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Hotel for sale

Edinburgh Road - EH45

£750,000

Property Description

Commercial information

  • Business for sale

Key features

  • 18TH Century Castle
  • 13 en-suite letting rooms
  • Excellent owners accommodation
  • Lounge Bar, 2 Restaurants, Large Grounds

Full description

Tenure: Freehold

Description
Castle Venlaw Hotel is an extremely well run business that has been run by the current proprietors since 2011. The property has been placed on the market due to the current proprietor’s other business interests along with bereavement. Additional marketing is carried out through its own informative website www.venlaw.co.uk.

The property has run as a hotel since 1949 and has enjoyed much success over the years.
The hotel trades throughout the year from a good mix of tourists and local customers.


Situation
Peebles is a popular commuter town in the Scottish Borders just 22 miles south of Edinburgh on the A1.
Castle Venlaw occupies a commanding position overlooking the town on the Edinburgh Road.


Building internal
Castle Venlaw is a commanding 18th Century property. The original house was built in 1782 and was extended in 1854. In 1892 the property was extended again to add the turret and additional floor to its present form.

The Castle itself has a rich history, being used as a hospital in the great war of 1914-1919.

The current vendors have carried out extensive refurbishments since their purchase. This includes refurbishment of all en-suites, new beds and furniture, new carpets and fittings. The kitchen has also undergone an extensive upgrade with new equipment throughout. In addition to the cosmetic refurbishment. The vendors have also installed a new fire system throughout.

The main entrance is from the front via the original entrance vestibule. This in turn gives entrance to the reception hallway,the reception is located immediately to your left on entering. To the right you will find the staircase leading to the upper floors. The reception hallway gives access to all areas both private and public.


Public Areas
The reception hallway is well presented and decorated in keeping with the property. To the left of the reception you will find the public areas of Castle Venlaw.

The library bar is located at the top of the hallway. The bar is well presented and tastefully decorated. The well-stocked bar is located on your left on entering, with an excellent gantry to the rear. The bar is well furnished with a mix of occasional seating and period furniture. The bar further benefits from a quiet seating area within the turret of the Castle along with a fully working period fireplace with open fire.

The library Bar also gives access to the ‘Smithfield Restaurant’. The Smithfield is the main dining room of Castle Venlaw. The restaurant is well presented with parquet flooring and two feature fireplaces. The restaurant also serves as a function suite, ideal for family occasions and weddings. When set for dinner the Smithfield can accommodate approximately 50 guests. The room is well furnished with period tables and chairs and offers excellent views over the Castle grounds from dual aspect windows.

Located off the hallway, you will find the second dining room. The ‘Adam Room’ serves as the breakfast room for guests, and offers additional dining for evening guests, as well as being ideal for meetings and private dinner parties. The room is again well presented and tastefully decorated and furnished. The Adam Room further benefits from a feature period fireplace and views over the grounds.

Ladies and Gents Facilities are well located off the Reception


Letting Accommodation
Castle Venlaw Hotel has 13 en-suite letting rooms, located over three floors. Located on the first floor there are 6 letting rooms. These comprise two classic double rooms, two superior double rooms, one large superior and one executive suite. The executive room, benefits from a separate lounge area within the turret and super king-size four poster bed.

On the second floor there are 5 en-suite letting rooms. These rooms comprise 3 classic doubles/twins, 1 superior twin room and one superior double room. On the third floor there are a further two rooms, a classic double and the family suite. The family suite, has a king size bed in the turret room, along with two single beds.

All the bedrooms have Flat screen TVs with free view, hospitality trays and hair-dryers.

The letting rooms have all been fully refurbished by the current vendor, including new beds, furniture, linen and en-suites either replaced or refurbished.


Owners Accommodation
Located within the basement of the property, you will find the spacious owners apartment. The apartment has three double bedrooms, family bathroom with shower over bath and a spacious dining kitchen. The owner’s apartment also has a well sized lounge located in the turret. The owners apartment, further benefits from a private entrance from the rear. The apartment also house the cellar and spirit store for the property.

Service Areas
As expected with a property the style and size of Castle Venlaw, there are ample service areas including; a fully fitted commercial kitchen with a 6 burner gas range, chargrill, double fryer and full extraction system. The property also has a laundry, dry goods store, freezer room, garage, wood store, boiler room and linen store.

Building External
The property sits well in its own grounds. Castle Venlaw is surrounded by circa 4 acres of gardens and woodland. There is a car park to the front and Victorian Terraces to the side overlooking the grounds.

Business and Opportunity
The hotel trades throughout the year. The business has a good mix of tourist guests, business visitors as well as serving the local community, who use the hotel for family functions. The Hotel offers lunch and dinner with food service available from breakfast.
12:00-14:30 lunch
18:00-21:00 dinner


Services
We are advised the property has mains water and electricity. There is tanked LPG for cooking and hot water, with Oil CH.

Tenure
The property is held on the Scottish equivalent of Freehold.

Licence
The business trades with the benefit of a full Hotel Licence and conforms to all fire regulations.


Summary
The sale of Castle Venlaw offers a rare opportunity to purchase a high quality, beautifully presented Historic Borders property which is trading well but with potential for expansion of the business.

Price
OIRO £750,000 are sought for the heritable property, fixtures, fittings and goodwill. Stock in trade will be additional at valuation.

Inventory
An inventory will be compiled to detail all items of a personal nature excluded from the sale and items subject to lease; this will be available to all parties wishing to offer.

Viewing
Strictly by appointment through the sellers’ sole agents, Bruce & Company. Please remember when viewing that staff and locals may not be aware that the business is on the market and we would be grateful if you do not talk openly about the business while in the area.

Offers
All offers, couched in Scottish Legal Terms, should be submitted to the seller’s sole agents Bruce & Company.

Further Information
Should you require further information on this or any other property, please do not hesitate to contact us on 0131 314 0660.


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