Lower price set to open up “broader stream of purchasers”
AN Isle of Skye hotel is on the market with a reduced asking price to encourage a quick sale and allow the current owners to relocate closer to family.
The Uig Hotel overlooks Uig Bay and ferry terminal, from where there are daily crossings to the Outer Hebrides. It is being marketed by ASG Commercial with a price tag of £375,000 for the freehold.
The hotel enjoys strong year-round trade from a broad clientele.
A former coaching inn, the three-star hotel has 11 en suite letting bedrooms, a lounge bar with open fire, sun lounge and Folly Restaurant, which is located at the front of the property with sea views.
The hotel is said to be popular with locals and tourists, including walkers and climbers, while its location on the busy A87, above the harbour, helps it attract passing trade.
Current owner Bill Pearce said a new regime could “drive business beyond the successful level currently enjoyed”.
Paul Hart, head of commercial agency at ASG Commercial, said the business has a long and successful trading history.
“The Uig Hotel is both a substantial and attractive landmark property,” he said.
“Its location and trading position provide excellent profitability on strong, year-round mixed trade.
“The hotel sale has been revised to encourage a broader stream of potential purchasers and in all likelihood we can reasonably expect a strong level of interest at this price. There is no doubt that this hotel offers a great trading opportunity whilst providing a fantastic lifestyle.”