‘Established and profitable’ island business is on the market
A NEW owner is being sought for an “established and profitable” island hotel business.
Described as a “stunning” property, the Colonsay Hotel on the Isle of Colonsay is said to enjoy “commanding views” over the sea to the neighbouring island of Jura, and overlooks Colonsay’s harbour and ferry terminal, from where there are regular sailings between Oban on the mainland and Port Askaig on the Isle of Islay.
Said to have been built in 1750 as an inn for locals and visitors to the island, the property now comprises nine letting rooms, a restaurant with sea views, three lounge areas, and a public bar. There’s also a staff bothy, which can sleep two people, and further staff accommodation for purchase or lease by separate negotiation.
The Isle of Colonsay, which can also be reached via a weekly Hebridean Airways flight from Oban, is described as a “top-rated tourist destination”, and the hotel attracts trade from holidaymakers and visitors to the island as well as locals.
Peter Seymour, hotel and leisure director at Graham & Sibbald, which is marketing the Colonsay Hotel on behalf of Alex and Jane Howard, who have owned it for the past 17 years, said the sale represents a “fantastic opportunity to acquire an established and profitable island business”.
“We are delighted to be handling another exceptional and well-known establishment,” he said.
“The hotel has fond memories for anyone who has visited the island
“This sale offers an excellent opportunity for an owner-operator to take on a very profitable business.”
Offers over £650,000 are being sought for the Colonsay Hotel.
