Commercial Property in Kilmelford available for sale
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Commercial Properties for Sale near the Kilmelford, Oban

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Commercial Properties for Sale Within 10 miles of the Kilmelford, Oban

More details for Esplanade, Oban - Hospitality for Sale

Lancaster Hotel - Esplanade

Oban, PA34 5AD

  • Hospitality for Sale
  • £1,950,000
  • 10,968 sq ft
  • Pool
  • Restaurant

Oban Hospitality for Sale

The Lancaster Hotel in Oban boasts a rich and varied history, offering a unique proposition for prospective buyers seeking a property with character and significant potential. Originally built as Glenlyon House and later serving as the prestigious clubhouse for the Royal Highland Yacht Club, the building was converted into a guest house in 1947 and has operated as the Lancaster Hotel since 1963 under the stewardship of the Ramage family. Over the decades, the hotel has undergone several extensions and improvements, including the addition of new bedroom wings, a cocktail bar, and expanded dining facilities, ultimately accommodating up to fifty guests across approximately 23 bedrooms. The business currently benefits from a prime seafront location adjacent to St Columba’s Cathedral, with many rooms and public areas offering panoramic views over Oban Bay. Facilities include an indoor heated pool, sauna, steam room, and two bars, catering to both leisure and business travellers. While the property is operational and enjoys a loyal repeat clientele, it is in need of comprehensive renovation, particularly in terms of décor and modern amenities, to meet contemporary guest expectations and maximise its trading potential. For an enterprising buyer, there is considerable scope to reposition the hotel within Oban’s buoyant hospitality market by refurbishing guest rooms, revitalising public spaces, and enhancing food and beverage offerings. The hotel’s generous footprint, prime location, and established reputation provide a strong foundation for growth, whether as a boutique destination, a family-friendly retreat, or a stylish base for exploring the West Highlands and islands.

Contact:

CCL Property

Property Subtype:

Hotel

Date on Market:

16/12/2025
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LoopNet UK Argyll And Bute Oban Commercial Properties For Sale in Kilmelford, Oban, UK

Learn More About Investing in Commercial Properties

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FAQs about Commercial Properties For Sale in Kilmelford

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How many Commercial Property listings are available for sale in Kilmelford?
There are currently 0 Commercial Properties available for sale near Kilmelford. These Kilmelford Commercial Property listings have an average size of. The largest available listing in Kilmelford is. The thriving commercial centre and excellent transport links in Kilmelford make it an ideal location for businesses to find suitable Commercial Property for sale.
What factors could affect the prices of Commercial Properties in Kilmelford?
Several factors can impact the price of Commercial Properties, including the size and location of the property, its net initial yield, and the amenities it offers. Prices in Kilmelford currently range from to per square foot. While the average net initial yield for Commercial Properties is.
What other types of commercial property are available for sale in Kilmelford?
There is a diverse range of commercial properties available in Kilmelford to suit various business needs. Kilmelford offers office buildings, retail units and shops, and industrial units & warehouses, catering to a variety of sectors and industries. With a total of 0 Kilmelford commercial property listings in the area, potential owners can find suitable options that meet their requirements.
What are the advantages of investing in commercial property in the UK?
Commercial property investment can provide long-term income through leases, capital appreciation, and portfolio diversification. Compared to residential property, commercial leases are often longer and place more responsibility on tenants for repairs and maintenance.
What is a net initial yield and why is it important?
Net initial yield is the annual rental income expressed as a percentage of the purchase price (after acquisition costs). It’s a key measure used by investors to compare return on investment across different commercial properties.
Do I need a commercial mortgage to invest?
Many investors use commercial mortgages to finance purchases. Lenders typically require a larger deposit than for residential property (often 25–40%) and will assess the property’s rental income and condition as part of the loan application.
What should I look for when doing due diligence?
Due diligence includes reviewing lease terms, tenant strength, service charges, planning permissions, condition reports, and title deeds. A commercial solicitor and surveyor are strongly recommended before purchase.
What are the risks of investing in commercial property?
Risks include void periods (no rental income), tenant default, maintenance liabilities, and changes in market conditions or planning regulations. Mitigating these requires proper property management and lease structuring.
Can overseas investors buy commercial property in the UK?
Yes, the UK market is open to international investors. However, you may need a UK-based legal representative and must comply with HMRC tax obligations, including stamp duty and possible capital gains tax on disposal.

Discover More Commercial Properties for Sale in the Kilmelford, Oban

Market Overview for Commercial Properties in Kilmelford

Key information for Commercial Properties investors in Kilmelford and comparable markets. This summary brings together pricing and building size data to provide a clear view of market conditions and potential investment opportunities.

City Avg Price Per Sq Ft Avg Size Available
Oban £135 5,524 sq ft
Lochgilphead £83 2,065 sq ft
Dalmally £101 16,088 sq ft
Sandbank £46 8,375 sq ft
Appin £81 4,514 sq ft

Rental Price Trends in Kilmelford

The price per square foot range for Commercial Properties in Kilmelford and nearby cities. These metrics help establish valuation benchmarks and highlight possible value opportunities in the market.

City Min £ Sq Ft Avg £ Sq Ft Max £ Sq Ft
Oban £123 £135 £150
Lochgilphead £34 £83 £174
Dalmally £65 £101 £138
Sandbank £34 £46 £56
Appin £81 £81 £81

Available Building Sizes

A summary of the current sizes of Commercial Property for sale in the Kilmelford area. Refine your search based on space requirements and investment level.

City Smallest Property Avg. Sq Ft Largest Property
Oban 853 sq ft 5,524 sq ft 10,968 sq ft
Lochgilphead 215 sq ft 2,065 sq ft 4,537 sq ft
Dalmally 675 sq ft 16,088 sq ft 31,500 sq ft
Sandbank 6,696 sq ft 8,375 sq ft 10,635 sq ft
Appin 4,514 sq ft 4,514 sq ft 4,514 sq ft

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