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    Smithfield Hotel, Dounby, Orkney

    Offers Over £575,000

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    Property Calculators

    Mortgage

    Estimated Monthly Mortgage Payment:
    ÂŁ2,876 /mo.25 Years, 4.5% Interest
    Loan
    ÂŁ517,500
    Total Repay
    ÂŁ862,930

    Commercial Land & Buildings Transaction Tax (LBTT)

    You’ll have to pay the LBTT of:
    ÂŁ17,250
    0% up to ÂŁ150,000
    1% from ÂŁ150,000 to ÂŁ250,000
    5% from ÂŁ250,000 to ÂŁ575,000
    Your effective LBTT is 3%

    If you would like to discuss your mortgage options or get some practical advice, please use the link below to make an enquiry.

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    Watergate
    Kirkwall
    Orkney
    KW15 1PD

    T: 01856 876377
    E: info@kallanproperties.co.uk

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    Smithfield Hotel, Dounby, Orkney

    Offers Over £575,000

    Hotel
    10 Bedrooms

    Key Information

    Tenure:Not available
    Council tax band:Not available

    Key Features

    SUCCESSFUL HOTEL
    COMMERCIAL SALE
    FOR SALE AS A GOING CONCERN
    WELL MAINTAINED PROPERTY
    LARGE, SUCCESSFUL RESTAURANT
    WELL STOCKED BAR
    OPPORTUNITY TO RE-OPEN CAFE AREA
    INTERESTED PARTIES CONTACT K ALLAN PROPERTIES

    Description

    K Allan Properties are delighted to present The Smithfield Hotel to the open market as a going concern. The Smithfield Hotel is positioned in the village of Dounby, on the West Mainland of Orkney, and is a short drive from the main local amenities and travel links in Kirkwall and Stromness. The current owners have been operating the business since 2011, and have built up an amazing reputation.

    The hotel has 9 well-appointed rooms - 8 double/twin rooms with en-suite and 1 single room with an external private shower room. There is a further room, which is currently used as owner accommodation, but has the potential to be used as a 10th guest room. The hotel also has a public bar, restaurant and a café area. The café has been successfully run over the years, however this was closed when one of the directors partially retired earlier this year. There is off-road parking available to the rear of the property.

    The hotel is located close to some of Orkney's best known Neolithic sights, such as Skara Brae and the Ring of Brodgar, and has been a popular pit stop for tourists, with bus tours carrying cruise ship passengers booking for lunches throughout the summer.

    LOCATION
    The hotel is situated in the village of Dounby, on the West Mainland of Orkney. Orkney is located 10 miles north of the Caithness coast and the Scottish mainland and is home to a population of approximately 22,000.
    The Smithfield Hotel is situated 17 miles north west of Kirkwall airport, and a 15 minute drive from the main towns of Kirkwall and Stromness. Loganair provide regular flight services to the mainland to include Aberdeen, Glasgow, Edinburgh and Inverness airports. A ferry service is available from Kirkwall to Lerwick in Shetland and to Aberdeen on the mainland, with a further port provided at Stromness linking to Thurso on the north mainland. There is also anther ferry from Gills Bay - St Margaret's Hope.

    ACCOUNTS
    Trading information is available to interested parties upon request with a formal note of interest from legal representation.

    GUIDE PRICE
    Offers are invited over £575,000

    LICENCES
    We understand that the hotel benefits from all the necessary licences for the conduct of the business.

    VIEWINGS
    Strictly by appointment with K Allan Properties. Prior to making an appointment to view we strongly recommend that you discuss any points which are likely to affect your interest in the property with a member of staff who has seen the property in order that you do not make a wasted journey.

    DIRECTIONS
    Traveling on the main Kirkwall - Stromness A965 road, turn off on the A986 Harray, and follow all the way to the village of Dounby. The Smithfield Hotel is positioned at the crossroads.

    CONTACTS
    For more information on this exciting opportunity contact:
    Karen Allan
    info@kallanproperties.co.uk
    +44 (0) 1856 876377

    OFFERS TO
    K Allan Properties
    Watergate
    Kirkwall
    KW15 1PD
    info@kallanproperties.co.uk

    DISCLAIMER
    Whilst we endeavour to make these particulars accurate, they do not offer/form any part of a contract on offer and are not guaranteed. Measurements are approximate. We have not tested electricity, gas or water services or any appliances. Photographs may have been taken with a wide angle lens.