Potential for development with Kirkcudbright property
A PROPERTY in Kirkcudbright represents a rare opportunity for an operator to snap up an established hotel in picturesque Dumfries and Galloway.
The Kirkcudbright Bay hotel, located on Saint Cuthbert Street in the heart of the town, currently lets three of its bedrooms, although a further six could be refurbished and let by a new owner.
The property includes a traditional public bar and purpose-built conservatory restaurant, which is serviced by a fully fitted commercial kitchen.
The hotel, which is currently family owned and operated, is said to have built up a “superb reputation” locally and with visitors due to the venue’s high standards of service, with advance bookings required for the conservatory restaurant.
Stuart Drysdale, associate director in the Edinburgh office of selling agent Christie & Co, said: “The Kirkcudbright Bay Hotel represents a rare opportunity for first time buyers or experienced operators to take on a well positioned and popular small hotel, with multiple income streams.
“It is now well-established within the town and continues to record impressive levels of turnover and profitability.
“With only a few letting rooms currently being utilised there is promising scope to increase the bedroom accommodation allowing for potential redevelopment and an uplift in accommodation sales.
“We’re looking for a new owner to take on a business which presents a superb opportunity for a private operator to take the business forward.”
Christie & Co is seeking offers in excess of £395,000 for the freehold of the Kirkcudbright Bay Hotel.