Amazing opportunity to purchase a former hotel, bar and lounge in popular Ayrshire, town-centre spot.
Starting bid: £48,000.00
Item condition: New
Auction has not been started yet.
Start On: April 29, 2026 10:00 am
Ending On: April 29, 2026 2:00 pm
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Amazing opportunity for development in excellent location in the heart of the historic Ayrshire village of Newmilns.
Massive, FREEHOLD, 3-storey, 6 Bedroom hotel premises with bar, lounge and restaurant set on busy trunk road linking Edinburgh with Ayrshire. Priced for fast auction sale.
Excellent setting close to major Ayrshire attractions including Dean Castle, Royal Troon, Turnberry, Ayr Beach, Ayr Races and Kilmarnock Football Club.
The former Loudoun Arms Hotel is set over 3 levels and is offered with full vacant possession. The hotel would be likely to generate an impressive rental of up to £20,000- £25,000 per year- with property of this size regularly returning higher than this with established tenants.
The rental return would represent a staggering return on investment given the low asking price.
The property also offers potential for development with the option for residential conversion (subject to necessary consents).
The auctioneer understands that the property is serviced by 3 x gas meters, 3 x electricity meters and 3 x boilers making the potential for division of the property more straight-forward.
The lot also benefits from an impressive footprint with large area of land to the rear- opening up the option for beer garden or for an additional income stream- with the option for the increasingly popular self-storage facility (Subject to consents).
This option is made attractive by the location- easy access to Kilmarnock, M77 and M74 from the central location on the A71.
The property would benefit from a degree of upgrading but the asking price ensures an auction bargain for the savvy purchaser.
The current layout comprises bar and lounge with male and female W.Cs on ground floor.
3 x hotel rooms/ letting rooms on first floor with Shower Room, Bathroom and Kitchen on First Floor.
Second Floor is home to 3 x more rooms, Bathroom and Kitchen.
An option may be to open the bar on the ground floor with residential conversion or short-term rental rooms on 1st and second floors generating an income of up to £450 per night or £3,150 per week based on £75 per room per night. This a conservative estimate with strong demand for short-term accommodation locally.
The re-opening of the bar would be welcomed by local residents and the potential for a beer garden would add to the attraction of the project.
The property qualifies for 100% rates relief under the small business scheme- so no rates payable whilst vacant. Subject to status.
This lot will be sold under auction terms and conditions by Braveheart Auctions.
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