A Scottish hotel at a prime site in a famous seaside town has been brought to market for sale.
CCL Property is handling the sale of the Berkeley Hotel which it described as a "distinguished property" in Ayrshire.
The agent said: "Priced at £850,000, this rare investment opportunity offers a prime location near the town centre, making it an exceptional prospect for investors seeking to enter or expand within the hospitality industry."
CCL Property added: "The Berkeley Hotel is ideally situated near Ayr's town centre, providing high visibility and accessibility for both leisure and business travellers.
"The property includes extensive grounds with a large, enclosed garden capable of hosting events for up to 100 guests."
Currently featuring five income-generating serviced accommodation rooms, the hotel has the potential to expand to 13 letting rooms.
Additional development opportunities include a sizable bar, dining area, and a private function suite, the agent said.
The property also has a substantial car park, laundry facilities, storage areas, and a restorable private garden. The agent said: "The Berkeley Hotel represents a significant opportunity for investors to rejuvenate a historic property and leverage its past success to establish a premier hospitality venue in Ayr.
"The combination of its strategic location, development potential, and existing amenities makes it an attractive project for those looking to make a mark in the hospitality sector.
"To truly appreciate the potential of The Berkeley Hotel, viewing is essential. Interested parties are encouraged to contact CCL Property to arrange a viewing and explore this exceptional investment opportunity."
Inflation returns to 2 per cent target for first time in nearly three years
Inflation has returned to the 2% target for the first time in almost three years in what comes at a critical time, just weeks before the nation heads to the polls.
The Office for National Statistics (ONS) said Consumer Prices Index (CPI) inflation fell to 2% in May, down from 2.3% in April. It follows nearly three years of above-target inflation, with CPI last recorded at 2% in July 2021, before shooting higher amid the cost-of-living crisis.
'Beautiful' pharmacy in Scottish town sold to 'hard-working' first-time buyer
A “beautiful” pharmacy in a historic Scottish town has been sold to a first-time buyer from Glasgow for an undisclosed sum.
Inveraray Pharmacy has been purchased by Murtaza Syed. It had been owned by small group operator Sanjay Majhu of Majhu & Majhu Ltd since October 2016, selling agent Christie & Co noted.
The agent said the pharmacy, which dispenses an average of 1,700 items per month via a 16-hour dispensary contract, had been brought to market to allow Mr Majhu “to focus on his pharmacies in the central belt area”.
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