Montrose business on market for first time in 27 years
A HOTEL which is described as a ‘local institution’ within the coastal Angus town of Montrose has come onto the books of property firm Christie & Co.
First constructed in 1814, The George Hotel is set across four levels, with a modern extension to the rear.
The property comprises 25 en suite bedrooms, restaurant and lounge, which together can accommodate 120 covers, as well as a 120-cover function room that is said to be popular for weddings and drinks receptions.
Said to benefit from multiple income streams and a good reputation among locals and visitors alike, The George Hotel offers a new owner the opportunity “to take on a profitable and well-established hotel in Montrose”, according to selling agent Christie & Co.
The hotel represents a fantastic opportunity for an experienced operator or a first-time buyer.
The town, which sits on a natural harbour – the Montrose Basin – is located between Dundee and Aberdeen and is said to benefit from various local tourist attractions.
Current owner Trish Douglas, who first purchased The George Hotel in 1990, has decided to sell the business in order to retire.
Douglas said: “I’ve loved every minute of the last 27 years at The George.
“I’ve decided to sell [the business] to spend more time with my family and hope that whoever takes over has as much enjoyment and success as I’ve had.”
Stuart Drysdale of Christie & Co, which is seeking £850,000 for the freehold of the hotel, said: “The George Hotel represents a fantastic opportunity for either an experienced operator or first-time buyer to enter the market to take on a popular and well-positioned hotel, with multiple income streams and plenty of scope to develop the business.”