Berkeley Hotel 1 Barns St

5 Room Hotel Ayr KA7 1XB £850,000 (£170,000/Room)

INVESTMENT HIGHLIGHTS

  • Partially refurbished hotel opportunity
  • Restaurant & Bar
  • Large private garden
  • Potential for 13 Letting Room
  • Impressive period building

EXECUTIVE SUMMARY

The Berkeley Hotel encapsulates a prime investment opportunity within the hospitality sector, combining strategic location, excellent connectivity, and substantial growth potential. Positioned close to the heart of Ayr town centre, the hotel enjoys high visibility and accessibility, making it attractive to both leisure and business travelers. Despite currently not being operational due to the previous owners' health issues, the property has a strong foundation for revitalization, with five rooms already generating income through serviced accommodation for professionals. The hotel sits on extensive grounds featuring a large, enclosed garden, ideal for events and functions, with the capacity to cater to up to 100 people. Partial refurbishments have been made, with potential for expansion to 13 letting rooms, a sizable bar, dining area, and a private function suite. The property also includes a large car park, laundry room, storage facilities, and a private garden that can be restored to its former glory. This combination of features makes The Berkeley Hotel a compelling project for investors looking to capitalize on its previous success and unlock its full potential as a leading hospitality establishment in Ayr.

ATTACHMENTS

Brochure

PROPERTY FACTS

Price £850,000
Price Per Room £170,000
Sale Type Investment
Sale Condition Business Value Included
Tenure Freehold
Property Type Hospitality
Property Subtype
Hotel
Building Class B
Lot Size 0.34 AC
Building Size 3,450 SF
No. Rooms 5
Number of Floors 3
Year Built 1803
Parking Ratio 4.35/1,000 SF

AMENITIES

  • Restaurant
  • Boutique/Lifestyle Hotel

ABOUT 1 BARNS ST , AYR, SAY KA7 1XB

The Berkeley Hotel features a grand entrance leading into a spacious reception hall. Directly ahead is the main bar and dining room, an L-shaped area with wooden flooring, designed for flexible use either as a bar and dining space or as a function suite. At the back, there are restrooms and access to a patio hall. Adjacent to the main hall is a private dining room/function room, previously used for breakfast and buffet setups. This room includes male, female, and disabled toilet facilities and an adjacent storeroom. The kitchen, equipped for full service, is situated at the rear of the property. A grand staircase in the front hall leads to the first-floor landing. This floor houses two double bedrooms with ensuite bathrooms facing Barn Street. Another double bedroom at the rear is currently being upgraded to include a luxury ensuite. The first floor also includes a spacious, light-filled drawing room, suitable for various uses or conversion into an additional luxurious letting room. There is also a family suite on this floor, consisting of two bedrooms and an ensuite bathroom. The potential for expansion exists on the second floor, where six additional ensuite letting rooms can be developed. This floor is partially completed and ready for final fittings. At the rear, accessed from the car park, is a two-story annex. External stairs lead to a first-floor lobby, which accesses two double ensuite letting rooms with kitchenettes. The ground floor houses the owner’s living quarters, complete with a kitchen, dining area, living area, and a double bedroom with an ensuite bathroom. The Berkeley Hotel is a project in progress, with five rooms currently let on a room-only basis. The bar, restaurant, and function room have been out of operation for several years but can be quickly brought back to full functionality, meeting evident market demand.

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 5 £114.00 -
  • Listing ID: 32157330

  • Date on Market: 17/06/2024

  • Last Updated:

  • Address: 1 Barns St, Ayr KA7 1XB