Melrose Scotland Hotel Lease For Sale
Price:
Leasehold - £60,000
Location:
Scotland, Scottish Borders, Melrose
A rare high quality hotel opportunity
• 30 (en-suite) letting bedrooms
• Coffee lounge
• Restaurant
• Hotel bar
• Outstanding function facilities
• Large car park
• Gardens
• Superb owners’ accommodation
• No trade ties
Melrose is perhaps the most prestigious and attractive of the Border towns, this charming and pretty small town attracts many tourists throughout the year and is also a sought after residential town.
The George & Abbotsford hotel occupies a prime position in the town, with outstanding facilities the hotel is kept busy in all departments. The lounge bar , coffee lounge and restaurant are popular with locals and visitors alike, similarly the letting rooms enjoy good occupancy levels and the function facilities are amongst the best in a wide surrounding area.
In The Centre of Melrose - th e most attractive and visited town in The Scottish Borders.
The property is offered on a leasehold basis and we are informed that there are 8 years remaining on the current lease and that it is anticipated that the landlord will extend this to 10 years for suitable tenants. We are informed the current rent is £59,000 per annum and there are no trade ties. The lease in on an insuring and internal repairing basis.
The owners’ accommodation is extensive and self-contained. The accommodation is located on the third floor level and includes a kitchen, lounge, dining room as well as four bedrooms and bathroom. This could be separated to provide a self contained flat with bedroom, lounge, kitchen and bathroom, with the remaining rooms used as staff accommodation.
UK Non-Specific
£ 800,000
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Business Services that may be of Interest:
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