High turnover Guest House located in the prosperous town of St. Andrews
. Prime trading location on Murray Park, yards from the world famous Old Course
. Delightful 4 Star operation offering 8 en-suite letting bedrooms
. Fully refurbished property which has recently in 2019 been extended to the rear
. Boasting six figure turnover with a highly impressive EBITDA
. Situated in arguably one of the finest locations for this type of business in Scotland
Back in the early 2000’s when our clients embarked on the often difficult job of sourcing a suitable guest house operation to buy, the focus was on quality of location, market potential and style of property. Therefore, when the opportunity came to purchase number 17 Murray Park, the vendors could appreciate the huge potential that the property and business offered. While the deceptively spacious property was of the style and most importantly location that our clients were looking for, the property itself required a major renovation program throughout the house.
Currently operating 8 beautifully appointed four-star en-suite bedrooms, Nethan Guest House benefits from being extended to the rear of the property. With the latest extension only been completed in January 2019, the additional space created allows for increased bed room sizes on the upper floors along with the additional private rooms on the ground floor such as the recently developed office and utility area.
While the property had been extended over earlier years, the most recent extension has not only provided more space but has also made the general operation of the business much more manageable than was previously the case. With the years of experience gained through running the business, our clients knew exactly what was required to benefit the overall “behind the scenes” layout and improve the flow of the business. With a good size kitchen, office and laundry area plus flat screen TVs for CCTV, the overall feel is of a well laid out modern commercial hospitality operation.
The traditional townhouse property sits on Murray Park within St. Andrews. Known as arguably one of the best addresses for this type of business within the country, Murray Park lies only a few hundred yards from The Home of Golf, St Andrews Old Course.