A prominent hotel at the gateway to the Hebrides has been put on the market for £1.2m.
The Caledonian Hotel, located in the centre of Oban close to the main railway station and ferry terminal, is being sold by its investment owners, with a hotel management company currently operating the hotel.
The 59-bed property features a bar, restaurant, lounge, restaurant and kitchen to meet the demands of both hotel residents and the high footfall of passing trade from tourists and locals alike, given its position on the town’s busy seafront.
Alistair Letham, a director in the UK hotels agency team at Colliers International, said: “The Caledonian Hotel has a great location in the centre of Oban, which itself is a perennially popular leisure destination.
“While the business is already well established, with a good turnover, undoubtedly there is opportunity for new owners, skilled in operating a locally based leisure destination, to develop the Caledonian and further increase its profitability.”