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Newport Inn, Restaurant, and Gallery 2 Properties Offered at $1,396,615 CAD in Newport on Tay
INVESTMENT HIGHLIGHTS
- Multi-use and tenanted building
- Lots of off street parking
- Waterfront location
EXECUTIVE SUMMARY
This is a prime investment opportunity to purchase The Newport Inn, a property which is divided into three areas and currently houses a successful 4-bedroom hotel with a cozy function space, bar and well known restaurant. It also includes an art gallery and a Chiropractor clinic, all with tenants in situ; however, vacant possession is also an option.
The hotels bar and restaurant is a popular choice with locals and the ever-growing number of visitors to the area, and benefits from the passing trade of campers, road trippers, hotel guests and day visitors all year round. The hotel is known by the locals for its high-quality dishes, coffee and cakes and modern cocktails, which is why the current owners have managed to grow and maintain such a loyal customer base. The main entrance gives open access to a modern art gallery where you will find access to both the lower ground floor, where the clinic is located and the central, modern staircase, which gives access to the bar/restaurant, hotel rooms and function suite.
The hotels bar and restaurant is a popular choice with locals and the ever-growing number of visitors to the area, and benefits from the passing trade of campers, road trippers, hotel guests and day visitors all year round. The hotel is known by the locals for its high-quality dishes, coffee and cakes and modern cocktails, which is why the current owners have managed to grow and maintain such a loyal customer base. The main entrance gives open access to a modern art gallery where you will find access to both the lower ground floor, where the clinic is located and the central, modern staircase, which gives access to the bar/restaurant, hotel rooms and function suite.
PROPERTY FACTS
| Price | $1,396,615 CAD | Number of Properties | 2 |
| Price / SF | $166.60 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 8,383 SF |
| Status | Active | Total Land Area | 0.18 AC |
| Price | $1,396,615 CAD |
| Price / SF | $166.60 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,383 SF |
| Total Land Area | 0.18 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
The Newport Inn
1 High St, Newport on Tay DD6 8AB |
Hospitality | 3,272 SF | 1890 | - |
|
Retail Units at the Newport Inn
1 High St, Newport on Tay DD6 8AB |
Retail | 5,111 SF | 1890 | - |
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Newport Inn, Restaurant, and Gallery
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