FOR SALE
30/06/23
515956
Old Schoolhouse Hotel / Rightbiz
The Old Schoolhouse Hotel
59 Swinhill Road
Larkhall
Lanarkshire
ML9 2TX
· Established family-owned hotel & restaurant.
· Presented to a high standard throughout.
· 9 e/s rms, bar and restaurant (60)
· Fully fitted coffee shop (currently closed)
· Additional 1 bedroom bungalow (letting)
· 3-bedroom detached owners’ cottage
· External bar & beer garden- ample private parking
· Easily accessed from Jct 8 on the M74
The business has built up an excellent reputation within the surrounding area benefitting from high levels of repeat and local trade. Run very much to suit our clients’ requirements and whilst trades well, it still offers scope for a new owner to increase and develop further, should they wish.
Listed highly on booking sites with a 4.5 star rating on TripAdvisor, a lot of the business is driven through these sites as well as their own website, giving a steady of commercial trade due to the proximity to the M74.
The hotel restaurant is open all week mainly for guests that are staying. The main restaurant trade is Friday to Sunday with the restaurant having an excellent name for its freshly prepared dishes and the welcoming atmosphere in the bar. It is also very popular locally during the warmer months due to the extensive external facilities.
The sale of the Old Schoolhouse Hotel offers an excellent business opportunity for a discerning purchaser looking to get into this market or equally would be ideal for a chef operator looking to develop their own name within a busy location close to the Clyde Valley.
A viewing of this property is strongly advised to fully appreciate the extent of what is for sale, especially with the additional properties, opportunities and land that could be developed further.
Situation
The Old Schoolhouse Hotel benefits from a prominent roadside trading position on the busy A71. Situated on Swinhill Road at the edge of Larkhall in South Lanarkshire and sits just off junction 8 on the M74.
Larkhall itself, is a popular commuter village on the outskirts of Hamilton, with excellent transport links via the M74 motorway, and approximately 18 miles southeast of Glasgow City Centre. The town in also served by a local Railway Station.
Larkhall sits on the edge of the scenic and popular Clyde Valley and has a population of approximately 15,000 people.
The area has excellent schooling, shopping facilities and sports amenities including golf courses, swimming baths, gym facilities and football parks. With the iconic Strathclyde Country Park close by, which is set within roaming countryside and regarded as one of the most popular visitor attractions in the central belt, offering a variety of activities. Other places of interest include M & Ds Theme Park and Chatelherault Country Park. The town also has a thriving main street with a wide variety of shops as well as a number of pubs, coffee shops and restaurants.
The Property
The property was purchased by our clients in 2018 and since this time have spent a lot of time and effort re vamping the business and reconfiguring the layout. The main part of the building was developed into a restaurant and bar with the existing 8 rms (5 e/s) were turned into 9 e/s letting rooms.
The property is of a stone construction, with an archway leading to the rear, split over ground and first floor under a pitched roof with extensive private car parking which is predominately monobloc. Internally and externally the property is very well presented with a prominent roadside location.
Internal Details
Lounge Bar/Conservatory
Well presented space, accessed directly to the rear of the property and from within the main building. This comfortable space offers comfortable seating and dining within the conservatory, surrounded by decking and enclosed beer garden to the side.
Designed to a fresh modern style with wooden flooring and feature brushed copper style bar servery, flat screen TVs and a log burning stove in the corner.
Restaurant
Following the modern bright design, the restaurant/dining area flows through from the lounge bar and is also accessed from the front of the property. Offering covers for approximately 60 with wooden flooring and freestanding tables and chairs, within pleasant surroundings.
Coffee Shop
Located to the right had side of the building with separate access, this side of the business can be run completely independently from the main hotel. Currently closed since covid due to our clients concentrating on the core operation. Very well fitted throughout to a bright modern standard with fully fitted counter area, kitchen and ample storage.
This is an excellent opportunity to grow the trade under the owner operator or to look at the possibility of leasing it out as a small investment.
It has been considered, subject to planning, to convert this space into 3 additional e/s letting rooms.
Letting Accommodation
The property currently trades with 9 e/s letting bedrooms within the main building, which are all fitted to a bright exacting standard.
Tarriffs range from:
Midweek- £92 (2 people sharing), £82 single occupancy and Weekends-£102, £92 single occupancy.
Breakfast is not included, although a continental breakfast can be provided upon request.
The bookings come through Booking.com., the Expedia Group and their own booking system on the website, benefitting from strong repeat trade with an increasing direct trade.
Self-Catering Cottage
To the rear of the property is a small studio bungalow which comprises 1 double bedroom, en suite bathroom, fitted kitchen and spacious living room area. Private parking to the front.
Tariffs range from £135 per night.
Owners Cottage
Located within the rear car park and enclosed with its own private garden/decking area is a large spacious detached cottage which comprises 3 bedrooms (1 with toilet and WC), large living room with feature fire and patio doors to the garden, well fitted dining kitchen, large shower room and toilet, and utility/storage. The cottage is well presented throughout.
The owners do not currently stay on site.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get SolicitorThe data showed regarding this advert 'Well established Lanarkshire hotel with roadside location & extensive grounds incl. a 3 bed cottage - Old Schoolhouse Hotel / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.