New kings of the castle | Scottish Licensed Trade News

Scottish Licensed Trade News

New kings of the castle

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PROPERTY firm CDLH has sold Barcaldine House Hotel near Oban on behalf of a bank.

The castle, parts of which date from 1700, has 11 letting bedrooms and five self-catering units; the business had been closed since going in to administration in January 2012.
“There was considerable interest in the property and, in fact, I believe we had over 30 viewers,” said Alan Creevy of CDLH. “However, the building did require some upgrading and this was off putting to a number of parties. Nonetheless, after a thorough and extensive marketing campaign, a sale was achieved in late October this year, off an asking price of offers over £475,000.
“We have no doubt that the purchasers of Barcaldine will create a first class business at the property, which will deliver them an excellent return.”

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