Hotel which offers a lifestyle change for sale in Kirkwall
A HOTEL on the Orkney Islands may be of interest to operators looking for a lifestyle change.
Described as a “vast” property, The Ayre Hotel comprises 51 en suite letting bedrooms and nine serviced apartments within a separate three-storey building on the site, as well as a lounge bar, restaurant, conservatory and function and meeting rooms.
It is also “fully equipped” with ancillary areas, including a commercial kitchen, wine cellar, laundry room and office.
Located in the islands’ capital, Kirkwall, the hotel overlooks the harbour and is just five miles from the airport, which is well connected with regular flights available to Scotland’s main cities, including Aberdeen, Glasgow and Edinburgh; there are also regular ferry services to the mainland from Kirkwall.
The hotel is well-established and has been family owned and operated for a number of years.
Having been family owned and operated for a number of years, the hotel is “firmly established” and is said to benefit from “a high level of corporate and leisure trade”.
Stuart Drysdale, associate director at Christie & Co, which is marketing the hotel at offers over £4.5 million for the freehold, said: “The Ayre Hotel is well-established in Kirkwall and has been family owned and operated for a number of years.
“The mix of standard letting rooms and self-catering apartments provides a range of choice for the business and leisure traveller.
“The business trades exceptionally well and the addition of the nine apartments has led to a significant increase in both turnover and profitability.”