Hotel in historic town up for sale | Scottish Licensed Trade News

Scottish Licensed Trade News

Hotel in historic town up for sale

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Borders business offers scope for expansion, agent says

A HOTEL in the Royal Burgh of Selkirk in the Scottish Borders has come onto the books of property firm Christie & Co.

Set above the Ettrick and Yarrow valleys in the historic town, the Glen Hotel has nine letting bedrooms and a 32-cover restaurant; there’s also four-bedroom owner’s accommodation.
Selkirk was where William Wallace was proclaimed overlord of Scotland and author Sir Walter Scott served as sheriff for 33 years during the 18th century.
Today, the town is set to benefit from the forthcoming Scottish Borders rail link from Edinburgh to Galashiels. The area is also popular for golf, horse riding and fishing.
Ken Sims, director of Christie & Co in Edinburgh, who is handling the sale, said the hotel enjoys a mix of tourists and commercial visitors.
“Some 40% of the hotel’s income is derived from business trade — and it benefits from a high level of repeat business,” said Sims.
“The sale of the hotel presents an excellent opportunity for a new owner to take the business forward — either by extending the food offering to non-residents of the hotel or by creating more of a guest house approach to the business. With four-bedroom owner’s accommodation too, the Glen Hotel could be a perfect lifestyle business acquisition for someone looking to move to this delightful part of the country.”
The Glen Hotel is on the market with a price tag of £499,950 for the freehold.

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