Award-winning business in golfing haven sold
NEW owners are at the helm of The Braeval Hotel and its award-winning Bandstand Bar & Restaurant in the ancient fishing port and market town of Nairn.
The coastal town, which is 16 miles from Inverness, is one of Scotland’s premier golfing destinations with two championship golf courses, and a further 20 within easy reach.
The nine-bedroom hotel’s bar and restaurant, which takes its name from a nearby bandstand, is described as enjoying a busy bar trade with an “attractive restaurant in a prominent trading position”, with uninterrupted views over the Moray Firth.
The business is said to generate a strong net profit from a turnover of around £700,000 and be well-known for its music nights.
The hotel attracts additional visitors with its annual beer and music festival, which it has hosted for ten years, in early May; while the lounge bar has been lauded for its wide selection of real ales, winning CAMRA Highland & Islands Pub of the Year for the third time in 2014 as well as District Pub of The Year several times.
Jackie MacGregor, marketing director at ASG Commercial, who brokered the deal, said: “This hotel was run by good, experienced operators who had an excellent business, so this was an easy sale for us.
“We had a good deal of interest but the new owners, Mr and Mrs Geddes, are certainly a great fit and with the help of the outgoing owners will do very well here I am sure.”
The property was sold from a guide price of £725,000.