For sale: New County Hotel, Perth, Tayside

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New County Hotel
20-30 County Place, Perth, Tayside, PH2 8EE
£550,000

At a glance
• Three-star city centre hotel
• Features two bars, popular restaurant and function room
• Historic turnover of £580,000
• Currently in administration

The business
New County Hotel, a 23 bedroom three-star city centre hotel, is located on a prominent corner on one of the main arterial routes leading into the centre of Perth from Glasgow. The hotel features an attractive lounge bar (Gavin’s Bistro/The Place), the well-known Opus One Restaurant, as well as the Café 22 lounge area, alongside a small function room.

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The underlying business, which caters to hotel residents and the surrounding local and business community, is relatively strong. With an historic turnover of £580,000, the business has suffered through a legacy of debt and difficult trading conditions in recent times, which has necessitated the administration.
CONTACT: www.colliersproperty.co.uk/hotels-for-sale/perth/213355

 

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