South west hotel and bar can be bought separately or as package
NEW owners are sought for two hotel businesses in south west Scotland.
Property agent Christie & Co is marketing the Bruce Hotel in Newton Stewart and the Buccleuch Arms Hotel in Moffat.
Located on Moffat High Street, the Buccleuch Arms incorporates the Coachman Bar and the two businesses are available to buy together or separately.
The Coachman Bar has its own entrance from the High Street and is said to be regarded as a locals’ pub by those in the town.
The 16-bedroom Buccleuch Arms Hotel includes owner’s accommodation and staff rooms, and is said to enjoy strong repeat trade.
Christie & Co’s Graeme Smith, who is handling the sale, said the hotel offers an “excellent opportunity for anyone looking to get into this busy market town and grow the business”.
“The Buccleuch Arms Hotel includes 16 en suite letting bedrooms, a restaurant, bar and function rooms,” he said.
“It is for sale at offers in the region of £435,000 for the freehold. We are also seeking offers in the region of £215,000 for the Coachman Bar which, up until a couple of years ago, was rented out as a separate entity.
“The combined business was previously marketed as a package and at a guide price of £680,000 for the freehold.
“However, as a result of splitting the two entities, if a purchaser is now interested in buying both the Buccleuch Arms Hotel and the Coachman Bar, then a price of somewhere in the region of £650,000 would be considered.”
The property agent is also marketing the three-star Bruce Hotel in Newton Stewart at a reduced asking price.
On the market with a price tag of £375,000, the hotel has 20 en suite letting bedrooms, a 60-cover restaurant, lounge bar, boardroom and two function rooms which can accommodate 50 and 60 people.
At this price it offers exceptional value for money and significant growth potential.
The town, on the banks of the River Cree, is said to be a popular base for exploring the south west, which is home to the Southern Upland Way – a coast-to-coast footpath which stretches 212 miles from Portpatrick on the south west coast to Cockburnspath in the east, and the ‘7 Stanes’ mountain biking trails.
Smith at Christie & Co said the business, currently run under management, attracts a mix of locals and visitors.
“After much consideration and in order to generate as much interest as possible, the Bruce Hotel has been reduced in price to £375,000 for the freehold going concern,” he said.
“At this price, it offers exceptional value for money and provides significant growth potential.
“I recommend that anyone interested should arrange a viewing as soon as possible in order to fully appreciate exactly what’s on offer.”
Images: Top, The 16-bedroom Buccleuch Arms Hotel in Moffat has a restaurant, bar and function rooms. Above, The asking price for the Bruce Hotel in Newton Stewart has been lowered to stimulate interest.
