeattie (6 miles) and east of Gatehouse of Fleet (14 miles). The hotel is situated at the corner of King Street and St Andrew Street opposite the clock tower in a secondary trading location in Castle Douglas town centre.

Subjects
The Douglas Arms Hotel is understood to be over 200 years old and a former coaching inn. It comprises a substantial and extended corner 2 storey painted stone property under pitched and slated roof, the hotel being laid out to offer 23 upper floor bedrooms (only 11 in use) and large ground floor, sectioned to provide corner restaurant (with side lounge), and public bar (accessed from St Andrews Street). There are two meeting/small function rooms, and a large 80 cover rear function suite (Stewart Room) situated to the rear of reception desk. There is a private 3 apartment managers flat on the first floor. At the rear is a detached 2 storey red brick building which is not being used due to suffering fire damage around 2006. Next to this is a sheltered, walled external seating/drinking area. Attached to the red brick building is a steel framed industrial styled canopied roof over approximately 15 car parking spaces, accessed via a pend off King Street or from the rear from Cotton Street.

Development
The subjects may lend themselves for re-development with a variety of office, retail and restaurant use at ground floor with residential dwellings at first floor (subject to planning) The subjects benefit from 3 no. individual units within the car park to the rear which may lend themselves to a variety of uses.

NAV/RV
The subjects have been assessed and entered onto the valuation roll with the following NAV/RV

£35,000

Proposal

The subjects are available on a leasehold basis for £30,XXX.a.x. Our client would consider disposing of their freehold interest, further information available on request.

V.A.T.

All prices and premiums quoted are exclusive of V.A.T

E.P.C.

Available on request