Sale success for Borders B&B

New owners take the reins at Glede Knowe Guest House

GUEST house in the Scottish Borders has changed hands in a deal brokered by commercial property agency Bruce & Co.

Set on an elevated site in an acre of landscaped gardens, Glede Knowe Guest House is situated in the town of Innerleithen.

Glede Knowe Guest House[2]

The bed and breakfast business has changed hands after seven years under the previous owners, who are said to have extended and refurbished the property in 2008. They sold the business in order to retire.

Glede Knowe Guest House comprises seven letting rooms, five of which are en suite, a residents’ lounge, and dining room with a buffet bar and seating for 20 covers.

Owner’s accommodation at Glede Knowe Guest House comprises one bedroom, bathroom, an office, lounge and kitchen.

Safa Sultan, sales negotiator at Bruce & Co, said the firm was “really happy that Glede Knowe House has found great new owners within a year of coming on the market” and wished the new owners “all the best for the business”.

Glede Knowe Guest House was sold on a freehold basis for £675,000. Finance for the purchase of the business was provided by RBS.