Choices Investments are extremely happy to present a once in a lifetime investment opportunity.
Shieldhill Castle dates back to 1199 and was converted into a hotel in 1959. The current owner has run the hotel since 2011 and has won numerous awards including Wedding Venue of the Year Scotland in 2015 and Romantic and Castle Hotel of the year for the last three years.
Accommodation at Shieldhill Castle comprises of a 16 bedroom hotel incorporating a lounge bar, restaurant and other public areas, a 10 bedroom courtyard block and a 3 bedroom detached owners house. Further to this, the current owner has built two, two bedroom log cabins. The property is set within approximately five acres.
The current occupants are looking for a sale and lease back arrangement and Choices Investments have negotiated a 25 year fully repairing and insuring lease at £120,000 per annum with increases every five years in line with RPI.
The property was surveyed in December 2016 and valued at £1,500,000 as a going concern. A full copy of the valuation is available upon request.
Due to differences in the Scottish legal system, a Scottish solicitor is required for this transaction. For a full breakdown of the structure of this opportunity, please contact your advisor today.