A MOFFAT hotel which has been owned by the same family for nearly three decades is in need of a new owner.
Margaret Tweedie has managed the Annandale Arms Hotel for 26 years. She is selling the business so that she can retire.
The three-star hotel has 16 en suite letting bedrooms, an oak-panelled bar with capacity for 30 customers and a restaurant which can cater for up to 40 people.
There are two meeting rooms – the larger of the two with capacity for 120 people, seated, with the other able to host 35.
Set across four floors and a basement, the hotel was built in 1760 and originally called the Kings Arms.
In addition to the letting rooms, the property also includes self-contained flats on the upper floors which are currently used for storage but could be redeveloped into staff accommodation or additional letting bedrooms.
Robert Smithson of selling agent Colliers said: “After a very successful 26 years, the current owner of the Annandale Arms Hotel is looking forward to a well-earned retirement and we are pleased to bring this property which is a feature of the town centre to the market.
“The hotel is an ideal opportunity for those wanting to start out in hospitality and there is also ample scope to grow the business, by adding more bedrooms and extending the services offered not only to overnight customers but local residents.”
The hotel is on the market with a guide price of £575,000.
