FOR SALE
11/07/23
516466
ESA3089 / Rightbiz
Licensed Hotel with four en-suite bedroom
Three bedroomed owner’s accommodation
Recently refurbished
Easily managed lifestyle hotel business
Offers over £340,000
Rental available on request
Location
The hotel is situated on South Main Street within the village of Wigtown surrounding properties are predominantly commercial in nature including a Co-operative Convenience Store, Bookshop, Café/Bookshop and the Galloway Bar.
Main Street and South Main Street are the main access routes through the village. Wigtown lies around seven miles to the south of Newton Stewart and thirty miles to the east of Stranraer, within the Dumfries and Galloway region of southwest Scotland.
Wigtown is designated as Scotland’s official “book town“ and contains many specialist book shops which are focused predominantly around the village centre, The book town status enhances the attraction of Wigtown as a tourist destination and as a consequence, the local population expands significantly during the summer trading months.
Description
The premises recently completed an extensive refurbishment. Including new plumbing, central heating, insulation, wiring, fire alarm system and data installation. No expense has been spared. These works have bought the historic inn up to modern standards in comfort and efficiency. A renovation
schedule is available on request.
The hotel comprises a part two storey and part three storey property. The main building is of traditional stone construction with a painted and smooth rendered/painted finish to the front and mostly rendered to the rear. The original section of the property is surmounted by a pitched and slated roof incorporating dormer projections.
The hotel has been extended to the rear, the extension sections are part single and part two storey in nature and are of a more traditional brick work construction beneath a pitched and flat roof.
Internally the ground floor of the hotel provides a lounge bar area, dining room, kitchen, ancillary storage areas, and patron toilets.
The main letting accommodation is situated at first floor with a double/twin en-suite room situated to the front of the property with the main building and three additional double/twin en-suite letting bedrooms contained within the first floor.
Additionally there is owners accommodation situated at first and attic floor providing lounge/kitchen/diner plus separate bathroom and shower room, the attic floor provides three bedrooms. This accommodation could also be used as a three bed self-contained holiday flat.
Business
The hotel has been operating under a lease which is no longer in place. Prior to the lease taking effect the owner refurbished the property to a high standard.
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
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