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4 bedroom hotel for sale

Templehall Hotel, Main Street, Kelso, Roxburghshire, TD5

Sold STCM £229,000

Property Description

Commercial information

  • Business for sale

Key features

  • Village Bar
  • Dining Room/Function Room 4 En Suite Letting Rooms
  • Owners' Accommodation
  • Large Beer Garden

Full description

Tenure: Freehold

The beautiful rural village of Morebattle lies in an idyllic rural setting approximately 7 miles south of Kelso in the Scottish Borders. Village amenities include post office and shop, primary school and The Templehall Hotel. There are numerous clubs and societies also formed in the village, many of whom use the dining room/function suite for meetings and dances. The nearby town of Kelso with its picturesque cobbled streets offers a wide range of facilities for locals and visitors with attractions including its Abbey, Floors Castle (which is home of the Duke of Roxburgh), horse racing and curling. The Borders are well known for their natural amenities including excellent golfing, fishing and walking with the "St Cuthbert's Way" Walk passing through the village.

The Templehall Hotel is a well presented traditional village Inn having been run by the same proprietors for 12 years. Much of the business is from locals and walkers in the Cheviots or walking the St. Cuthbert's Way. There are also shooting parties, golfers and cyclists who use the accommodation on a return basis along with holidaymakers who use the bar and restaurant. Very little marketing is carried out to promote the hotel although there is a simple website at www.templehallhotel.co.uk. There is therefore tremendous scope to increase the business with a more extensive website, general marketing and also joining VisitScotland. Although the business is generating a healthy turnover in excess of 150,000 per annum, there is still huge potential to be realised especially from food sales and promoting the function room.

We have been advised that a substantial part of the business comes from accommodation bookings made through agencies. Our clients have longstanding relationships with a number of agencies providing holiday packages and B&B bookings for walkers on the St. Cuthbert's Way route. The business is directly on the route and it is likely this would continue to be significant for any buyer as a steady seasonal income.

The Templehall Hotel has undergone major refurbishment since the current proprietors took ownership in 2000. However, the character of the inn has been retained while offering modern facilities for guests such as en-suite bedrooms.

More information from this agent

Listing History

Added on Rightmove:
26 April 2016

Map & Street View

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