Nairn The Star Hotel For Sale

Business description

The Star Hotel is a thriving licensed Highland Hotel originally built as a traditional coaching Inn. The Hotel is an impressive building with a commanding presence just off the High Street in the popular Morayshire town of Nairn. The traditional origins of the Hotel are reflected in the character of the property with original cornicing, deep faced skirting and high ceilings reinforce the feel of this beautiful period property. The property is in need of some upgrading throughout but the many original features make this a most desirable project.

Property information

Property:

Freehold

Living accommodation:

The owners’ private flat is located on the second floor. This incorporates a spacious lounge, family bathroom, Kitchen–diner and 3 double bedrooms. There is also further accommodation space above the Stables bar which is currently unused but could easily be brought into use as family / staff accommodation or even converted into other business uses; offices, etc.

Location:

Excellent central town centre trading location in the ever popular seaside town of Nairn

Premises details:

The Hotel is of traditional construction and is largely pitched under slate roof.

Business Operation

Expansion potential:

The present owners operate the business to suit their personal situation and have a full-time Manager controlling the operation of the Hotel; the Manager is on a temporary contract and will not transfer with the business. They accept that much work can be undertaken to raise the quality of the subjects and improve service provision. They chose not to offer catering services and this is one area where new owners could easily introduce a quality service.

Reasons for selling:

The business has provided present owners with a good return on their investment but due to other business interests in Aberdeenshire they feel it is now time to sell their business.

Years established:

The present proprietors took over the Hotel in 2005 and have operated the business under management during this time.

Other information

Financing available:

Selling Agents can arrange finance for suitable applicants

Related documents:

• 
• Schedule of Particulars