Two hotels – Shetland

  • Price: £3,900,000
  • Freehold Price: £3,900,000
  • Annual Turnover: £2,500,000
Shetland Islands, Scotland, Scotland
Seller Ref:48694
For Sale

Two hotels – Shetland

Shetland Islands, Scotland, Scotland
Seller Ref:48694
  • Price: £3,900,000
  • Freehold Price: £3,900,000
  • Annual Turnover: £2,500,000

Overview

Seller Ref: 48694

Description

30-year trading history under the current director, operating as a hotel since the 1930s.
Both properties within a short drive of each other, local to the airport and numerous tourist attractions.
Nearest competing hotel is c.24 miles north in the island capital of Lerwick.
Income diversified through business, tourism, and local oil industry.

Kings Corporate are delighted to present Project Brooke, a leisure company . The business is well-established and its two hotel in Shetland, making it an excellent acquisition. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant. Business is available on a freehold basis. Ref: 48694

Is this business relocatable:
No
Is this business home based:
No
Is accommodation included:
No
Is stock included:
NA

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