Hotel/guest house for sale in Galashiels, Scottish Borders TD1

£450,000
Hotel/guest house for sale
Interested in this property? Call +44 131 268 9615 * or Request Details

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Property features

  • 6 Letting Bedrooms
  • Located beside train and bus station
  • Long established business
  • Lifestyle business. Highly rated

Property description

Reference - 47537

Description
Galashiels is one the principal economic and administrative centres which serves the wider Scottish Borders area and is situated on the A7 trunk route approximately 35 miles south of Scotland's capital city Edinburgh. Galashiels provides the principal shopping, social and administrative facilities for
the surrounding area and is in effect the principal population centre for the region with an estimated population of some 15,000. The town is renowned for textile making and is home to the Herriot-Watt University's School of Textiles and Design.

Galashiels and the wider Borders region has benefitted from the opening of The Borders Railway Line in September 2015 with trains running to the capital city of Edinburgh every 30 minutes throughout the day with journey times under an hour making Galashiels a popular commuting location.

The Monorene is a traditional Guest House set in the heart of Galashiels beside the bus station and the train station. There is a total of 6 letting bedrooms - four bedrooms with en-suite shower rooms and two standard rooms with vanity areas & shared bathroom. Attractive breakfast / dining room with 12 covers & serving area. Large rear kitchen / preparation area / office. The owners operate all year trading B & B basis only with some additional scope to extend the services on offer and a possible extension to the trading year and consequent enhanced income.

The owner’s accommodation benefits from large lounge, ensuite double bedroom with extensive hallway storage area & cupboards.

Sales
Currently sales average £60k pa approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Trades all year

Staff
Managed by the owners.

Building External
Monorene Guest House is a detached property (built circa 1900) located in a prime trading location on Stirling street galashiels. The 2 storey property has an established trading base & website (included in the sale) business providing comfortable Bed & Breakfast accommodation over two floors within good sized low maintenance gardens and car park to the rear.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification. (Delete if you have copy of planning permission)

Building Internal
There are a total of 6 letting bedrooms - four bedrooms with recently refurbished en-suite shower rooms, two standard rooms with vanity areas & shared bathroom the rooms are a mix of single twin and family. Attractive breakfast / dining room with 16 covers & serving area. Large rear kitchen / preparation area / office.

The owner’s accommodation benefits from large lounge, ensuite double bedroom with extensive hallway storage area & cupboards.

Tenure
We are advised that the property is freehold.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
Highly rated long established guest house in the Scottish Borders. Prime location for changing the use for a Solicitor office or a dentist surgery. There are less guesthouses in the town aswell, which makes less competition.

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For more information about this property, please contact
Bruce & Company, EH12 on +44 131 268 9615 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bruce & Company, and do not constitute property particulars. Please contact Bruce & Company for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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