20 September 2023: Wednesday 20 September 2023 - 9:00am
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    Key features

    • High Yielding Hotel Investment
    • New Seven Year Lease, with Options to Extend to 25 Years
    • Producing £50,000 per annum
    • Fixed Rental Uplifts
    • Popular Tourist Destination
    • Large Site of 1.36 Acres
    • Mountain Views
    • 15.15% GIY on Guide Price
    • No VAT

    Description

    The property comprises a hotel/guesthouse situated on a main road in the heart of the Loch Lomond & The Trossachs National Park. The focal point of the property is arranged as a traditional cottage and includes a Lounge/Bar, Restaurant and Kitchen as well as toilets and an outdoor seating area with mountain views.

    The tenants have completed their fit-out which included refurbishment of the rooms and common areas, all rents are paid up to date. The opening under the new tenants has been received well by customers, with the property enjoying a 7.8 rating on Booking.com from 72 reviews.

    Within the grounds, there are 11 chalets, each containing an en-suite room. There is also a cabin and four static caravans.

    The property includes a large car park which was frequently used by motorhomes. Pub-stays are a commonly used alternative to camp sites in the growing "staycation" market and can provide additional clientele for the hotel restaurant and bar.

    Additional information

    Tenure

    Freehold

    Tenancy

    The property is let on a new seven year lease and paying a current rent of £50,000 per annum.

    The tenants have completed their fit-out and are currently trading from the property, all rents are paid up to date.

    The lease includes opportunities to extend by seven years, these include fixed rental uplifts as follows:

    Years 1-7: £50,000 per annum

    Years 7-14: £60,000 per annum

    Years 14-21: £70,000 per annum

    Years 21-25:£80,000 per annum

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      All viewings at this property have now taken place prior to the auction. For further information on the property please download the legal pack or email the property contact.

      Savills are not holding any viewings for this property. For further information please download the legal pack or email the relevant Savills Contact directly.

      Viewings are in the process of being finalised and will be online shortly, please click here for a notification when they go online.

      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      The property is located in Crianlarich, a village positioned at the junction of two key tourist routes within the Loch Lomond & The Trossachs National Park. The village is popular with tourists and hotels/guesthouses are often used as a base for walkers or as a stopping point for motorhome tourists.

      Crianlarich is approximately 10 miles from the northern shore of Loch Lomond and is also close to other tourist hotspots such as Falls of Falloch and Loch Tay.

      Ben More Lodge takes its name from Ben More, a nearby mountain which is a popular climbing/hiking destination due to its distinctive pyramid shaped peak.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

      Addendums