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Hotel In Montrose For Sale

Montrose, Angus
Asking Price:
£599,000
Sales Revenue:
Available on request
Cash Flow:
Available on request

* Excellent profits with further development opportunities.
* Enviable location within the town
* Profit Potential by introducing meals
* 15 En-suite letting rooms, Excellent owners' accommodation

Ref 45104
A Well Presented and Popular Hotel With Excellent Potential
The sale of The Star Hotel offers a rare opportunity to purchase a high quality, beautifully presented property and business, which is trading well.
PRICE - £599,000

The Star Hotel is a former coaching Inn that dates back to the early 1760s. The business has been owned by the current vendors since 2010 and has under gone extensive refurbishment in the bar and many of the rooms. The business has been operated by the vendor and now offers an excellent investment opportunity or as a family ran business. The property has been placed on the market due to the current proprietor's impending wish to retire from the Tourist trade. The business trades throughout the year and its quality is reflected in the number of awards it currently holds such as achieving 4 out 5 on Google. Additional marketing is carried out through its own informative website
The Star Hotel offers excellent accommodation for both guests and owners.

Summary. The sale of The Star Hotel offers a rare opportunity to purchase a high quality, beautifully presented property and business, which is trading well but with potential for expansion of the business.

Price
OIRO £599,000 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Property information

Property:

Freehold

Living Accommodation:

The owner's accommodation is a self-contained one bedroom flat, located off the hallway on the 2nd floor of the property. The flat comprises master en-suite bedroom with walk in wardrobe together with an open plan dining kitchen area and sitting area. The flat has been fully refurbished, benefiting from a fully fitted kitchen.

Contact Information

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