Offers of £1.8m are being sought for a hotel owned by the same family for more than 60 years, “in the heart of Scotland’s golf coast”.
Property firms Graham + Sibbald and Colliers have been appointed as joint agents to market the hotel, which is being sold by Stirling and Jela Stewart.
The agents, who describe the property as a “superb four-star boutique hotel”, note that the owners are planning and looking forward to their retirement from the hotel trade.
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Robert Smithson, of Colliers’ hotels team, described the sale of the Nether Abbey Hotel in North Berwick as "an ideal opportunity to purchase a strong-performing business that welcomes visitors all year round to enjoy the coastal views [and] rich history, as well as the supreme local golf offering".
He added: "Its charm and quality means it often sees customers returning again and again, which is testament to the staff, location and calibre of accommodation.”
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Graham + Sibbald and Colliers describe North Berwick as a "stunning seaside town", adding: “Set in the heart of Scotland’s East Lothian golf coast, this outstanding hotel has been extensively upgraded and refurbished to provide 12 quality letting bedrooms, the popular Fly Half bar and restaurant, a south-facing conservatory and al-fresco terrace, plus a spacious function/meeting room.
“All this combines to make the Nether Abbey a go-to North Berwick establishment welcoming local custom and a range of new and repeat visitors from both the UK and overseas.”
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Alistair Letham, a hotel and leisure consultant with Graham+Sibbald, said: “The sale of the Nether Abbey Hotel provides a wonderful opportunity to buy a quality four-star hotel business in a sought-after location, with an impressive established local, national and international client base. The Nether Abbey Hotel is truly a turn-key, walk-in property and business.”
The property agents said: “With easy connections to Edinburgh, just 30 mins by train, a thriving high street of independent shops and its famed community spirit, North Berwick is a sought-after location and truly beautiful destination, with views across the Firth of Forth to the Bass Rock, home of the world’s largest colony of northern gannets.
“As well as boasting a rich history and impressive castles, the region is the number one golf-break destination in Scotland with 22 courses along the stunning coastline, stretching from Edinburgh to the Scottish border. All of this can be found in Scotland’s sunniest and driest region.”
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