Description

General Location

The Crowwood Hotel is situated within an accessible location, just on the A80 Cumbernauld Road, between the residential settlements of Stepps and Chryston. The premises have easy access onto the main M80 motorway which, thereafter, provides a fast link to the M8 and M73 / M74 motorway networks. The catchment population, therefore, within 30 minutes’ drive time is estimated at least 1,000,000 persons.

Specific Location

Specifically, the Crowwood Hotel is situated in a visible and prominent position. The premises benefit from an attractive and scenic setting, particularly to the rear, as the premises overlook the Crowwood Golf Club. In addition, the premises are within easy walking distances from the residential settlements of Chryston, Stepps, Cardowan and Moodiesburn. The specific location, therefore, is excellent to generate local repeat trade from the surrounding residential areas, together with, accommodation and venue / licensed business given its close proximity to the motorway networks and Glasgow.

Description

The premises are arranged within an attractive original two storey stone constructed building, which has been substantially extended over the years. In addition, the premises also benefit from two more modern two storey bedroom wings to the rear.

There is a substantial car park situated to the side. This is a substantial site with extensive car parking for guests. In addition, there is a high degree of inherent value given the large site (1.27 acres) and potential development options either as residential, commercial (retail parade), nursing home or other (subject to consents).

Accommodation

The accommodation is as follows:

GROUND FLOOR

Hotel reception, main bar / restaurant (40 covers), conservatory restaurant (50), meeting room (25), customer toilets, fully fitted commercial kitchen and ancillary accommodation.

FIRST FLOOR

Large and attractive function suite with a capacity for approximately 200 persons. The function suite has an external balcony with scenic views over the golf course to the rear and its own bar servery. There are separate ladies and gents customer toilets, a holding kitchen (with commercial extraction) and a variety of stores.

LETTING ACCOMMODATION

The letting accommodation is mainly arranged within two twostorey wings situated to the rear. In total there are 42 letting bedrooms. There are 41 double / twin en suite rooms and 1 bridal suite. All rooms are a good size and are en suite.

EXTERNAL

Large car park for approximately 100 cars, overspill car park to the rear and attractive gardens to the side, all set within a large site extending to approximately 1.27 acres.

Premises Licence

There is a premises licence is in place. The premises licence will be transferred to a new owner.

Rateable Value

The premises are entered in the valuation roll at a rateable value of £96,000 (effective from 1st April 2017). A new occupier will have the right to appeal the rateable value.

Services

We understand that the premises are connected to all main services including water, gas and electricity.

Background & Trading Profile

The Crowwood Hotel was originally purchased by Beezer Properties Limited in March 2008, at a reported price of £2.76 million. Historically, the business generated total sales in the region of £1 million net of VAT.

Over the course of the last three to four years, however, trading difficulties for Beezer Properties Limited may have led to a lack of capital expenditure on the main property assets.Notwithstanding this, sales continue to be relatively strong. Total yearly sales are estimated at approximately £800,000 to £850,000 net of VAT.

In our opinion, a prospective purchaser could undertake a refurbishment of the letting bedrooms as well as upgrading the main trading areas which will be of significant benefit to the business, increasing overall sales and profitability.

This is a fantastic opportunity for a purchaser to acquire a hotel within minutes of the main motorway networks, providing a fast link to the main population base of Central Scotland. With investment, the Crowwood House Hotel could easily be re-established as one of the best function and licensed businesses in the area.

Historic Accounts & Other Information

We have limited accounting information as well as other information which will be made available to prospective purchasers. Please note that, the joint administrators will not warrant or certify any information provided.

Price

 The premises have been priced at offers over £995,000 for the benefit of the heritable interest, fixtures and fittings and current trade. This is a substantial discount to the historic value / price in March 2008 at £2.76 million.

EPC Rating

The premises have an EPC rating of G. A copy of the EPC will be provided to interested parties.

Viewing & Further Information

Please contact the Glasgow office on 0141 331 0650.

Floor Plans

There are no property floorplans available

Dataroom

There are no property datarooms available