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Superb Boutique Hotel In Perth City For Sale

Perth, Perth and Kinross
Freehold Price:
£1,850,000
Lease Asking Price:
£160,000
Sales Revenue:
£500K - £1M
Cash Flow:
Available on request

We are delighted to offer for sale The New County Hotel which is a 3 star + benefiting from the status of a semi detached corner property consist of 3 buildings and situated in the city centre of the old capital of Scotland the city of Perth.

A popular city and 3 minutes walk from Perth railway station with large corporate offices and equally popular with worldwide tourists, hosting the UK's largest musical and sporting events. The location of Perth being the gateway to the highlands and only 45 minutes from Edinburgh and Glasgow.

A hotel that has historically achieved significant awards including multi AA rosettes and from the Scottish tourist board. The hotel consists of 23 recently refurbished and all en-suite letting bedrooms spread over 2 upper floors with a 100-cover banqueting suite on the first floor.
The ground floor consists of an award winning restaurant, 40-cover lobby cafe and an 80-cover independent public bar and restaurant with additional direct entrance from the main road.
The hotel has a central and well-maintained kitchen, which services all areas of the business including the public bar. The hotel also benefits from its own small rear private car-park with the added benefit of an adjacent local authority large car-park.

The hotel is a superb business and in the heart of Perth City Centre is famous among tourists due to its central location in Scotland and also has numerous famous bars, restaurants and clubs and also famous for musical events and golf sport events. The business has yet to achieve its full potential but is now ready to move forward following a significant investment. The hotel is an all year round business that has a strong winter occupancy due to its city centre location.

If interested please contact the seller through the form on this page.

Freehold - £1,850,000/
Leasehold - £160,000/
Leasehold Rent £115,000 per year

Property information

Property:

Available as freehold and leasehold

Leasehold Type:
New
Lease Terms:

A new 14 year lease will be available

Leasehold Rent:

£115,000 per annum

Location:

The hotel sits on the main arterial route into the city from the main motorways and A9 to The Highlands. A corner plot that has prominence unrivalled by its competitors on and only a short walk from the main Perth train station that can take you to all major cities throughout the UK

Premises Details:

A superb recently refitted 23 bedroom hotel with the unique position of having its own bar with both hotel and general public access (Bar & Kitchen). The hotel further has a successful cafe area within the lobby, this giving further revenue streams unavailable to its competitors.

Business Operation

Expansion Potential:

The hotel is now in a position to move forward and capitalise on the recent upgrading of the hotel generally. It has the highest occupancy within the area but can now following its investment start to increase its rates without any additional costs.

Competition / Market:

The hotel is a boutique operation unrivalled by its competitors due its divers revenue streams.

Reasons for selling:

The hotel group are looking at further hotels south of the boarder to be in a more geographical operational position.

Trading hours:

The hotel is a 24 hour business which trades 7 days a week throughout the entire year.

Employees:
The hotel operates with a very small team on zero hours contracts
Years established:
Hotel has been in operation since 1950's

Other Information

Support & training:

A full training and management package is available upon request

Website:
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Leasehold asking price:
£160,000

Contact Information

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