Hotel/guest house for sale in Canongate, Jedburgh TD8
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Property description
Freehold Guide Price £475,000.
The attractive market town of Jedburgh is situated on the main A68 in the southeastern corner of Scotland, located 10 miles from the border with England and just over an hours drive away from Scotlands vibrant capital Edinburgh.
The town is dominated by the magnificent twelfth century Abbey with its dedicated visitor centre. Jedburgh is steeped in history with many historic buildings including the Mary Queen of Scots Visitor Centre and the Castle Jail & Museum. The town offers a wide variety of restaurants and cafes, as well as a great range of independent shops, popular with the local community and visitors to the town and area.
The Royal Hotel occupies a prominent trading location in the town centre, a stones throw from the historic Jedburgh Abbey. This is an excellent trading location to capture passing trade, as well as to serve the local community.
There are a total of 14 letting bedrooms, all rooms can be either double or twin. The ground floor café/bistro (24 covers) is used for guest breakfasts. The café bistro has a small, licensed bar service area located off it. All public areas and letting bedrooms are offered in excellent turnkey walk-in condition.
Our clients have newly created an owners flat on the first floor, consisting of a large open lounge and kitchen, with double bedroom and an ensuite bathroom.
At present our clients trade on an accommodation basis only, choosing to focus on a lucrative bed and breakfast offering. This refocus has allowed our clients to maximise profits from accommodation whilst keeping staffing levels to a manageable level. New owners may indeed wish to continue this profitable pathway and look to augment the offering with an enhanced food and beverage offering.
The café/bistro offers a real opportunity for business growth in terms of lunches as well as evening meals, or perhaps re-establishing a more public bar type offering.
Our clients choose to only operate the business on a seasonal basis, trading to tourists, walkers and workers employed in the area. There is still a demand for accommodation in the “off season” and the business has real potential for full year-round opening.
Property info
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Cornerstone Business Agents, EH26 on +44 131 268 8358 * (local rate)
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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Cornerstone Business Agents, and do not constitute property particulars. Please contact Cornerstone Business Agents 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.