Borders businesses possess a capital location
TWO hospitality businesses in the Borders commuter village of West Linton, 12 miles south of Edinburgh, have come onto the books of property firm Christie & Co.
The Gordon Arms Hotel is said to be the only pub in the village and comprises four letting rooms, a traditional bar, 30-cover restaurant and a decked beer garden and car park. Owner’s accommodation is provided on the first floor and attic level.
The existing tenants are said to have built up a strong customer base and will remain in place following a sale, presenting an “excellent investment opportunity”, according to Christie & Co.
Meanwhile, The Old Bakehouse restaurant on the village’s Main Street has a dining room with seating for 45 guests, a lounge area and conservatory extension with seating for a further 30 diners, in addition to a fully-equipped kitchen.
The eatery currently opens five days a week and is described as having an excellent reputation.
Stuart Drysdale, director at Christie & Co, who is handling the individual sales of both properties, said: “The Gordon Arms Hotel benefits from a prominent roadside position and an established reputation as a popular local drinking establishment, with the current tenants benefitting from supplementary income from the letting bedrooms on the first floor.
“The Old Bakehouse restaurant presents a new owner with significant potential to further increase sales, as the current owners operate the business on a fairly restricted basis as a lifestyle choice.
“We are confident there will be high levels of interest from both restaurant operators and commercial property investors for the two assets.”
Christie & Co is seeking offers in excess of £495,000 for the freehold interest of The Gordon Arms Hotel, while an asking price of £345,000 has been set for the freehold of the Old Bakehouse restaurant.