A high street hotel and restaurant in Selkirk that operates at 70% year-round occupancy has gone on the market.
While the asking price hasn’t been disclosed, The County Hotel, located on Selkirk’s High Street, presents an interesting opportunity to experienced or first-time buyers looking for a new hospitality venture.
The three-storey, nine-bedroom hotel has two bars, a brasserie, and a function room and also incorporates the adjoining Grapevine restaurant.
The function room, capable of holding up to 110 people, is regularly used for local theatre, music and art events such as the monthly String Jam Club, which has previously hosted several well known performers.
Potential purchasers may also have an opportunity to develop the property by converting the existing owner’s accommodation to add a further four letting rooms plus manager’s accommodation within the premises.
Stuart Drysdale, associate director at Christie & Co comments: “The current owners have built the hotel and restaurant up into a hugely successful operation. It draws trade from a wide area throughout the Borders as well as local groups which use the hotel and its range of facilities on a regular basis.
“With its prime location, businesses like this are proving to be somewhat immune to the effects the wider market might be experiencing with the possibility of a second referendum hanging in the air.
“The hotel currently experiences year-round trade with 70% occupancy so this, along with the further opportunity to grow the business with the adjoining restaurant included on a separate lease agreement, makes it suitable for either experienced or first-time buyers who are looking to continue a very well-established operation.”